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- Over 50% of respondents pointed out that they have a HODL mindset and expect a future where NFT could be essential items in games.
- As per a report by a data aggregator, NFT space is anticipated to move over a mesmerising amount in upcoming couple of years.
- Majority of NFT space seems to be focused on well liked collections like BAYC (Bored Ape Yacht Club).
Bright Future For NFTs
Although NFTs have been an element of crypto market since 2014, adoption and interest has risen constantly over previous couple of years. At their peak back in August 2021, total sales volume increased more than $5 Billion, flagging off what briefly came to be known as “NFT Summer.”
As per a report by a data aggregator, NFT space is anticipated to move over $800 Billion in next couple of years.
While the majority of NFT market seems to be focused on popular collections like Bored Ape Yacht Club (BAYC) and CryptoPunks, 35.8% of respondents stated that they were interested in NFTs associated with Play to Earn as well as metaverse games, and 25% said they prefer artwork NFTs.
As per the report, metaverse sector is anticipated to move near $800 Billion over coming couple of years, and gaming seems to be most likely the entrance into NFT space.
Users Prefers PC To Mint And Trade NFTs
A data suggests that there are already over 7.1 Billion active mobile devices globally, the PC remains preferred choice to trade and mint NFTs, with 60% of investors doing so. Mobile lags behind with just 21% of responses.
The report pointed out that this can be attributed to simplicity in using a PC to navigate time sensitive NFT trading/minting.
Ethereum stays as the top chain for NFTs amongst respondents at 46.3%, as per the report. Polygon remains at no. 2 with 13.8%, followed by Solana which have 13.5%. Rest smart contract platforms together were responsible for 26.4% NFTs traded by respondents.
When talking about marketplaces, the data affirmed dominance of OpenSea, which holds 58.7% of sales activity. Solanamart comes up on 2nd, having just over 10% of share in market, and LooksRare is accountable for just 4%.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
