Home Crypto News 74% of survey individuals say they purchase NFTs for standing

74% of survey individuals say they purchase NFTs for standing

by Cryptoroz

Based on metaverse platform, Metajuice, virtually three out of 4 of the nonfungible token (NFT) collectors on its platform buy NFTs for standing, uniqueness and aesthetics.

Whereas present NFT gross sales are usually not as excessive as throughout the peak in 2021, the area nonetheless holds on, with customers giving varied causes for purchasing NFTs.

High 10 blockchains by NFT gross sales within the final 24 hours. Supply: Cryptoslam

In an announcement despatched to Cointelegraph, Metajuice highlighted that their crew surveyed over 6,000 NFT customers to find the motivations behind NFT purchases. The survey outcomes confirmed that among the many causes laid out by the researchers, standing out and carrying the NFTs as their avatar have been the highest causes for NFT purchases.

As well as, 74% of the respondents highlighted that they’re all in favour of NFTs for the standing that they offer. Alternatively, 13% p.c of the survey individuals stated that they’re shopping for NFTs to resell them sooner or later.

One survey participant with the username “Flexfactor” stated that uniqueness and standing out are causes for leaping in. They defined:

“I like the truth that it’s much less more likely to run into folks with the identical objects as me. I like being distinctive and standing out. With an NFT, once I see another person with it, it seems like solidarity.”

John Burris, the president of Metajuice, stated that proudly owning NFTs to show their digital objects brings added worth. Based on Burris, it builds a “communal notion of status-led traits” within the metaverse. Folks wish to personal the rights to objects that enhance their perceived standing, and the way they seem within the metaverse as NFTs are a key a part of that,” he added. 

Associated: Emojis depend as monetary recommendation and have authorized penalties, choose guidelines

Actual Imaginative and prescient CEO and co-founder Raoul Pal additionally not too long ago expressed his perception that NFTs will carry out equally to high-end properties in market growth cycles. On Feb. 21, Pal defined in a YouTube video that proudly owning main collections like CryptoPunks and Bored Ape Yacht Membership has already turn out to be a standing image throughout the crypto area. The manager in contrast this to proudly owning luxurious vehicles and homes.

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