25% of NFT homeowners have a group of 51 or extra – CoinGecko Report

by Jeremy

Crypto knowledge web site CoinGecko has launched survey findings indicating that almost all of nonfungible token (NFT) holders personal 51 or extra NFTs, whereas those that solely maintain a single NFT comprised the smallest group among the many respondents.

Printed on April 6, the CoinGecko report examined 438 responses from Dec. 2022 to Jan. 2023 at the side of Blockchain Analysis Labs.

Not less than 1 in 4 NFT holders (26.5%) mentioned that they’re “avid collectors” with 51 or extra NFTs on the time of the survey, with the report noting this group probably represents people who find themselves the most enthusiastic about NFTs. It famous:

“This means that individuals hardly ever cease taking part in NFTs after their first one.”

It was intently adopted by holders holding between 2 and 5 NFTs (17.6%), whereas those that held only one NFT accounted for a mere 4.8%.

Supply: coingecko.com

Virtually 4 out of each 10 individuals surveyed (38.8%) acquired their first NFT in the course of the first bull market of 2021. 

Regardless of 2022 seeing crypto enter a bear market, it nonetheless recorded the second-highest inflow of recent NFT collectors over the previous 5 years, with simply over 25% buying their first NFT in the course of the 12 months.

Supply: coingecko.com

In the meantime, solely 2.9% acquired their first NFT in 2017, the identical 12 months through which Crypto Kitties and CryptoPunks had been launched.

It was famous that NFT growth could speed up adoption in 2023, noting Bitcoin ordinals and Stamps NFTs, in addition to Blur overtaking OpenSea to develop into the highest NFT market.

Associated: OpenSea superior NFT market sparks combined neighborhood reactions

In current information, OpenSea launched OpenSea Professional on April 5, an NFT market aggregator geared toward serving the wants {of professional} customers, which is a refined model of NFT aggregator, which OpenSea acquired in April 2022.

Journal: NFT Creator, The Sarah Present: Analog childhood meets dizzying digital future