Survey reveals most people buy NFTs ‘to make money’

A survey from DEXterlab revealed that astir NFT investors are successful it for the money.

According to the study, implicit 64% of NFT investors accidental they purchased an NFT “to marque money.”

Per the report, NFT investments tin bring investors nett erstwhile they marque the close acquisition decisions. An illustration is the Blocksmith Labs collections which would person brought an capitalist a 26x nett wrong 3 months.

Source: DEXTERlab

The survey continued that the 2nd crushed astir investors heap into the abstraction is to person a consciousness of societal belonging by belonging to a assemblage and the “flex” of owning definite NFTs.

According to the report, investments successful definite projects tin beryllium tied to their beardown community. The study utilized Bored Apes arsenic an illustration and said:

BAYC holders tin entree further NFT collectibles escaped of complaint oregon be exclusive events.

Only 12.4% of respondents are Digital Art collectors who get these items to keep. The remaining 8.6% of NFT investors bargain the assets for games-related purposes similar having in-game entree to peculiar features and tools.

Meanwhile, an mean capitalist is consenting to walk betwixt $50-$500 connected an asset. 

25.5% of radical who participated successful the poll, (are) paying much than $2,000 USD for a azygous NFT.

Most NFT investors yet to marque a profit

While astir NFT investors accidental they are successful to marque money, astir of them are yet to nett from their investments successful the space.

According to the report, astir 58% of NFT investors are yet to nett from the space. On the different hand, the remaining 42% assertion their concern successful NFTs has brought them a sizable return.

For context, investments successful escaped mint NFT projects similar Goblintown.wtf would person brought successful implicit 200% nett for investors wrong the past 30 days. 

However, individuals who mightiness person piled into blue-chip collections wrong the aforesaid clip framework mightiness beryllium astatine a nonaccomplishment due to the fact that the floor terms of astir collections precocious dropped due to the fact that of the wide marketplace downturn successful the crypto industry.

The station Survey reveals astir radical bargain NFTs ‘to marque money’ appeared archetypal connected CryptoSlate.