Home Analysis Crypto community sees advantage in owning NFTs; 52% want to buy via credit cards

Crypto community sees advantage in owning NFTs; 52% want to buy via credit cards

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A majority of respondents to a recent joint report by DappRadar and Alsomine see owning an NFT as an advantage, with just over half prioritizing being able to pay for it using a credit card.

In total, the survey found that 92% of participants said owning an NFT would be beneficial, with 52% citing the ability to buy with a credit card as their top two priorities. report.

Benefits of NFTs

Approximately 65% ​​of participants said they saw a “significant benefit” from owning an NFT, while another 27% said they saw “some benefit”.

When it comes to the tangible benefits of owning an NFT, 31% say they most appreciate their ability to earn and save. The second and his third highest ratings were Asset Ownership and Game and Metaverse Features, at 22% and 19% respectively.

Benefits of NFTs (Source: DappRadar)
Benefits of NFTs (Source: DappRadar)

The NFT’s ability to provide membership and access rights ranked fourth at 18%, but was the most valuable feature among participants with good knowledge of NFTs. On the other hand, acting as a ticket or admission ticket was the most valuable NFT use case among new users.

purchase

When examining customer priorities when purchasing NFTs, the report shows that 52% of survey respondents valued the ability to purchase with a credit card.

Consumer Preferences When Purchasing NFTs (Source: DappRadar)
Consumer Preferences When Purchasing NFTs (Source: DappRadar)

About 38% of the 52% are users who own a digital wallet or have previously purchased cryptocurrencies. Additionally, women were more likely to pay with a credit card when purchasing her NFTs.

NFT market persists

The figures show that on-chain NFT trading volume will reach $24.7 billion by the end of 2022, down slightly from $25.1 billion in 2021. The size of this drop reflects the resilience of the NFT market to the coldest winter in cryptocurrency history.

Additionally, the number of unique trades in 2022 recorded a 19.75% increase, reaching 6.9 million at the end of the year. NFT sales also increased by 67% to 107 million.

Posted In: Analysis, NFT
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