A new survey of Metajuice, a Metaverse platform, found that most NFT buyers do so because of the status the assets bring. The study was conducted among 6,000 NFT holders, and three out of four people revealed that they were motivated by status, uniqueness, and aesthetics.
NFTs have gained popularity around the world in recent years thanks to their unique properties. Some of the top use cases include authentication for digital art, music, and other forms of creative content.
With the survey, Metajuice notes that it wanted to find out what some of the reasons NFT owners bought these unique digital items were. Among the main reasons offered was the ability to excel. The other commonly cited reason was to be able to use these digital collectibles as avatars on social media accounts.
Interestingly, around 74% of those who participated in the survey made it clear that they were interested in NFTs because of the status they got from them. On the other hand, another 13% of the respondents indicated that they bought NFTs to resell them in the future.
Uniqueness and ability to stand out motivates NFT buyers
A survey respondent using the pseudonym “flex factor” he cites uniqueness and distinction as the reasons why non-fungible tokens are invested in. In a statement, they state:
“I like the fact that you are less likely to run into people with the same items as me. I like to be unique and stand out. With an NFT, when I see someone else with it, it feels like solidarity.”
NFTs will play a key role in proving ownership, especially in the Metaverse; therefore, as John Burris, president of Metajuice, points out, they add value or status to the headline. People who own the rights to various digital items see their perceived value increase.
Raoul Pal, co-founder and CEO of Real Vision, also shares a similar sentiment. In a recent interview, he notes that NFTs will work similar to high-end properties. Before adding that owning a piece from a high-end collection like BAYC or CryptoPunks has become something of a status symbol within the crypto space.
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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
Post-NFT Survey Finds ‘State’ a Driving Force for Asset Purchases appeared first on NFT Plazas.
