HomeTrending NewsNFT adoption remains strong among avid collectors

NFT adoption remains strong among avid collectors

-


Regardless of the decline within the cryptocurrency market in 2022, the adoption of non-fungible tokens didn’t decline considerably, in keeping with a current report.

Nearly all of NFT holders personal 51 or extra NFTs, in keeping with the survey outcomes printed by the crypto knowledge web site CoinGecko and Blockchain Analysis Labs. The respondents who solely possess a solitary NFT constituted the smallest group.

Report reveals resilience of NFT market

The 6 April report analyzed 438 responses collected between December 2022 and January 2023. On the time of the survey, 26.5% of NFT holders recognized themselves as “avid collectors” and owned 51 or extra NFTs.

This group presumably consists of those that are most smitten by NFTs, suggesting that folks hardly ever cease taking part in NFTs after making their first buy.

The subsequent largest group of NFT holders, comprising 17.6%, held between two and 5 NFTs, whereas the smallest group, comprising 4.8%, held just one NFT.

Almost 39% of respondents acquired their first NFT in the course of the first bull market of 2021, in keeping with the survey.

Curiously, regardless of the cryptocurrency market experiencing a bear market in 2022, the yr nonetheless noticed the second-highest inflow of recent NFT collectors over the earlier 5 years, with barely greater than 25 % buying their first NFT.

The report additionally signifies that the event of NFTs may pace up adoption in 2023.

It talked about Bitcoin Ordinals and Stamps in addition to Blur surpassing OpenSea because the main NFT market.

On April 5, OpenSea debuted OpenSea Professional, an NFT market aggregator designed to satisfy the necessities {of professional} customers. OpenSea acquired an NFT aggregator in April 2022, and the platform is a refined variant of this asset.

About Tina

Tina concentrates on all issues associated to NFT and Web3. Tina makes use of social media to identify NFT traits and report distinctive information.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

FTX’s Initial $1.2B Payout Process to Creditors Is Underway

Creditors of the collapsed cryptocurrency alternate FTX with claims beneath $50,000 have began receiving their payouts, which embrace 9% annual curiosity accrued since November...

Sui partners with Talus for AI agent framework

The Sui L1 blockchain is entering into the AI agent meta with a partnership with Talus, which is its personal L1 blockchain utilizing the...

Art Collector Kanbas Reignites Nascent NFT Market, Buys Digital Artwork for $3M

U.S.-based artwork collective Kanbas made the biggest non-fungible token (NFT) buy in three years final week, scooping up a 1-of-1 art work by Sam...

BTC Staking Platform Core Joins Crypto Lender Maple and Custodians BitGo, Copper, Hex Trust

Core Basis, the creator of a yield-bearing bitcoin token, has partnered with institutional lending protocol Maple Finance and custody companies BitGo, Copper and Hex...

Most Popular

spot_img