September 30, 2022
Twitter Claims NFT Chatter Is Growing in India, But Women Only Participate in 15 Percent

Despite divided opinions, non-fungible tokens (NFTs) have experienced a meteoric rise in 2021. In India alone, Twitter claims that there has been a 3,000 percent increase in NFT conversations within a period of one year, from January 2021 to January 2022. According to Twitter, at least 375 million tweets were sent on NFTs worldwide, but currently, there is a sizable majority of male users. of conversation. Notably, in India, only 15 percent of conversations around NFTs come from female users – a figure the microblogging platform wants to change going forward.

Data shared by Twitter in a press release shows that globally, nearly 40 percent of women have never heard of NFTs, while only 26 percent believe that NFTs can be an attractive investment. Is. It’s worth noting that 25 percent of women surveyed by Twitter also see NFTs as an opportunity to exclusivity and support independent artists.

To support women talking more freely about NFTs, Twitter is launching what it calls “the first global female-led NFT community.” Women in NFT, “The growing interest in NFTs also presents a need to dispel misconceptions and doubts – 22 percent believe that NFTs are only for the wealthy and 15 percent believe that NFTs will devalue the physical arts. Thus, the community’s goal will be to create a safe space for women to share and receive information, build relationships and support each other,” the company said.

Twitter notes that many female NFT artists in India are taking the lead in bringing more fellow women into this growing conversation. The women of Twitter in the NFT community will be led by Akanksha Badaya, a certified graphic designer from Jaipur who is working on a blend of digital and traditional art.

The microblogging platform has also released a list of hashtags that are used amid the conversation around non-fungible tokens on the platform such as #NFT, #NFTs, #NFTgiveaway, #NFTcommunity, #NFTart, #NFTcollector, #BSC, #Metaverse. are being done. #crypto and #eth.

Twitter said in its press release that its “open and conversational nature is enabling women to participate in this growing community of NFTs and be the masters of the conversation,” highlighting that women “are leaning into the conversation.” And ready to #OwnIt.” The #OwnIt Twitter emoji (sparks woven), according to Twitter, “symbolizes weaving of various intersections, and sparks outward from the center as it encourages both individual and collective action from women.”

Cryptocurrency is an unregulated digital currency, is not legal tender and is subject to market risks. The information in this article is not intended to be financial advice, trading advice or any other advice or a recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss arising out of any investment based on any alleged recommendation, forecast or any other information contained in the article.

Leave a Reply

Your email address will not be published.