A survey about non-fun ticket (NFT) trends on crypto users revealed that 47% of reporters had heard of NFT, and among these, 63% had only a basic understanding, while 57% had never use.
Survey Reveals That Common Consumer Has Only Basic Understanding of NFT Market
According to research conducted by crypto exchange Crypto.com, surveying 29,574 of its users, collectibles (47%) and games (33%) are the most commonly used NFT types.
Nearly half of respondents, equivalent to 49%, sought financial returns by investing in NFT, the study says. In contrast, the most popular market among respondents is OpenSea, as revealed by 54% of people surveyed.
But the interest in respondents is not limited to NFTs, as the survey shows that a majority of them (74) admitted to having used decentralized (defi) finance products. Furthermore, the study highlighted that most respondents agreed that NFTs “are the next trending topic after DeFi,” and that NFTs “are a useful innovation.”
Speaking to news.Bitcoin.com, Eric Anziani, COO of Crypto.com, commented on the motivations behind the research:
While the crypto world has focused on decentralized finance and Bitcoin all-time highs, non-fun tokens are gaining serious traction in 2020; nearly $ 8M was traded in the NFT market in the past month following steady growth over the past year. However, there is little research into NFTs awareness, how people use them, and roadblocks to adoption.
There is a ‘Significant Room’ for the NFT Market to grow
Anziani said their research involving nearly 30,000 consumers reveals that while almost half had not heard of NFTs, it also notes “a significant market space for growth in 2021 as people begin to see value and usefulness possible NFTs. ”
According to other figures revealed by the survey, 48% of respondents identified symbolizing non-fun real-world assets as the “most beneficial aspect for NFT.” In addition, 61% of respondents raised concerns about the “technology novelty” that had heard of NFT, the research says.
In the latest NFT landscape developments, an artist calling himself ‘Beeple’ raised $ 3.5 million during his latest non-fun ticket art collection auction.
What are your thoughts on the survey findings? Let us know in the comments section below.
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