Study Shows the United States Is Home to 41% of the NFT Companies Worldwide
According to a study called “A World of NFT Adoption” published by nftclub.com, the United States has the most non-fungible token (NFT) company headquarters in the world. While the U.S. captures more than 41% of the NFT...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to a study called “A World of NFT Adoption” published by nftclub.com, the United States has the most non-fungible token (NFT) company headquarters in the world. While the U.S. captures more than 41% of the NFT companies worldwide, the second largest number of NFT startup locations stems from Singapore, as the country hosts over 10% in the region.
91 NFT Companies Reside in the US, Singapore Follows With 24 Startups, Taiwan Leads the World in Terms of NFT Interest
NFT Club published a research report that analyzes Google searches related to non-fungible tokens and the quantity of NFT companies worldwide. The study shows the country with the most interest in NFTs, according to NFT-related Google queries per 100,000 people. According to NFT Club’s statistics, Taiwan leads the world with 2,300,330 searches and a population of around 23,888,595 residents.
“Using Google search data, we were able to identify which countries make the most NFT-related searches,” NFT Club’s study notes. “We looked at a range of common NFT search queries and found their total volumes over the last year for 50 different countries in order to reveal the place where people are the most interested in non-fungible tokens.”
NFT searches are also popular in Australia, as the country holds the second-largest position in terms of interest. The number of NFT searches down under clocked in at 2,137,060 queries among a population of around 26,068,792 citizens. While Taiwan and Australia captured the top two positions in terms of NFT interest by country per 100,000 people, Canada, Iceland, and New Zealand follow.
NFT Club’s research also details that the United States is home to the highest-funded NFT company, Forte Labs, and the second-highest funded startup, Sorare, stems from France. The U.S. leads in terms of the most NFT companies worldwide with 91 firms recorded, which shows the U.S. is home to 41.55% of all the NFT startups. Singapore has 24 NFT companies located in the country, which equates to 10.96% of all the NFT startups globally.
India today has the third-largest number of NFT companies located in the country, with 11 businesses total or 5.02% of the global aggregate. India is followed by Canada, Australia, Japan, and the United Kingdom, respectively. In addition to leading with the most NFT firms, the U.S. hosts five of the ten highest-funded NFT companies. The list of U.S.-based NFT firms includes Forte Labs, Opensea, Fancraze, Genies, and Pixel Vault, with a combined $1.6 billion in funding raised.
What do you think about NFT Club’s recent study? Let us know what you think about this subject in the comments section below.
Why this matters
This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
New Bitcoin study shows the strongest recurring liquidation warning signs cannot warn of an individual crash
A new arXiv preprint studying seven major Bitcoin crashes found the warning signal shifting among price, leverage, and order flow...
US Closes in on Iran’s Strait of Hormuz Bitcoin Insurance Policy, Sanctions Companies
Bitcoin Magazine US Closes in on Iran’s Strait of Hormuz Bitcoin Insurance Policy, Sanctions Companies Iran has been dodging sanct...
CleanCore’s $800M AI Contract Shows Dogecoin Treasury Firms Are Changing Shape
CleanCore Solutions has signed a 10-year colocation agreement with Cerebras Systems valued at $800 million, and the story is not j...
How thin weekend Bitcoin liquidity turns minor geopolitical news into massive Monday price gaps for ETF holders
An investor who owns Bitcoin through a brokerage account can finish work on Friday, check the closing price of a spot ETF, and ass...
Coinbase spent 5 years building a life raft away from Bitcoin and still managed to lose $359M
Coinbase told investors on Thursday that 88% of its second-quarter net revenue came from something other than Bitcoin spot trading...
Ethereum Turns 11 With $148B Stablecoin Base But Cooler Mainnet Fees
Ethereum has turned 11, and the network’s birthday arrives with a very Ethereum-style contradiction: it is still one of the most i...