Google Searches for NFTs Surpass Other Crypto-related Terms

Interesting stories of non-fungible tokens (NFTs) selling for millions of dollars have been making rounds across multiple crypto publications. It’s no doubt that interest in the NFT markets has gone up significantly since the beginning of 2021. 

Although the rate of Google searches for other popular cryptocurrency terms has also increased this year – which indicates a growing level of interest in the cryptocurrency industry in general – NFTs have the most searches amongst them.

Google Searches for NFTs Spikes

According to data from Google trends, the search interest for NFTs has surpassed that of Blockchain, Decentralized Finance (DeFi), and Cryptocurrency. 

There was almost no search interest for non-fungible tokens throughout the past year. However, a massive number of people have begun showing interest in the market since the beginning of the year. Interest over time for non-fungible tokens has also reached 100 this week, which represents another peak of popularity for the crypto term, as per Google trends. 

As seen in the chart above, there isn’t any noticeable growth in Google searches for DeFi, an industry with more than US$42 billion in assets. Interest in the market has remained relatively since 2021, and the year before. 

Elon Musk Joins the NFTs Market

The founder of Tesla, Elon Musk, is also interested in the NFT market. On Monday, he posted a techno track about non-fungible tokens on Twitter, which he intends to sell as an NFT. This attracted the likes of Justin Sun, the CEO of Tron blockchain, and Beeple, a popular digital artist, who were offering to buy the techno track NFT for about US$69 million.

In response to Beeple, however, the billionaire said he wanted about 420 million DOGE (about US$25 million)  in exchange for his NFT.