The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
NFTs are still the hot topic of 2022, with global searches for ‘NFT’ increasing over 900% in the last 12 months alone.
But what are the most popular global cities to feature on NFTs?
To find out, BrokerChooser, analysed NFT related searches for over 400 major cities across the globe to reveal the cities most sought after by NFT collectors.
The top 10 NFT cities:
Rank
City, Country
NFT searches
1
New York City, United States
140,450
2
Singapore, Singapore
6,850
3
London, United Kingdom
6,720
4
Monaco, Monaco
5,190
5
Barcelona, Spain
3,870
6
Dubai, United Arab Emirates
3,200
7
Miami, United States
2,750
8
Hong Kong, Hong Kong
2,590
9
Paris, France
2,250
10
Liverpool
2,000
New York City is by far the most popular NFT city, receiving more searches than all the other cities in the study combined!
On the other end of the scale, Detroit, USA was one of the least sought after NFT cities coming in 50th place coming in 50th place with 90 searches. Just ahead of this were Huston, USA and Melbourne, Australia both with 100 searches.
Tamás Müller crypto expert from BrokerChooser, commented:
“NFTs have made a huge impact on finance and investing since they appeared on the scene back as early as 2015. They have also made a significant impact on the art and photography industry, with many people switching to NFTs as the new form of art investment. We have now even seen world-renowned artists such as Damien Hirst entering the NFT space, with his “The Currency” collection of 10,000 NFTs, each with its own unique artwork.
NFTs have definitely provided the opportunity to achieve a great return on investment, for example, The Board Yacht Ape Club minted at $189 and now sells for up to $2.9million. However, one of the big issues on the NFT scene right now is the decreasing demand and interest after the hype is cooling off, while supply is still high. But this could be normal volatility in such a new and developing market.”
