NFTs in South Africa, 8.3% Own, a Further 9.4% Plan to Buy

NFTs in South Africa, 8.3% own, a further 9.4% plan to buy in the future. This has been shown by a study carried out by Finder.

According to the results of the online survey, 8.3% of the 1,205 South African internet users polled own a non-fungible token (NFT). These findings have led to South Africa being ranked as the country with the world’s 12th highest NFT adoption rate.

In terms of internet users who intend to acquire NFTs in the future, the survey indicated that 9.4% of those questioned in South Africa intend to do so. When this is added to the number of internet users who already own NFTs, South Africa’s NFT adoption rate could quickly reach 17.8%. This proportion is greater than Vietnam’s (17%), which is now ranked fifth in the world.

According to the findings, in percentage, the Philippines has the most NFT owners (32), followed by Thailand (27), Malaysia (24), and the United Arab Emirates (UAE) (23). Nigeria, is the top-ranked African country, rated the sixth in the world, with 13.7 % of the surveyed users admitting ownership of an NFT.

Meanwhile, the results suggest that South African men are more likely than women to own NFTs. 10.5 percent of men own one compared to 6.3 percent of women. This gender difference of 4.2 percent points, according to Finder, is larger than the global average of 2.7 percent.

As expected, younger South Africans dominate, with the youngest age group accounting for over 10% of the country’s NFT owners.

According to the survey, “in South Africa, people aged 18 to 24 are the most likely to have NFTs” (11 percent ). People aged 55 to 64 (5.2 percent) are on the other end of the spectrum.

Globally, only Thailand and Venezuela have more women purchasing NFTs than men, while the UAE has the lowest number of women who possess NFTs.

While many expect worldwide NFT adoption to rise, the survey indicated that internet users in Japan had the least knowledge of NFTs. Approximately 90% of them have no idea what NFTs are. With 83 percent of individuals confused, Germany comes in second, followed by the United Kingdom with 79 percent of people undecided.


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Hassan Barakat
Hassan Barakat
Barakat Temitope Hassan is a competent and dedicated Radiographer who is also interested in Tech, Writing and Medical Research.

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