Non-fungible tokens also known as NFTs are skyrocketing and becoming really popular. In detail, they are stored on a digital ledger — blockchain, which makes them secure and immutable. To note, NFTs come in many digital forms such as gaming items, art, music, and more. The real question is what makes NFT special and what determines the price of NFTs?

Famous celebrities have recently launched their NFT collections and many influencers have been known to purchase NFTs for investment purposes. However, some people are still unaware of NFTs. Thus, many are unsure about the future of NFTs. For instance, is it possible to profit from NFTs? Hence, Real Research has published a survey on the future of NFTs as an investment. Here are the results.

Highlights

  • 78.25% have heard of NFTs and over 60% have once owned an NFT
  • Only 6.39% think NFTs don’t bring profits
  • 54.35% believe the NFT industry has a bright future

33.75% Consider NFTs to be a Long-Term Investment

To begin, the survey asks respondents why they purchase NFTs. It seems the future of NFTs is very bright as only 17.97% reveal they have never invested in NFTs. In fact, many famous figures are investing in NFTs.

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Figure 1: More than 30% find NFTs to be a long-term investment

According to the respondents, 33.75% believe NFTs to be a long-term investment. Surprisingly, 8.40% say they buy NFTs because they are huge fans of the creator. Meanwhile, 4.03% say they buy NFTs to meet the newly set up cultural paradigm and 2.13% say they would like to be the owner of a rare collectible.

55.57% Say It Is Possible To Profit From NFTs

Next, the survey asks respondents what makes NFTs special? On this, 32.79% say it comes with a reliable certificate of digital ownership which protects product originality and adds to the value of an NFT.

Likewise, 10.94% say smart contracts can increase the profit for the seller from each sale. Lastly, 6.29% say it is like owning a unique painting and 6.27% say NFTs hold additional data with makes it more diverse than cryptos.

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Figure 2: More than half the respondents think NFTs are special

Respondents Reveal Which Type of NFT Is Most Appealing

Here, 30.80% reveal a preference for digital artwork that includes paintings, gifs, music videos, etc. Following after, 11.97% chose digital collectibles, 10.01% prefer gaming items, 3.73% chose tickets, and 3.59% prefer investing in domain names.

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Figure 3: NFTs as digital artwork is most preferred

To conclude, the survey asks respondents if they believe there is a future for the NFT industry. Here, a total of 55.34% firmly believes that the future of NFTs is bright. This leaves 5.80% who find NFTs to have no future while 39.85% are ‘unsure’.

Methodology

Survey TitlePublic Opinion on future of NFTs
DurationJanuary 04 – January 11, 2022
Number of Participants30,000
DemographicsMales and females, aged 21 to 99
Participating Countries Afghanistan, Algeria, Angola, Argentina, Armenia, Australia, Azerbaijan, Bahrain, Bangladesh, Belarus, Benin, Bolivia, Brazil, Brunei, Bulgaria, Burkina Faso, Cambodia, Cameroon, Canada, Chile, China, China (Hong Kong) China (Macao), China (Taiwan), Colombia, Costa Rica, Croatia, Czech Republic, Ecuador, Egypt, El Salvador, Ethiopia, Finland, France, Gambia, Georgia, Germany, Ghana, Greece, Greanada, Guatemala, Honduras, Hungary, India, Indonesia, Iraq, Ireland, Israel, Italy, Ivory Coast, Japan, Jordan, Kenya, Kuwait, Kyrgyzstan, Latvia, Lebanon, Libya, Lithuania, Malaysia, Maldives, Maluritania, Mexico, Moldova, Mongolia, Morocco, Mozambique, Myanmar [Burma], Namibia, Nepal, Nicaragua, Nigeria, Oman, Pakistan, Palestine, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Sierra Leone, Singapore, Slovakia, South Africa, South Korea, Spain, Sri Lanka, Tanzania, Thailand, Togo, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam, Yemen, Zimbabwe.