Major cryptocurrency exchange Crypto.com has recently carried out a survey on non-fungible tokens (NFTs) to its crypto users. The results portray a very positive outlook for the future growth of the NFT space.
The survey revealed, at present, the common user only has a basic understanding of the NFT market. 47% of correspondents had only heard of NFTs, and including these, 63% only had a basic understand of NFTs. 57% of correspondents had never used NFTs in anyway.
Crypto.com received a total of 29,574 responses from the survey carried out. The most common uses of NFTs from the responses were collectibles at 47% and gaming at 33%. Almost half of the respondents 49%, were interested in financial gain through investing in NFTs.
A large majority of respondents, corresponding to 74%, were familiar with having used decentralised finance (DeFi) products. More significantly, the survey highlighted that most respondents acknowledged that NFTs “are the next trending topic after DeFi,” and that NFTs “are a useful innovation”.
Eric Anziani (COO of Crypto.com) stated that “non-fungible tokens have quietly gained serious traction in 2020, nearly $8M was traded in the NFT market in the past month” despite there being limited awareness from respondents and how people will begin to use NFTs in future.