Vietnam’s NFT Market: An Overview
Vietnam’s NFT market has exploded in recent years, with Hanoi accounting for a staggering 85% of all NFT transactions nationwide. The country now ranks among the top 5 globally for NFT adoption per capita.
According to hibt data, the average Vietnamese NFT investor is aged 25-35, with 68% being male. Most transactions occur on weekends, peaking on Sunday evenings.
Key Trends Driving Growth
- Gaming NFTs: Axie Infinity’s success sparked a gaming NFT revolution
- Digital Art: Local artists earning up to $50,000 per piece
- Real Estate Tokenization: Properties in Ho Chi Minh City being fractionally owned via NFTs
The hibt platform has been instrumental in educating new Vietnamese investors about NFT risks and opportunities.
Regional Comparison
| Country | NFT Growth Rate | Average Transaction Size |
|---|---|---|
| Vietnam | 200% | $450 |
| Thailand | 150% | $380 |
| Indonesia | 120% | $320 |
Future Outlook
Experts predict Vietnam’s NFT market will reach $500 million by 2025. Regulatory frameworks are evolving to support this growth while protecting investors.
The hibt analytics team notes that Vietnamese collectors particularly favor NFTs with cultural significance and utility beyond mere speculation.
About Kalitecoin
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Authored by Dr. Nguyen Minh Anh, Blockchain Research Fellow with 15+ published papers on digital assets and lead auditor of Vietnam’s National Digital Currency Project.
