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Why NFT adoption is so high in South Korea

Published 03/28/2022, 07:38 PM
Updated 03/28/2022, 09:20 PM

South Korea’s reputation as a trend-setter and leader in technological research is quickly spilling into the blockchain realm as nonfungible token (NFT) adoption has skyrocketed in the small East Asian country.

As of 2020, South Korea has been among the top-10 countries in the world in the Global Innovation Index by the World Intellectual Property Organization. That level of innovation is made apparent to global retail consumers by tech giants such as Samsung (KS:005930) and LG and to gamers through game maker Krafton.

Yoon Seok-yeol’s NFT collection on the Aergo blockchain. Source: CCCV

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