DEXterlab survey: more than 30% of cryptocurrency users will never buy NFTs

In this, statistics show that 24,4% of respondents purchased their first non-fungible token in 2022

22.07.2022 - 16:15

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What’s new? More than 30% of cryptocurrency users will never buy NFTs, a July survey by analytics company DEXterlab showed. The survey results showed that the cryptocurrency community's interest in the technology has declined in 2022 compared to the previous year.

DEXterlab’s research

Details of the study. DEXterlab conducted a survey in the form of a Twitter survey to analyze the popularity of NFTs. 26,6% of respondents indicated that they intend to purchase non-fungible tokens, while 31,7% of respondents said they would never buy them.

17,1% of respondents purchased their first NFT in 2021 or earlier. Despite a significant drop in the number of searches for the keyword “NFT” in 2022, statistics show that 24,4% of respondents purchased their first NFT this year.

As for buying tokens during a bear market, 35,2% responded positively, while 51,6% refrained from investing in the technology during this period. When asked about feeling safe owning NFTs during a downturn in the market, respondents gave a mixed response, with 46,5% feeling comfortable and 53,5%, on the other hand, feeling unsafe.

Although NFTs from the most expensive collections (Bored Ape Yacht Club, Cryptopunks, DeGods) have lost up to 50% of their value, 13,2% of people who took part in the survey believe that investing a large amount in these tokens “is an opportunity rather than a risk.”

Earlier, a survey conducted by Ripple, a payment protocol developer, showed that 76% of financial institutions around the world plan to start using cryptocurrencies in the next three years.

A Paxos survey of 1000 gold owners from the US, UK, Singapore, and Germany found that more than one-third of respondents see bitcoin as a better alternative to precious metal and plan to invest more in it.

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