Tuesday, September 27, 2022
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Google Trends data shows lack of interest by people in Metaverses or NFTs

According to Google Trends, searches for “metaverse” increased from October to December 2021. However, since the start of 2022, search interest has been going down. In March, it was at its lowest point for 2022.

Apart from the keyword “metaverse,” data shows that the global search for “NFT” has begun to fall this year. In Google Trends, users from Turkey have ranked first in the interest-by-region category for the search “metaverse” throughout the past year. The country has surpassed China and Singapore, which are ranked second and third on the list, respectively. Cyprus and Lebanon are the fourth and fifth most populous countries in the world, respectively.

Singapore, on the other hand, has topped the interest-by-region list for the term “NFT” over the previous 12 months. The nation is followed by Hong Kong, China, Canada, and the Philippines.

In December, worldwide search interest in “NFT” overtook “crypto” for the first time. Aside from that, monthly trading volume in the NFT marketplace OpenSea reached a new all-time high in January. As more people search for and trade NFTs, they are getting more attention from people.

The increase of nonfungible tokens (NFT) in 2021 has been ascribed to some of the largest NFT dips in the previous year, as well as celebrities who have begun to sell their own collections. Many personalities, from renowned rappers like Snoop Dogg to marketing professionals like Gary Vaynerchuk, showed interest in NFTs last year.

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Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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