The crypto community sees benefits in owning NFTs; 52% want to buy via credit card
The vast majority of respondents in DappRadar’s recent survey report believe that it is beneficial to own an NFT, while just over half prioritize being able to pay for NFTs with a credit card.
Overall, 92% of participants said they saw a benefit to owning an NFT, while 52% ranked “being able to buy with a credit card” among their top two priorities, according to the survey report.
Advantages of NFTs
Around 65% of participants said they saw a “major benefit” in owning an NFT, while another 27% responded with “some benefit”.
When it comes to the specific benefits of owning an NFT, 31% said they valued the NFT’s ability to earn and save money the most. Asset ownership and Gaming & Metaverse features were second and third most valued, at 22% and 19% respectively.
Although NFT’s ability to provide membership and access privileges was ranked fourth at 18%, it was the most valued feature among participants with proficient knowledge of NFT. Acting as a ticket or access card, on the other hand, was the most valuable NFT use case among new users.
Purchasing
While examining customers’ priorities when purchasing NFTs, the report shows that 52% of respondents valued being able to purchase by credit card.
About 38% of the 52% are experienced users who own a digital wallet or have bought crypto before. In addition, women appeared more likely to pay by credit card when purchasing NFTs.
The NFT market persists
According to the figures, NFT trading volume on the chain was $24.7 billion at the end of 2022, marking a slight decrease from 2021’s $25.1 billion. The magnitude of this drop reflects the resilience of the NFT market to the coldest winter in crypto history.
In addition, the number of unique trades recorded a 19.75% increase in 2022, reaching 6.9 million by the end of the year. NFT sales also increased by 67% to 107 million.
Disclaimer: Our authors’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Do your own due diligence before taking any action related to the content of this article. Finally, CryptoSlate takes no responsibility if you lose money trading cryptocurrencies.
