The twelfth-highest rate of NFT adoption

As per the most recent Finder online survey results, 8.3% of the 1,205 South African internet users polled hold a non-fungible token (NFT). These results have led to South Africa is listed as the nation with the 12th highest NFT adoption rate.

In terms of internet users who want to purchase NFTs in the future, the study indicated that 9.4% of those questioned in South Africa intend to do so. When this is added to the number of internet users who currently possess NFTs, South Africa’s NFT adoption rate may quickly reach 17.8%. This proportion is greater than Vietnam’s (17%), which is now ranked fifth globally.

As per the results, the Philippines has the most NFT owners (32%), followed by Thailand (27%), Malaysia (24%), and the United Arab Emirates (UAE) (23%). On the other hand, Nigeria, which is rated sixth in the world, is the top-ranked African nation, with 13.7 percent of questioned users admitting ownership of an NFT.

Men in South Africa have a higher number of NFTs than women

In the meantime, the statistics suggest that South African males are more likely than women to possess NFTs, with 10.5 percent of men owning one compared to 6.3 percent of women. As per Finder, this gender difference of 4.2 percentage points is larger than the worldwide average of 2.7 percent.

Younger South Africans, as predicted, dominate, with the youngest age group contributing over 10% of the nation’s NFT holders.

In South Africa, individuals aged 18 to 24 are the most likely to have NFTs (11 percent ). According to the study, people aged 55 to 64 (5.2 percent) are on the other end of the spectrum.

Only Thailand and Venezuela have more women purchasing NFTs than men globally, while the UAE has the lowest number of women who possess NFTs.

While many anticipate worldwide NFT usage to rise, the poll indicated that internet users in Japan had the least understanding of NFTs. Approximately 90% of Japanese users have no idea what NFTs are. With 83 percent of individuals confused, Germany comes in second, followed by the United Kingdom with 79 percent undecided.

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