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International searches for the word NFT have caught up with the frequency of requests for cryptocurrency, according to Google Trends
Interest in the market for non-fungible tokens (NFT) has caught up with the volume of the crypto market. According to Google Trends, international searches for the word “nft” have caught up with the frequency of “crypto”. The largest peak in NFT was at the end of December 2021.
On a Russian scale, when comparing “nft” and “cryptocurrency”, non-fungible tokens have become the leaders of requests at all.
By region, most of all NFT tokens are of interest in the Oryol region, the Republic of Khakassia and the Ivanovo region. That being said, the rest of Russia, as seen in the chart below, is more interested in cryptocurrencies.
It is noteworthy that back in November 2021, Russians were not very interested in NFT. For example, then the sample took into account requests for bitcoin, cryptocurrencies in general, and NFT. It turned out that since the beginning of the year, NFT requests have never surpassed either Bitcoin or cryptocurrencies.
Until now, most Russians are still trying to understand what NFTs are. This is hinted at by the leaders of search queries like “nft this” and “what is nft”. In the case of bitcoin, the main point of interest was the possibility of buying it on the request “buy bitcoin through the p2p platform”.
At the end of December 2021, the editors reported that Kraken could start issuing loans secured by NFT. According to the head of Kraken, within the framework of the NFT marketplace, users will not only be able to trade and store NFTs, but even use tokens to obtain a loan.
NFT liquidity will be determined using a special program. However, it remains unclear whether it will be possible to get a loan in dollars or only in cryptocurrency. The terms of such loans are also unclear. When the exchange plans to launch an NFT marketplace, the head of the crypto exchange did not elaborate either.
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