Report Shows NFTs Lead Central And South Asia’s Crypto Adoption
Crypto adoption has grown significantly in the last two years. It is one of the fastest-growing trends ever experienced in the market, which is expected to continue over time. A look into the growth trend shows some unlikely drivers of this adoption. The NFT space is one that also grew into prominence in the last […]
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NFT-related websites accounted for the largest share of crypto-related web traffic in most CSAO countries over the last 12 months, according to Chainalysis. Nonfungible tokens (NFTs) may be the biggest driver of crypto adoption in Central, Southern Asia, and Oceania (CSAO), a new report has found. According to a Sept. 21 Chainalysis post titled “Crypto Adoption Steadies in South Asia, Soars in the Southeast,” NFT-related actions accounted for 58% of all web traffic going to cryptocurrency services from this region in the second quarter of 2022. Meanwhile another 21% of traffic in the....
On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA, Terra’s native crypto token. The report further says South Korean prosecutors believe Kwon is hiding out in Europe. Local Report Claims South Korean Prosecutors Have Evidence of Do Kwon Ordering an Associate to Manipulate LUNA’s Price A report published by the local KBS News claims the co-creator of the Terra blockchain project, Do Kwon, is currently located in Europe. The news was discovered....
With a cryptocurrency ownership rate of 10%, or four million people, South Africa “ranks 18th out of 26 countries for crypto adoption,” the latest Finder’s report has said. The report also noted that South Africa’s proportion of crypto owners holding bitcoin, 52%, is the third highest out of 26 countries. Just Over Half Own BTC According to Finder’s crypto adoption trends report for August 2022, about four million people, or 10% of South Africans, are cryptocurrency holders. With this crypto ownership rate, South Africa is ranked eighteenth out of....
The far eastern nation may again soon be at the forefront of the blockchain industry as its people are adopting NFT use at a tremendous rate. South Korea’s reputation as a trend-setter and leader in technological research is quickly spilling into the blockchain realm as nonfungible token (NFT) adoption has skyrocketed in the small East Asian country.As of 2020, South Korea has been among the top-10 countries in the world in the Global Innovation Index by the World Intellectual Property Organization. That level of innovation is made apparent to global retail consumers by tech giants such as....
About 8.3% of polled South African internet users own NFTs while a further 9.4% said they plan to acquire such tokens in the future, a study has found.
Twelfth-Highest NFT Adoption Rate
According to the findings of the latest Finder online survey, about 8.3% of the 1,205 South African internet users surveyed own a non-fungible token (NFT). These findings are enough to see South Africa ranked as the country with the 12th highest NFT adoption in the world.
In terms of internet users that plan to acquire NFTs in the future, the survey found that 9.4% of polled South....