NFT is becoming something more and more popular on the internet
The hype of non-fungible token (NFT) is very real – and the popularity of digitized art, music, manga and everything in between is now threatening to eclipse that of some of the world’s largest cryptoassets.
According to Google data, NFT-related searches are now more popular than altcoin like Litecoin (LTC), Bitcoin Cash (BCH) and sometimes XRP – peaking in late February and staying high in the early days Of this month.
NFTs still have a long way to go if they want to reach Bitcoin (BTC) and Ethereum (ETH), although they are gaining ground. Google data shows that BTC still prevails.
They are also well behind Cardano (ADA) and Binance coin (BNB), although the Google Trends show that NFT-related research is gaining ground in both tokens.
But NFTs are hanging neck and neck with the innovation token of the year, Dogecoin (DOGE), also by Google – due in part to a sharp decline in DOGE interest since the end of January.
Google statistics show that NFTs have seen a sharp increase in popularity (search) from around February 11 until the end of the month.
East Asian data appears to be correlated. In South Korea, data from the largest search engine Naver shows a 99% increase in NFT-related searches from 2020, and an equally large increase in interest in the past three months.
Compared to BTC, however, NFTs still need to take off in South Korea, the statistics show. They are also a mile from the country behind ETH, although they are well ahead of DOGE – a phenomenon that has not yet taken off among many East Asian investors.
Further east, in Japan, data from a Yahoo Japan tool which analyzes Japanese posts on Twitter reveal that almost 9,000 tweets mentioned NFTs in the past 30 days, of which more than 1,000 were posted in the last 24 hours. The sentiment in 66% of the tweets was considered positive, with 34% adopting a more negative tone.
In fact, Twitter in Japanese is positively abuzz with NFT-related posts now, with a recent example of a user echoing feelings expressed by experts in North America and Europe yesterday.
“I Think [itens] related to NFT are really tulip bubbles. But I think the cascading effects of NFTs are going to be absolutely huge. ”
After another record sales day yesterday, the NFT wheel keeps spinning, with a mash-up masterpiece by Homer Simpson-Pepe the Frog sold for a whopping $ 312,000 in ETH, according to an Instagram post from his former owner.
And another celebrity entered the NFT debate with a bold prediction: the influential entrepreneur and investor Gary Vaynerchuk opined that blockchain and NFTs could disrupt the music industry on the same scale as the file-sharing site Napster, a pioneer end-to-end software sharing files from the internet, once. He wrote:
“The shit is about to be super interesting. Technology always presses the medium. ”