Non-fungible tokens, or NFTs, gained significant traction among certain East and Southeast Asian countries in 2021, including Thailand, China and Vietnam, according to the Statista Digital Economy Compass 2022.

As our chart shows, Thailand took the lead as the country with the highest number of NFT users in the world in 2021, with a total of 5.65 million users

Financial experts, however, warn against over relying on NFTs, as there is little basis for their valuation since they are bought and sold based on speculation and hype.

Where Most NFT Users Live