In a recent joint report by DappRadar and Alsmine, the vast majority of respondents considered owning an NFT to be an advantage, while more than half preferred to be able to pay for NFTs with a credit card in some way.
According to the survey report, a total of 92% of participants said they found owning NFTs beneficial, while 52% listed “can be purchased with a credit card” as their top two priorities.
Advantages of NFTs
Some 65% of participants said they believed there were “great advantages” to owning an NFT, while another 27% answered “some advantages.”
Regarding the specific benefits of owning NFTs, 31% said they most appreciate the ability of NFTs to make and save money. Property Ownership and Game & Metaverse functions ranked second and third, with 22% and 19% respectively.
Benefits of NFTs. Source: DappRadar
While the ability of NFTs to provide membership and access comes in fourth at 18%, this is the feature most appreciated by participants with a solid understanding of NFTs. On the other hand, functionality as a ticket or entry ticket is the most valuable NFT use case for new users.
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When looking at customer preferences when purchasing NFTs, the report found that 52% of survey respondents were satisfied with being able to purchase with a credit card.
Consumer preferences for NFT purchases. Source: DappRadar
Some 38% of the 52% are experienced users who own a digital wallet or have previously purchased cryptocurrency. In addition, women seem to be more inclined to pay with credit cards when purchasing NFTs.
The NFT market still exists
The data shows that by the end of 2022, the transaction volume of NFT on the chain will be US$24.7 billion, a slight decrease from the US$25.1 billion in 2021. This decline reflects the resilience of the NFT market before the coldest winter in encryption history.
Additionally, the number of unique transactions recorded in 2022 will increase by 19.75%, reaching 6.9 million at the end of the year. NFT sales also rose 67% to 107 million.
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