NFTs have proven extremely popular in Central, Southern Asia, and Oceania, accounting for 58% of web traffic going to cryptocurrency services in Q2, according to Chainalysis.
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.
Chainalysis noted that P2E blockchain games are “intimately related” to NFTs, as most P2E games feature in-game items in the form of NFTs that can be sold on marketplaces like MagicEden and OpenSea, thus meaning:CSAO countries include India, Thailand, Vietnam, Australia, Singapore, Philippines and Indonesia, among 25 others, and is home to seven of the top 20 countries in Chainalysis’ crypto adoption index.
"Game-centric blockchain developers Polygon and Immutable X are headquartered in India and Australia, for example, and Axie Infinity and STEPN, the two largest play-to-earn games, are operated in Vietnam and Australia, respectively."for the second year in a row, but the Philippines made a surprise appearance at second after ranking 15th in the last report.
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