Latin American NFTs are booming amid the cryptocurrency boom
Latin American citizens have discovered cryptocurrency to be a potent tool for coping with the instability as a result of the rising number of financial and political crises in recent years. Non-fungible tokens (NFT) are currently blooming in the area with the intention of addressing actual issues as opposed to speculating on them.
Millions of Latin Americans are turning to cryptocurrencies as a form of safety due to high inflation, with stablecoins dominating the market. 51% of consumers in the area, according to Mastercard, have conducted at least one cryptocurrency transaction. According to Chainalysis’ 2022 Global Crypto Adoption Index, Brazil, Argentina, Colombia, and Ecuador are among the top 20 nations with the highest crypto adoption rates.
Source
t.me/Nfts_Daily
