Buying NFT: Is it just to make more money?

A recent study found that more than 64% of people who purchase NFT believe that they will generate income through this action. Reason why they do not hesitate to spend thousands, tens of thousands, even millions of dollars in an asset that can be obtained for free on the web. Certainly, critics of non-fungible tokens decry the fact that it is given so much value, but these people believe in their investment and knowingly cover their ears.

Buy NFT, to make profit and join a community

64.3% is the rate of people who supported the purchase of NFT out of the need to ” earn money “. This figure comes from a survey recently conducted by DEXterlab on a pool of 1,318 people.

In other words, more than half of investors in the NFT sector believe that these digital assets guarantee higher returns on investment. The underlying technology that is backed by it would therefore be a source of value guaranteeing monetary gain for this category of people.

Continuing on the reasons for buying NFT, it has been reported that in second place is community integration and traffic generation. 14.7% of respondents joined this cause, according to the results of the study.

Other results of the survey are:

  • 12.4% buy NFT as digital art collectors;
  • 8.6% of NFT buyers believe that this action is an effective way to access games and tools conducive to the acquisition of membership rights to artists’ projects, multiple benefits, etc.

Can we really invest in the purchase of NFT

NFTs or non-fungible tokens have the advantage of not suffering from any exchange operation. They are not like bitcoin or other cryptocurrencies that are fungible. However, NFTs seem to be increasingly in demand for a variety of reasons: scarcity and value.

Thus, the purchase of NFT will promise you substantial gains in the future, even if these do not seem perceptible at the time of purchase. But we must note the existence of buyers of NFT able to understand the value of the asset he is acquiring. This is why they make wise choices in the process of buying NFT.

To say that a large number of those surveyed recognize that for the moment, their NFTs have not yet yielded the expected gains. 58.3% of them admit to living in such a situation at the moment.

However, 41.7% of respondents claimed to have already made a profit on the purchase of NFT made previously.

At the moment, many people lack understanding regarding NFTs. The value of a non-fungible token is not noticeable all at once. And novices seem far from reaching this level of understanding. There is still a long way to go before encouraging them to invest in the purchase of NFTs. Otherwise, we can make do with an increase of over 200% in NT’s global trading volume last year. More than $50 billion has been spotted in the sector.

Source : finbold

Receive a digest of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Cointribune!

User Image


The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy of this World, against all hope, I will say that I had something to do with it

We would like to give thanks to the writer of this write-up for this amazing content

Buying NFT: Is it just to make more money?

Check out our social media accounts and other related pages