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Doczy: 16 Sty 2024
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 Wysany: Wto Sty 16, 2024 11:21 Temat postu: The Asian NFT marketplace is booming |
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There is a lot of money and billions of people waiting to enter this market. According to experts, NFT adoption in the East is on track to outpace that in the West. Since the explosive popularity of NBA Top Shot in late 2020, NFTs have witnessed a boom. However, Asian consumers have been rather sluggish to enter this realm – until recently. The Beginning – A Relatively Muted Reaction Web traffic for the OpenSea NFT marketplace — which last year represented more than 90% of NFT sales globally — suggests that more than 60% of visitors to the online marketplace originated from the United States. There were no Asian countries in the top five, and the fifth-ranked country, Canada, accounted for ~ 2% of OpenSea traffic.
Although there is an Asian-language NFT marketplace, their volumes are insignificant in comparison to OpenSea’s. The Tides Have Turned In 2022 The NFT customer base in Asia is shifting. Even while the market for cryptocurrencies such as Bitcoin remains C Level Email List stagnant, NFTs are gaining popularity in Asia. Initially, it was assumed that the surge was led by buyers in the United States, but it was later discovered that much of the activity was likely driven by Asian customers. Last month, for example, the PhantaBear NFT collection, co-created by Taiwanese pop icon Jay Chou, had a seven-day trading volume of 17,194.22 ETH (US$53,783,638), knocking Bored Ape Yacht Club off its long-standing top spot. When Asia’s 4.
7 billion people — or about 60% of the world’s total population — become NFT consumers, the global market will certainly shift even further and may become unrecognizable. Southeast Asia Leads This Trend Southeast Asia is leading the way. According to Finder.com data, Southeast Asians account for the majority of NFT users throughout the 20 nations surveyed. The list is topped by three Southeast Asian countries: 1) The Philippines In the aforementioned Finder survey, the Philippines scored top in NFT ownership, with 32% of Filipino respondents owning at least one NFT and the likelihood of NFT adoption in the country reaching 41.5 percent.
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