Singapore, Hong Kong Lead in NFT Searches Worldwide, Poland the most anti-NFT country: Study

July 7, 2022

By Anjali Kochhar

Even as non-fungible token (NFT) sales continued to drop in the past week, a recent study has shown that the global interest in NFT has been on a rise. Regions like Singapore and Hong Kong lead the pack in terms of NFT interest. On the other hand, Poland is the most anti-NFT country, it showed.

The most searched NFT project worldwide, according to search volumes by country, is Axie Infinity, which commands 112 countries in terms of the top searches by collection.

A new study published by cashnetusa.com showed how NFTs have affected each country and researchers highlight that Singapore is the “most hungry” for NFTs.

“Singapore searches for NFTs more than any other country, with 18,717 searches per million inhabitants per month,” the study details. Researchers explain that currently, Montenegro is considered the most pro-NFT country worldwide as it captured “862 out of 1000 tweets proving positive.”

Further, the research showed that currently Montenegro is considered the most pro-NFT country worldwide as it captured “862 out of 1000 tweets proving positive.”

The European country Poland, on the other hand, is anti-NFT according to the research, with “227 of every 1,000 NFT-themed tweets found to be negative in sentiment.”

Cashnetusa.com’s research further said that NFTs involve a whole lot of “social, technical, and environmental weirdness,” and stressed that the subject can be controversial as well.

“Where money and prestige lead, divided opinions follow. Wild investments, scams, environmental fears, and hard-to-fathom technology shroud NFTs in controversy — NFT commentators fall into two camps: evangelists and skeptics. And among NFT evangelists, everyone has their allegiance, be it to Bored Apes or Axie monsters,” the report’s author concluded.

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