8.3% of Polled South Africans Own NFTs, a Further 9.4% Plan to Buy: Study

According to research, 8.3 percent of South African internet users possess NFTs, with another 9.4 percent saying they aim to buy them in the future.

The twelfth-highest rate of NFT adoption

According to the results of the most recent Finder online survey, 8.3% of the 1,205 South African internet users polled hold a non-fungible token (NFT). These findings have led to South Africa is listed as the country with the world’s 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 in the world.

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

Men in South Africa have a higher number of NFTs than women.
Meanwhile, the statistics suggest that South African males are more likely than women to own NFTs, with 10.5 percent of men owning one compared to 6.3 percent of women. This gender difference of 4.2 percentage points, according to Finder, is larger than the global average of 2.7 percent.

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Younger South Africans, as predicted, dominate, with the youngest age group accounting for over 10% of the country’s NFT owners.

“In South Africa, people aged 18 to 24 are the most likely to have NFTs” (11 percent ). People aged 55 to 64 (5.2 percent) are on the opposite end of the spectrum, according to the poll.

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 expect 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 of people undecided.