Google Searches For Nfts Spike To Record Highs
November 18, 2022 ⚊ 1 Min read ⚊ Views 107 ⚊ BUSINESS
Non-Fungible Tokens (NFTs) have seen a spike in interest. According to Google’s keyword search data, traffic for NFTs have surpassed many of the top 10 crypto assets. Google Trends shows a substantial increase in interest in NFTs in June search volume had dropped by 75%, but interest began to rise once again in July, and by the end of October, the bubble had soared to new highs.
A look at Google Trends will show that Asian countries are now dominating NFT search traffic with many east Asian countries at the top of the search ranks for the topic.
There was a spike in searches for ‘NFT’ on China’s internet between September 5 and 11. Tencent’s Huanhe NFT trading platform and Alibaba’s NFT licensing marketplace both launched in the same month leading up to the rise in NFT trading activity. China’s Communist Party produced a series of remarks criticising NFTs via the People’s Daily on September 10, possibly causing the search traffic to slow.
