At to the last-place degree 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 inside 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 enclosed shoppers of BitBank in addition to crypto holders polled haphazardly through Twitter, a representative 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 pictured by vernal generations aged between 20 and 40.
For most respondents, the principle purpose for holding NFTs is much like investment 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 not by a blame sigh bought their NFTs and will not be positive of their worth, whereas greater than 22% of respondents haven't bought their NFTs yet have been conscious of their worth. Another 19% of respondents mentioned that they benefited from promoting NFTs.
The report in addition notes that artwork has remained the principle theme for NFTs inside 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 powerful 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 identified as Miss Bitcoin, partnered with blockchain play ecosystem Enjin to launch an NFT charity challenge in Japan.