all about cryptop referances
Over the last seven days, sales of non-fungible tokens (NFT) have fallen by 23.37% and 30-day statistics show that NFT sales are down 63.10% from the previous month. While interest in NFT has declined, a recent study shows that global regions such as Singapore and Hong Kong lead the herd in terms of NFT interest. Research further suggests that “Poland is the most anti-NFT country.” The most searched NFT project worldwide, in terms of search volumes by country, is Axie Infinity, which manages 112 countries in terms of the best searches for collection.
A new study published by cashnetusa.com says that researchers combed NFT search data in each country in March 2022, and then calculated the number of monthly searches per 1,000,000 members of the population using the Ahrefs tool. Furthermore, cashnetusa.com researchers also utilized the Twitter API and Snscrape tool to go through tweets that match the searches “NFT” and “NFTs.” From here, they used the Cardiff University-developed Hugging Face tool to run a sentiment analysis on the data. Finally, the team calculated the 100 best NFTs of all time on the Opensea market, and scraped through the specific search volumes via the Ahrefs tool in all countries as well.
A number of interesting findings show how NFTs have affected each country, and researchers emphasize that Singapore is “most hungry” for NFTs. “Singapore searches for NFTs more than any other country, with 18,717 searches per million inhabitants per month,” the study says. Researchers explain that Montenegro is currently considered the most pro-NFT country in the world, as it captured “862 out of 1000 tweets that turned out to be positive.” The European country of Poland is anti-NFT according to the research, with “227 out of every 1000 NFT-themed tweets found to be negative in sentiment.”
Cashnetusa.com’s report also shows that the blockchain NFT game Axie Infinity is the most popular NFT project when it comes to countries around the world. Axie Infinity has seen $ 4.23 billion in NFT sales among 2,115,063 traders, according to dappradar.com. The study indicates that Axie Infinity commands 112 countries in terms of search volume. Decentraland is the second most sought after in 43 countries, and the Bored Ape Yacht Club (BAYC) captures six countries.
“As a limited edition collection with a high entry price, Apes may be the main news – but they are not at the fingertips of the average NFT enthusiast when they google for new acquisitions,” say the cashnetusa.com researchers.
Cashnetusa.com’s research adds that NFTs involve a lot of “social, technical and environmental weird stuff”, and emphasizes that the topic can also be controversial. “Where money and prestige lead, divided opinions follow. Wild investment, fraud, environmental fears and hard-to-understand technology surround 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 concludes.
What do you think of cashnetusa.com’s recently published NFT research report? Tell us what you think about this topic in the comments section below.
Photo credit: Shutterstock, Pixabay, Wiki Commons, Cashnetusa.com research images
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