Chainalysis: Asia leads growth in NFT ownership – Bits Media

Chainalysis analysts have published a new answer about, in which region is the adoption of non-fungible tokens highest?, and what factors influence this.

At the beginning 2022 almost a year 30% NFT market belonged to Asian traders, It is said in the report. The dominance of Asian regions has grown to 40% in the middle 2021 of the year, and then gradually decreased.

However, Asia as a region still occupies a leading position. According to Chainalysis, second and third places are occupied by traders from North America and Western Europe. At the same time, regions such as Eastern Europe, Africa and the Middle East lag the most behind their fellow continents. As it were, Chainalysis states, the data suggests, that people around the world are still seriously interested in NFTs.

According to Chainalysis, In Asia, countries such as Kazakhstan are leading, India and Pakistan. Over the past few years, these countries, as analysts say, have become global centers of the crypto industry. At the same time, in India and Kazakhstan, despite the sharply increased adoption of cryptocurrencies and NFTs in recent years, the industry's growth potential is noticeably declining. Since the beginning of the year, India has been obstructing the work of cryptocurrency firms in every possible way., changing tax laws for them, and Kazakhstan is struggling with electricity shortages by limiting miners.

Now, as analysts say, NFT markets are stabilizing after explosive growth last year. but, Despite this, according to Chainalysis, the number of active NFT traders continues to grow.

Previously, the creators of The Pyramid community announced a new NFT project, whose purpose is to find out: Can buyers tell a real work of art from an amateur's work?.