Almost 27% of Surveyed NFT Owners have Over 50 NFTs

New research shows that over 75% of crypto holders also have non-fungible tokens (NFTs).

A recent survey found that the majority of non-fungible token (NFT) holders have collections with more than 50 NFTs in them.

The research was conducted by surveying 438 individuals between December 2022 and January 2023.

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Based on the results, 26.5% or 1 in 4 of NFT owners considered themselves “avid collectors,” meaning that they have from 51 to more NFTs in their collection. The findings suggest that these individuals are particularly passionate about the NFT market. The report noted:

This suggests that people rarely stop participating in NFTs after their first one.

On the other hand, the report found that almost 18% of respondents hold from 2 to 5 NFTs in their collections, while less than 5% have only one non-fungible token.

The survey revealed that 38.8% of participants acquired their inaugural NFT during the 2021 bull market. Although the crypto market experienced a bearish trend in 2022, it still saw the second-highest number of new NFT collectors over the past five years, with just over 25% obtaining their first NFT the previous year.

A small fraction of respondents (2.9%) claimed to have purchased their first NFT in 2017, coinciding with the launch of well-known NFT projects like CryptoKitties and CryptoPunks.

On top of that, the research showed that 3 out of 4 crypto investors also own non-fungible tokens (NFTs).

Lastly, the report emphasized the potential for growth in NFT adoption in 2023, pointing to developments such as Bitcoin ordinals, Stamps NFTs, and the emergence of Blur as the top NFT marketplace, overtaking OpenSea.

In an effort to recover its fan base, OpenSea has recently launched a new non-fungible token aggregator dubbed OpenSea Pro. The new platform aims to cater to professional collectors by providing unparalleled optionality, diversity, and control.

by Gile K. – Crypto Analyst, BitDegree

SOURCE: COIN JOURNAL