South Africans are less likely to own NFTs compared to their global counterparts, according to Finder.com’s Global NFT Adoption report. Nigeria, the most populous country in Africa, is also set to receive a large boost to NFT adoption, with a forecasted adoption rate of 35.4% which will keep it as the NFT capital of Africa. “It’s still very early days for NFTs in South Africa. Just about a third of South Africans currently know what NFTs are and we expect adoption to grow with awareness. Francis noted that NFT adoption is much higher in countries that have a lower average wage of working citizens.

Source: The North Africa Journal November 24, 2021 13:49 UTC