SAWT BEIRUT INTERNATIONAL

| 30 November 2021, Tuesday |

NFT ownership in the UAE is double the global average: Survey

According to a survey of 28,000 people conducted by finder.com, the percentage of people in the United Arab Emirates who own a non-fungible token (NFT) is more than double the global average.

According to the survey, which polled 1,004 people in the UAE, 23% of people own at least one NFT.

The global average rate of NFT ownership was found to be 11.7 percent.

The UAE was ranked fourth on the list, trailing the Philippines (32%), Thailand (27%), and Malaysia (24 percent).

NFT ownership was found to be higher in lower-income countries, with the UAE being an outlier.

The United States was ranked second-to-last on the list, with only 2.8 percent of Americans owning NFTs.

Almost half (43 percent) of those polled in the UAE were aware of NFTs, and 11.5 percent intended to purchase them in the future.

With the exception of Thailand and Venezuela, men were more likely than women to own NFTs in the majority of countries surveyed.

NFTs are digital assets that are linked to public blockchain ledgers to prove their scarcity and inability to be replicated.

Several NFT marketplaces list a variety of digital items for sale, ranging from photographs and artwork to video game items.

In March, a digital artwork titled Every Day – The First 5,000 Days by an artist named Beeple sold for $69.3 million at a Christie’s auction, making it one of the most expensive NFT sales at the time.