Different aspects that investors look at
Although data from TeleGeography While there are already more than 7.1 billion active mobile devices worldwide, the computer remains the preferred choice for NFT trading. 60% of investors seem to do this. The mobile is second with only 21%.
When it comes to following new or upcoming NFT projects, 60% of respondents said they prefer using Discord and Twitter. The minimum price also turned out to be important. The report found that when it comes to evaluating NFTs before buying, the majority of respondents, 38.5%, were interested in the floor price. Only 23% and 21.8% selected the “strong community” and “artistic value/attachment” options.
Most market investors said they were not interested in selling their NFTs. More than 50% of respondents emphasized that they see a future where non-replaceable tokens could be important items in games. Despite all the hype, NFTs make up only a small portion of most cryptocurrency portfolios. With 70% of respondents stating that they only represent 0-25% of their cryptocurrency portfolios.
Ethereum remains the dominant chain for NFTs among respondents with a total of 46.3%, according to the report. In second place was Polygon with 13.8%, followed by Solana with 13.5%. Other smart contract platforms together accounted for 26.4% of NFTs traded by respondents.
The data confirmed the dominance of OpenSea, which accounted for 58.7% of the trading activity. Runner-up Solanart had just over 10% of the market share. LooksRare had less than 4%.
“Interestingly, Crypto.com, VEVE Official, and Immutable X are some of the most cited examples parked under ‘Other’ by respondents. Perhaps referring to their increasing fame. LooksRare and X2Y2 failed to get bigger despite early success.” According to CoinGecko.