CoinGecko Releases Report on NFT Usage - Coinleaks
Current Date:November 7, 2024

CoinGecko Releases Report on NFT Usage

CoinGeckoAnd Blockchain Research LabAccording to the survey conducted by NFTThe most important reasons for purchasing were “benefit” and “long-term profitability”.

CoinGeckoAccording to the report of survey participants, 77 percentmore than one NFT’ He stated that while purchasing the product, it is at the forefront to use it for its intended function. With this, 15.7 percent‘ of them are neutral about usage and 6.7 percentif it is NFTstated that they do not think that this is important in the decision-making process before purchasing.

Making Profit Comes First

Survey respondents 76 percent’Slightly more than 20 percent indicated that they plan to sell their purchased NFTs at a higher price, with long-term profit potential being the second most important factor.

NFT The ‘s were sold for huge sums when they first came out, but the market took a big hit with the broader crypto market. However, the NFT market 2030It is expected to reach $230 billion by

Peoples NFTThe third most important reason for their purchase was to join a decentralized autonomous organization (DAO) as a stakeholder, and 72.9 percent were motivated by the opportunity to have a stake in such a project.

Other reasons include interest in technology, community involvement, and a NFT enthusiasm for the work or art work associated with the collection. The most insignificant reason in the survey, 59.5 percentwas to disrupt or change the order.

Overall, all 11 listed causes were rated as having some level of significance rather than neutral or insignificant.

Results, CoinGecko and Blockchain Research Labby December 2022And January 2023It was taken from 343 responses examined in a survey conducted between

Share