NFT Search Volume on Google Peaks at the Start of 2021, AI Continues Steady Growth
The Non-Fungible Token (NFT) market has seen a peak in search volume on Google since the start of 2021 but its popularity appears to be waning while Artificial Intelligence (AI) continues its steady growth trajectory across Japan and beyond - so what does 2023 hold for NTF's? Factors such as increased consumer awareness about their potential uses & benefits along with appropriate government regulation regarding their use & taxation laws associated with profits made from trading them online may determine whether they remain popular or fade away altogether!
Jan. 02, 2023 11:40PM
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A colorful image featuring a computer screen displaying an animated graph showing a peak followed by a decrease in search volume for “NFT” on Google contrasted against steadily increasing search volume for “AI” on Google
The Non-Fungible Token (NFT) market has seen a peak in search volume on Google since the start of 2021. However, this peak is quickly subsiding as the novelty of the technology wears off. On the other hand, Artificial Intelligence (AI) continues to experience steady growth and development in Japan and around the world. As we look ahead to 2023, it is difficult to predict what will happen with NFTs in Japan. Will they continue to be popular or will they fade away? It is too early to tell but there are some indicators that suggest that NFTs may become more widely accepted and used in Japan over time. One indicator is that Japanese companies have started investing heavily into blockchain technology, which is an integral part of how NFTs work. This suggests that these companies are looking towards using NFTs for their own purposes, such as creating digital assets or providing services related to them. Additionally, Japanese banks have also begun offering services related to cryptocurrency and blockchain technology which could further support adoption of NFTs within Japan’s financial system. Another factor contributing to potential future success for NFTs in Japan could be increased awareness among consumers about their potential uses and benefits. With more education about what exactly an NFT is and how it works, people may become more comfortable using them for various purposes such as trading digital art or collecting rare items online. Additionally, if developers create more user-friendly platforms for buying and selling these tokens then this could also help increase adoption rates among consumers who are not already familiar with them. Finally, government regulation could play a role in determining whether or not NFTs become popular within Japan’s economy over time. If regulations are put into place that protect users from fraud or manipulation then this could help make people feel safer when using these tokens for transactions or investments online. Additionally, if tax laws are created specifically for dealing with profits made from trading these tokens then this could encourage even more people to get involved with them since it would provide clarity on how taxes should be paid on any profits made from trading them online. Overall, while it remains unclear what will happen with Non-Fungible Tokens (NFT) within Japan’s economy by 2023 there are several factors which suggest that they may become increasingly popular over time if certain conditions are met such as increased consumer awareness about their potential uses and benefits along with appropriate government regulation regarding their use and taxation laws associated with profits made from trading them online .