Asia Pacific leads the world in NFT searches on Google

According to Google Trends data, people in Asia Pacific (APAC) countries are the most curious about NFTs in Asia Pacific (APAC) countries, according to Google Trends data.

Google Trends data shows that China, Singapore and Hong Kong were the top three countries in the world for the number of NFT searches on Google last year.

According to the data, China had the highest number of searches, with Google’s search index scoring 100 points. Singapore and Hong Kong followed with 67 and 62 points respectively. Other major “NFT” split countries are Venezuela, the Philippines, Cyprus, Canada, New Zealand, Australia and the United States.

China, the most populous country in the Asia-Pacific region, could turn to the NFT to mitigate the aftermath of the country’s super-cryptocurrency ban announced last September, according to an analyst Khashayar Abbasi.

“The country recently banned crypto trading, which could lead investors interested in cryptocurrencies to switch to NFT,” Abbasi said. He pointed out that Chinese e-commerce giant Alibaba launched its own NFT marketplace in August, which could also boost NFT’s popularity in China.

Most “NFT” searches in China are from Zhejiang Province, Shanghai City, and Hubei Province, which is currently best known as the hometown of Wuhan, according to a report in the Bankless Times. It should be noted that Google has been technically blocked in China since 2010 as part of the “Great Firewall”.

“Asian countries are generally more used to digitized and cashless systems than Western countries, which is possibly why their introduction of NFT is so popular,” continued Abbasi.

According to the report, Google searches for “NFT” in September again surpassed searches for “cryptocurrency” after the previous big surge in March.

As a result, Japan has the highest rate of NFT searches compared to crypto as the new market appears to be gaining popularity. In contrast, Nigeria has the lowest rate of NFT searches for cryptocurrencies as the country has the highest percentage of crypto holdings in the world, according to Statista data.

Related: DeFi accelerates as alternative blockchains and NFTs explode

Abbasi says the world is just discovering the tip of the iceberg when it comes to NFT use cases, including a new opportunity for the rich to show off their wealth.

“Rich people used to buy expensive watches to show off their wealth, and only those they met in real life could see what they were wearing. Now you can buy an NFT, post it on social networks, and people all over the world can check 100% that it is yours, ”he noted.

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