• According to a survey, 8.3 percent of South Africans own NFTs, and 9.4 percent intend to purchase them

  • According to a study, approximately 8.3 percent of South African internet users polled own NFTs, with a further 9.4 percent planning to acquire such tokens in the future.

    The twelfth-highest rate of NFT adoption

    According to the latest Finder online survey, approximately 8.3 percent of the 1,205 South African internet users polled own a non-fungible token (NFT). These findings are sufficient to place South Africa as the country with the world’s 12th highest NFT adoption rate.

    In terms of internet users who intend to purchase NFTs in the future, the survey found that 9.4 percent of South Africans polled intend to do so. When this is combined with the number of internet users who already own NFTs, South Africa’s NFT adoption could reach 17.8 percent in the near future. This figure is higher than Vietnam’s (17%), which is currently ranked fifth in the world.

    According to the findings, the Philippines (32 percent) currently has the most NFT owners globally, followed by Thailand (27%), Malaysia (24%), and the United Arab Emirates (UAE) (23%). Nigeria, which is ranked sixth in the world, is the highest-ranked African country, with 13.7 percent of polled users confirming ownership of an NFT.

    Men in South Africa have a higher proportion of NFTs.

    Meanwhile, the findings show that South African men are more likely than women to own NFTs, with 10.5 percent of men and 6.3 percent of women owning at least one NFT. This gender gap of 4.2 percentage points, according to Finder, is greater than the global average of 2.7 percent.

    Younger South Africans dominate, as expected, with the youngest age group accounting for more than 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 other end of the spectrum, according to the survey.

    Only Thailand and Venezuela have more women than men purchasing NFTs globally, while the UAE has the fewest women who own NFTs.

    While many expect NFT adoption to grow globally, the survey found that Japan has the least knowledge of NFTs among internet users. Approximately 90% of Japanese users said they had no idea what NFTs were. Germany has the next highest percentage with 83 percent, followed by the United Kingdom with 79 percent.

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