NFT may be the biggest driver of crypto investment in Central, South Asia, and Oceania (SWAC), according to a new report. NFT-related stocks accounted for 58% of all web traffic to cryptocurrency services.
Chainalysis said that P2E blockchain games are “closely tied” to NFT. And many P2E games offer games in NFT format. These can be sold on markets such as MagicEden and OpenSea.
NFTs are probably the most up-and-coming cryptocurrency in CSAO today. SWAC countries are home to the seventh of the top 20 countries in Chainalysis’ Crypto Adoption Index.