Despite ranking as one of the highest adopters of cryptocurrency among emerging markets, most of the Indian market is yet to embrace nonfungible tokens (NFTs). According to Totality Corp Founder and CEO Anshul Rustaggi, social and cultural barriers and anti-crypto regulations are holding back NFTs from mass adoption, particularly in some lower-tier cities in the country. He also asserted that crypto trading and NFT collection are seen as speculative investments in India.