NFT Surpasses Litecoin, BCH and XRP in Google Search Popularity

NFT Surpasses Litecoin, BCH and XRP in Google Search Popularity

The non-funkible token (NFT) hype is very real-the popularity of digital art, music, comics, etc. is now threatening the popularity of some of the world’s largest crypto assets.

 

According to Google’s data, NFT-related searches are now more popular than altcoin’s heavyweight companies LTC, BCH, and Ripple’s XRP. NFT-related searches peaked at the end of February and remained high in the first few days of this month.

 

NFTs still have a long way to go before they can catch up with bitcoin and ethereum

However, NFTs still have a long way to go before they can catch up with bitcoin and ethereum, even though they are making progress. Google’s data shows that BTC still dominates.

 

They are also far behind cardano (ADA) and binance coin (BNB), but Google Trends shows that NFT-related searches have made progress on both tokens.

 

But NFT is on par with this year’s breakthrough token dogecoin (DOGE), which is also Google’s token, partly because DOGE’s interest has dropped sharply since the end of January.

 

The allegations against NFT began in February. Google’s statistics show that from around February 11 to the end of this month, the popularity of NFT on (search) has risen sharply.

 

 

NFT-related Google searches have increased by 99%

The data from East Asia seem to be interrelated. According to data from Naver, South Korea’s largest search engine, since 2020, NFT-related searches have increased by 99%.

In the past three months, people’s interest in NFT has also seen a similar surge.

 

However, statistics show that compared with BTC, NFT has not yet started in South Korea. They are also behind ETH by a long distance, although they are far ahead of DOGE, a phenomenon that has not yet appeared among many East Asian investors.

Google Search trends regarding crypto-currency

In eastern Japan, data provided by a tool that analyzes Japanese Twitter posts by Yahoo Japan shows that in the past 30 days, nearly 9,000 tweets mentioned NFT, of which more than 1,000 were posted in the past 24 hours. . 66% of the content is considered positive, and 34% are considered negative.

 

In fact, Twitter’s Japanese section is currently full of NFT-related posts, and a user’s recent content echoes the views expressed by experts in North America and Europe yesterday.

 

Azarashibae wrote, “I think the (items) related to NFT are really a tulip bubble. But I think the chain reaction that NFT will have is definitely huge.”

 

Yesterday was another record-breaking day in sales. The wheels of the NFT were constantly turning.

According to the previous owner’s Instagram post, a Homer Simpson Pepe’s “Frog Mashup” artwork was sold at an impressive price. A shocking $312,000.

 

And another celebrity boldly predicted to get involved in the NFT debate: influential entrepreneur and investor Gary Vaynerchuk (Gary Vaynerchuk) believes that blockchain and NFTs may be combined with the file-sharing site Napster (a kind of pioneering It’s disrupting the music industry on the same scale as the Internet software for peer-to-peer file sharing.

He wrote, “Shit is going to be super fun. Technology always squeezes in the middle.”

 

 

Someone gave 300 Ethereum to buy the “Rainbow Cat” digital artwork, about $600,000

IT House News on February 21 Yesterday, a special NFT (Non-Fungible Token) digital artwork has been auctioned off. The artwork comes from the animation “Nyan Cat(“) made by Chris Torres based on his pet. Rainbow Cat)”.

In the end, someone bid 300 Ethereum (the cryptocurrency running on the Ethereum blockchain) and won the auction of the Digital Market Foundation, with a total value of approximately $600,000.

IT Home learned that “Nyan Cat (Rainbow Cat)” was uploaded to YouTube in 2011 and instantly became popular all over the Internet. Chris Torres remastered the one-to-one HD version for this sale.

The full English name of NFT is Non-Fungible Token, which is translated in Chinese as: non-fungible token, which is indivisible, irreplaceable, and unique.

 

The future of the Memetic Economy

Chris Torres stated that the auction opened the door to the future of the memetic economy in the cryptocurrency universe. Thank you for believing in Nyan Cat for many years. It is hoped that this will inspire future artists to enter the NFT universe so that their works can be properly recognized.

 

Brave announced that it has implemented the purchase support function for NFT encrypted assets in the browser

Brave, the next-generation browser, announced that it has implemented the purchase support function for NFT (non-fungible token) encrypted assets in the browser.

Brave

Introduced Brave Swag Store, Brave’s official store, where users can directly purchase NFT tokens, such as digital collections.

Brave’s store sells items such as clothing products and stickers with the “Brave” logo. The online shopping platform uses the underlying technology of the blockchain platform Origin Protocol.

Regarding NFT, more than 30 types of tokens and limited-edition stickers will be issued as digital versions and physical objects. Users can use BAT or ETH to make purchases.

There are also signs of NFT prosperity in the encryption field. For example, many collectible tokens, such as NBA Top Shot, Hash Mask, Uni Socks, etc., are traded at high prices, and the historic auction house “Christie’s” announced that it will hold a digital art auction (NFT) by digital artists Created by Beeple (Mike Winkelmann).

U.S. cryptocurrency exchange Coinbase Global, Inc. plans to go public

Nigeria and Southeast Asia lead global cryptocurrency adoption in 2020

U.S. popular investment app Robin hood provides virtual currency spot services.

 

Developers supported by Ripple released a proposal to introduce Red-Hot NFT to XRP Ledger

Wietse Wind, the founder of XRPL Labs, a development studio backed by Ripple, announced plans to add non-fungible tokens (NFT) to the #XRP# ledger.

XRP
In a new tweet, Wind caught the attention of XRPL developers to share their thoughts on how to introduce the increasingly popular unique digital assets to XRP Ledger.

NFT has unique encryption properties, so no two are the same. Therefore, it is possible to verify the ownership and scarcity of digital goods such as collectibles, artworks, and virtual land parcels.

 

Irreplaceable nature of NFT makes it different from other encrypted assets

Wind pointed out that the irreplaceable nature of NFT makes it different from other encrypted assets such as XRP that can be divided and copied.

Wietse Wind also emphasized that NFT transactions on the XRP ledger will be different from NFT transactions on other blockchains such as Ethereum. He said that if a user opts in through a TrustSet transaction that lists the issuer’s account and the token code to be trusted by signing, he can only receive specific tokens from other users.

With growing interest in the rapidly expanding NFT space, Wind made his suggestion. Recently, YouTube star Logan Paul (Logan Paul) released his own NFT artwork and sold digital products worth more than $3.5 million in less than 24 hours.

 

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest

Leave a Comment

Your email address will not be published. Required fields are marked *