cryptoslate.com
The vast majority of respondents in DappRadar’s recent survey report think owning an $NFT is advantageous, while slightly over half prioritize being able to pay for NFTs using their credit cards.
In total, 92% of the participants said they saw an advantage in owning an $NFT, while 52% ranked “being able to purchase with credit cards” among their top two priorities, according to the survey report.
Advantages of NFTs
Around 65% of the participants said they saw a “big advantage” in owning an $NFT, while another 27% replied with “some advantage.”
Regarding the specific advantages of owning an $NFT, 31% said they valued NFTs’ ability to earn and save money the most. Asset Ownership and Gaming & Metaverse functions were second and third most valued, with 22% and 19%, respectively.
Even though NFTs’ ability to provide membership and access privileges was ranked fourth with 18%, it was the most valued function among participants with proficient knowledge of NFTs. Functioning as a ticket or an admittance pass, on the other hand, was the most valuable $NFT use case amongst new users.
Purchasing
While examining the customer priorities when buying NFTs, the report shows that 52% of survey respondents valued being able to purchase with their credit cards.
Around 38% of the 52% are experienced users who own a digital wallet or have bought crypto before. In addition, women appeared more inclined toward paying with their credit cards when purchasing NFTs.
$NFT market persists
According to the numbers, the on-chain $NFT trading volume was sitting at $24.7 billion at the end of 2022, marking a slight decrease from 2021’s $25.1 billion. The size of this drop reflects the resilience of the $NFT market against the coldest winter in crypto history.
Moreover, the number of unique trades recorded a 19.75% increase in 2022, reaching 6.9 million at the end of the year. $NFT sales also increased by 67% to see 107 million.