Thread by @TechboyAshish

See what's trending in 2022 - India.

NFT in Google Trends
Lets Explore 🧵

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"What is NFT" is the top 3rd search in the category.

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NFTs or non-fungible tokens, have gained popularity in recent years,

NFTs are unique digital assets representing ownership of a specific piece of art, collectable, etc. These tokens are stored on blockchain technology, which ensures their authenticity and scarcity.

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NFTs provide creators with a way to monetize their digital work.

NFTs are unique and cannot be replicated. This has made them particularly useful for digital artwork and collectables trade.

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The NFT trend was at the top during Jan- Feb 2022, and now it's faded away in the bear market or this #cryptowinter

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Currently, the NFTs trend is almost at its all-time low same as the cryptocurrency market.

The global crypto market cap is $841.79B now. At its all-time high, Cryptocurrencies hit a market cap of $3 trillion.

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It's clear that the adoption and awareness are growing in India at a rapid phase. Crypto and Blockchain companies like @0xPolygon - Matic and @CoinDCX have given the boost.

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It's exciting to see NFT and cryptocurrencies gaining popularity and recognition in India. It's a valuable tool that can help creators and artists protect and monetize their work, and it has the potential to open up new avenues for creativity and expression.

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https://twitter.com/TechboyAshish/status/1600888171482337282?s=20&t=m0he5QjB1_u06tB1Ykgvsw