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.
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.
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.
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 Title | Public Opinion on future of NFTs |
Duration | January 04 – January 11, 2022 |
Number of Participants | 30,000 |
Demographics | Males 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. |
RR Author
Real Research News is the media platform that presents insights and studies of wide-range of topics. It focuses on insights gathered from its survey app.