India is a country with a population that has a vested interest in anything tech. With NFTs experiencing an unprecedented boom in 2021, it was inevitable that India, too, would be quick to jump on the bandwagon and see what they had to offer. With 11 NFT companies, the country is emerging as a leader in the NFT world. Indian crypto enthusiasts, too, have been eager to invest in the up-and-coming NFT sector.

So how did India come to be a major player in the NFT world? Read on to find out.

 India and the NFT World

Ever since celebrities in the movie and cricket worlds introduced their NFT lines, Indians have been interested in all that NFTs promise. These NFT trading platforms provided memorabilia as well as a solid opportunity for investment - both of which seem to have been incredibly lucrative for the Indian population. While art NFTs are still not that big a draw in the country, NFT games have a base of active users who are enthused about both the gameplay and the play-to-earn model. 

However, the lack of knowledge about NFTs and their potential may deter people from actively investing in them. Addressing this gap could, perhaps, lead to India being more firmly entrenched in the NFT world. 

Final Thoughts

As of now, gaming, collectibles, finance, and social networks are the biggest applications of NFTs in India. With young India becoming more inclined to invest, NFTs may soon witness another bout of growth in the coming years.