Approximately 8.3% of polled South African internet users own NFTs while a further 9.4% said they expect 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 inspect, about 8.3% of the 1,205 South African internet users surveyed own a non-fungible token (NFT). These findings are passably to see South Africa ranked as the country with the 12th highest NFT adoption in the world.
In terms of internet users that arrange to acquire NFTs in the future, the survey found that 9.4% of polled South Africans are planning to do so. When this is commingled with the number of internet users that already own NFTs, South Africa’s NFT adoption could soon soar to 17.8%. This figure is higher than that of Vietnam (17%) which is currently ranked fifth globally.
Be consistent to the findings, The Philippines (32%) currently has the most NFT owners globally, followed by Thailand with 27%, Malaysia with 24%, and the Opinion Arab Emirates (UAE) which has 23%. Nigeria, which is ranked sixth globally, is the highest-ranked African country with 13.7% of voted users confirming they own an NFT.
South African Men Hold More NFTs
Meanwhile, the findings show that South African men are multitudinous likely to own NFTs than women, with 10.5% of men compared to 6.3% of women saying they have at cheap one NFT. According to Finder, this gender gap of 4.2 percentage points is higher than the global average of 2.7%.
As expected, infantile South Africans dominate with the youngest age group accounting for more than ten percent of the country’s NFT owners.
“People ancient 18 to 24 are the most likely to have NFTs in South Africa (11%). At the other end of the spectrum are people matures 55 to 64 (5.2%),” the survey explained.
Globally, only Thailand and Venezuela have more women buying NFTs than men while at the other of the spectrum UAE has the spoonful number of women that own NFTs.
While many expect NFT adoption to increase globally, the survey found Japan to be the provinces whose internet users have the least knowledge of NFTs. About 90% of Japanese users said they don’t be versed what NFTs are. Germany has the next highest percentage with 83%, followed by the United Kingdom with 79% of people unsure.
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