With the growing popularity of non-fungible tokens (NFTs), the question is whether it’s worth investing tens of thousands or even millions of dollars in what everyone has for free on the Internet.
The underlying technology of NFTs makes NFTs a kind of product that allows users to make financial profits.
In fact, according to the results of a new survey published and conducted on June 10th. DEXterlab64.3% of the 1,318 polls say that the main reason for buying an NFT is to make money.
According to polls, the second most common reason consumers buy NFTs is to participate in the community and be flexible. For 14.7% of survey respondents, this is the main reason for getting a particular NFT.
Digital art collectors make up 12.4% of all voting participants, and 8.6% of individuals buy NFTs for access to games and tools. Usually purchased in the form of membership rights with access to the artist’s projects, perks and everything else. Tools to everything else.
NFT as an investment
As the name implies, non-substitutable tokens cannot trade themselves in the same way as cryptocurrencies. Both interest and demand are driven by their unique qualities and varying degrees of shortage. Of course, these factors also affect the value of the item.
For this reason, NFTs can be seen as an investment that can generate rewards later if they fully understand the value of a particular digital asset and make the right purchase choices.
The main reason individuals buy NFTs is to make money, but the majority of NFT holders who participated in the survey claimed that 58.3% of respondents said that NFTs haven’t made much money so far.
However, 41.7% of respondents said they were able to benefit from previously purchased NFTs.
It’s true that many don’t yet understand the value of non-fungible tokens and don’t think they need to invest, but in 2022 global NFT trading volume will exceed 200% to 50 billion. There is a demand to exceed the dollar.
Disclaimer: The content on this site should not be considered investment advice. The investment is speculative. When you invest, your capital is at stake.