26% Of Crypto Buyers In Japan Tried Out NFTs: Survey

At least one out of 4 cryptocurrency buyers in Japan had an expertise of holding nonfungible tokens (NFTs), in response to a brand new survey.

Major Japanese crypto alternate BitBank carried out a web-based survey diving into the NFT funding traits within the Japanese cryptocurrency market.

Releasing the survey outcomes on Nov. 25, BitBank mentioned that it polled 2,061 cryptocurrency customers inside a interval from Oct. 26 to Nov. 1, 2021. The respondents included shoppers of BitBank in addition to crypto holders polled randomly through Twitter, a spokesperson for the agency instructed Cointelegraph.

The survey outcomes recommend that as many as 26% of Japanese crypto buyers have tried out holding NFTs to date, with a majority of NFT buyers being represented by youthful generations aged between 20 and 40.

For most respondents, the principle purpose for holding NFTs is much like investing in cryptocurrencies like Bitcoin (BTC), which is to maintain them in the long run. According to BitBank, as many as 60% of respondents mentioned that they see their NFTs as a long-term funding.

According to survey outcomes, 39% of the surveys NFT holders indicated that they’ve by no means bought their NFTs and will not be positive of their worth, whereas greater than 22% of respondents haven’t bought their NFTs however have been conscious of their worth. Another 19% of respondents mentioned that they benefited from promoting NFTs.

The report additionally notes that artwork has remained the principle theme for NFTs within the Japanese crypto market, adopted by video games, metaverse, leisure and sports activities.

The NFT trade has been rising more and more fashionable in Japan, with the native crypto alternate Coincheck launching its personal NFT market in March 2021.

As Japan is globally famend for its influential popular culture, together with anime and manga, many consider that the nation has nice potential to drive the NFT motion ahead. Earlier this yr, early crypto evangelist, Mai Fujimoto, often known as Miss Bitcoin, partnered with blockchain gaming ecosystem Enjin to launch an NFT charity challenge in Japan.

26% Of Crypto Buyers In Japan Tried Out NFTs: Survey

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