Over 75% of crypto holders hold NFTs
Three out of four people said they owned non-fungible tokens (NFTs), a recent survey by Coin Gecko revealed.
In contrast to the 75.8% who said they owned NFTs, 21.7% had not and owned NFTs before, according to the CoinGecko survey.
The study included 438 respondents and was held between December 2022 and January 2023. Only a small percentage of participants (2.5%) said they had NFTs in the past, but they sold them all.
Unfortunately, the report does not include the reasoning behind the investors’ decisions. Thus, it is unknown whether the 21.7% who have never had NFTs are genuinely opposed to the concept of NFTs or could not get the chance to invest in a project they resonated with.
NFT portfolios
Although not interested in the reasoning, the survey examines the size of investors’ NFT portfolios.
According to the figures, 26.5% of investors who said they had NFTs are avid collectors who own more than 50 NFTs. The report notes that this group is likely to include investors who are most enthusiastic about NFTs or traders who flip NFTs.
The second largest percentage is reserved by the group that said they owned between two and five NFTs. Investors who owned between 11 and 20 NFTs followed as the third largest group, at 9.6%.
The smallest amount, at 4.8%, said they only owned one NFT. The report said that people who stopped participating in NFT trading were likely to have between two to five NFTs, suggesting that investors rarely stopped participating in NFT trading after their first.
48% call for regulations
Another CoinGecko survey took a deep dive into investor sentiment about the risks of NFTs and regulatory rules regarding NFTs.
The second report revealed that only 48% of participants wanted more regulatory oversight in the NFT sphere. Only 18.7% of the entire group were definitely sure that they wanted more regulatory oversight.
The proportion of participants who agreed that the NFT space needed more rules was calculated to be the same as those who did not have a strong opinion, which was almost 30%. Meanwhile, 22.4% of participants said they did not think the NFT space needed more regulatory oversight, while 12.2% felt very strongly about it.
It’s worth mentioning that while the crowd asking for more regulatory oversight made up a more significant percentage, those who felt strongly about it were in the minority. On the other hand, participants who strongly opposed more regulatory oversight within the NFT area made up the majority of the group who agreed.
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