NFTs ‘biggest on-ramp’ to crypto in Central, Southern Asia and Oceania — report

Nonfungible tokens (NFTs) may be the biggest driver of crypto adoption in Central, Southern Asia, and Oceania (CSAO), a new report has found.

According to a Sept. 21 Chainalysis post titled “Crypto Adoption Steadies in South Asia, Soars in the Southeast,” NFT-related actions accounted for 58% of all web traffic going to cryptocurrency services from this region in the second quarter of 2022.

Web traffic heatmap in Central, Southern Asia and Oceania regions. Source: Chainalysis

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