74% of survey participants say they buy NFTs for status

2 years ago

13% of the survey respondents mentioned that they are buying NFTs hoping to resell them successful the future.

74% of survey participants accidental they bargain NFTs for status

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According to metaverse platform, Metajuice, astir 3 retired of 4 of the nonfungible token (NFT) collectors connected its level acquisition NFTs for status, uniqueness and aesthetics.

While existent NFT income are not arsenic precocious arsenic during the highest successful 2021, the abstraction inactive holds on, with users giving assorted reasons for buying NFTs.

In an announcement sent to Cointelegraph, Metajuice highlighted that their squad surveyed much than 6,000 NFT users to find retired their motivations down their NFT purchases. The survey results showed that among the reasons laid retired by the researchers, lasting retired and wearing the NFTs arsenic their avatar were the apical reasons for NFT purchases.

In addition, 74% of the respondents highlighted that they are into NFTs for the presumption that they give. On the different hand, 13% percent of the survey participants said that they are buying NFTs to resell them successful the future.

One survey subordinate with the username "Flexfactor" said that uniqueness and lasting retired is their crushed for jumping in. They explained:

“I similar the information that it's little apt to tally into radical with the aforesaid items arsenic me. I similar being unsocial and lasting out. With an NFT, erstwhile I spot idiosyncratic other with it, it feels similar solidarity.”

John Burris, the president of Metajuice, said that owning NFTs to show their integer items brings added value. According to Burris, it builds a "communal conception of status-led trends" successful the metaverse. People privation to ain the rights to items that summation their perceived status, and however they look successful the Metaverse arsenic NFTs are a cardinal portion of that,” helium added.

Real Vision CEO and co-founder Raoul Pal besides precocious expressed his content that NFTs volition beryllium performing likewise to high-end properties successful marketplace roar cycles. On Feb. 21, Pal explained successful a YouTube video that owning large collections similar CryptoPunks and Bored Ape Yacht Club (BAYC) has already go presumption symbols wrong the crypto space. The enforcement compared this to owning luxury cars and houses.

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