Understanding the Top Reasons for Purchasing NFTs

04/11/2023 08:56 • NFT Newsflash • 122 views

According to a survey conducted by CoinGecko, utility and long-term profit have been listed as the top reasons for purchasing NFTs. The report found that the majority of people are considering the practicality provided by the NFT series and the benefits of holding tokens before purchasing. Over 77% of respondents stated that using NFT for its “expected function” has a certain degree of importance among the 11 listed reasons for purchasing NFT. However, 15.7% of people answered that they have a “neutral attitude” towards utility, while 6.7% believe that it is “not important” in the decision-making process before purchasing NFTs.

Survey: 77% of respondents purchase NFTs for practicality and long-term profit

Introduction

– Explanation of what NFTs are
– Brief overview of the survey conducted by CoinGecko

NFTs’ Practicality and Long-Term Benefits

– Explanation of NFTs’ practicality
– Benefits of holding NFTs long-term
– Statistics on how many people considered these two factors when purchasing NFTs

Importance of “Expected Function”

– Definition of “expected function”
– Why “expected function” is important when purchasing NFTs
– Statistics on the percentage of people who listed “expected function” as an important factor

Neutral Attitude towards Utility

– Definition of “neutral attitude” towards utility
– Discussion on why some people have a neutral attitude towards utility in their NFT purchases
– Statistics on the percentage of people who have a neutral attitude towards utility

Importance of Utility in Decision Making

– Explanation of why utility is important in the NFT decision-making process
– Examples of practical NFT use cases
– Discussion on the importance of utility in the long-term success of NFTs

Not Important to Consider Utility

– Definition of “not important” towards utility
– Discussion on why some people don’t consider utility when purchasing NFTs
– Statistics on the percentage of people who don’t consider utility when purchasing NFTs

Burstiness and Perplexity of NFT Purchases

– Explanation of the concepts of burstiness and perplexity when it comes to NFT purchases
– Discussion on the importance of balancing both in NFT decision-making

Conclusion

– Recap of main points
– Discussion on the future of NFTs and how utility plays a role
– Invitation to further explore the topic

FAQs

1. What are some examples of practical uses for NFTs?
2. How do utilities play a role in the long-term success of NFTs?
3. Can you make money from holding NFTs in the long-term?

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