A majority of Americans surveyed think the digital art craze is more than just a fad and that NFTs are the 'next big thing'
- A majority of Americans believe
NFTswill be the next big thing, while a third of Britons think it is just a fad.
- 36% of Americans and 27% of Britons think the NFT space is "just another playground for the mega-rich."
- Market research firm Piplsay from March 29-31 polled 30,390 people in the US and 6,050 in the UK to assess attitudes towards NFTs.
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In an online survey conducted in the last week of March, 59% of Americans surveyed said they believe NFTs are more than a fad, and will be "the next big thing". Counterparts in the UK, meanwhile, were less certain, with 33% of Britons responding that it's a passing fad.18% of Americans surveyed believe the market for digital art is a bubble waiting to burst.
Conducted by research group Piplsay from March 29-31, the survey polled 30,390 people in the US and 6,050 in the UK to assess what people think of the latest blockchain-related digital trade.Despite Americans believing in NFTs as potentially being here to stay, the survey revealed that 33% do not believe these are safe investments, while 41% of Britons also don't trust in the security of NFTs.
The market for digital art secured on a blockchain first opened up in 2015 and has since gained traction. The NFT space has been boosted by support from prominent figures including
NFTs are unique digital assets secured on a blockchain. Each NFT has its own signature, which can be verified in the public ledger and cannot be duplicated.
When people buy NFTs, they gain the rights to the unique token on the blockchain, and not the artworks linked to the NFTs themselves.The NFT market saw immense growth, with buyers vastly exceeding sellers, and has grown into a $250 million market, according to a 2020 report from L'Atelier BNP Paribas and nonfungible.com.
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