Blockchain and NFT Market Research in Singapore
basic introduction
slightly
Development of mobile Internet
social media
- Facebook users:
355万, of the total population of Singapore60% - Twitter (12.45%)、
- Pinterest (6.62%)
- Instagram (6.26%)
Public Attitudes to Blockchain
https://www.finder.com/sg/nft-statistics
- The number of people who own NFT:
23.9万, accounting for about 1% of the total number4% - 18-34 year olds own
9%at least one NFT
Local blockchain companies and entrepreneurial projects
https://tradingplatforms.com/sg/nft/
- BSC-based decentralized NFT trading platform:
- https://nft.luckyblock.com/
- ETH-based decentralized NFT trading platform:
- https://rarible.com/
The vast majority of blockchain startups and projects in Singapore are global-oriented and will not be limited to Singapore
National policies and regulations
- NFTs can be considered property , Singapore High Court rules
- Singapore currently has no clear laws and regulations to regulate the sale and purchase of NFT
- The Monetary Authority of Singapore (MAS) said it discourages speculative trading of cryptocurrencies by the public and has imposed restrictions on the advertisement of cryptocurrency services in public places.
- Singapore is considering tightening restrictions on cryptocurrency trading for retail investors, the governor of Singapore's central bank said.
- Singapore's central bank believes that cryptocurrency trading is highly risky and not suitable for the general public.