This article comes from CoinGeckoThis article comes from

, the original author: Dillon Yap, compiled by Odaily translator Katie Koo.

In August 2021, the total transaction volume of NFTs reached its peak (more than 5 billion US dollars), which opened the "NFT hot summer". The market has declined slightly since then, but NFTs remain one of the hottest buzzwords and continue to make headlines both inside and outside the crypto world.

CoinGecko conducted an "NFT Poll" on Twitter (collected 871 samples) to gain a deeper understanding of the portraits of players who own NFTs, including their behaviors, motivations, tendencies, preferences, knowledge, and NFT-related cognition. Below are the five main findings.

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1. Most of the respondents are from the Asia-Pacific region, aged between 18-30 and 30-50; 72% of them have NFTs, and more than half of them have 5 or more NFTs.

Among the respondents, 45.2% were aged 30-50, and 43.6% were aged 18-30.

Geographically, APAC respondents have the highest adoption of NFTs at 38.8%, similar to our previous Axie Infinity survey results. This was confirmed by another independent survey, which also found the Philippines, Thailand, and Malaysia to be the leading adopters of NFTs. Europe follows as the second largest region (31.7%), while North/South America is a distant third (18.3%).

2. Metaverse/Game NFT is the most common type of NFT, with half of the respondents having participated in the Metaverse before.

NFTs belonging to the metaverse/game genre accounted for 35.8%, followed by PFP NFTs at 27.4%, and encrypted art NFTs at 25.3%.

The Metaverse is projected to be an $800B market in the next 2 years, and gaming seems to be the most likely entry point for NFTs (and other cryptocurrencies) to most.

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3. Flipper (shark) holds the highest proportion of NFTs at 42%, most cryptocurrency portfolios (70%) only hold 0-25% of NFTs, and less than half of the respondents profit from trading.In terms of purchase motivation, "buy low and sell high" is the driving force for NFT purchases, accounting for 42.2%; the HODL mentality of "collection" and "for the utility of NFT" accounts for about 50%.

(This is in line with the proportion of “Have you ever sold an NFT” question, where only half of NFTs answered “yes”.)

Less than half of the respondents (43%) profited from NFT transactions, while 23% chose to continue to hold and did not consider profiting from NFTs.

Interestingly, NFTs make up only a small portion of most crypto portfolios, with nearly 70% of investments containing only 0-25% NFTs.

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4. Desktop is the top choice for trading and minting NFTs, while most respondents look for new projects on Discord/Twitter and track their portfolio through wallets.

60% of NFT users prefer to mint/trade NFT on PC, and only 21% use mobile devices. The dominance of the PC side may be due to its advantages in manipulating the time sensitivity of NFT minting/transactions, especially as the wallet mobile app operation is still relatively difficult compared to the PC app.

More than half of users track NFT portfolios through wallet interfaces rather than more structured methods (e.g. Portfolio Manager, Excel).

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5. Nearly 40% of respondents are most interested in floor price when trading NFT, and half of them cite current/future utility as the main reason for HODL.When asked what motivates them to trade/purchase NFTs,38.5% of the respondents think that "floor price" is the most important.

Again, this is in line with our previous question about NFT trading motivations, that about 40% of NFTs choose to "flip & earn" ("buy low and sell high"). Floor price is a common measure used to measure the affordability and potential upside of an NFT series.

The proportion of NFTs purchased for rarity and celebrity endorsement reasons was 30% and 18%, respectively.secondary title

in conclusion

in conclusionIt is interesting to understand the trading motivations of NFT players. Gaming and Metaverse NFTs were thrust into the spotlight by Axie Infinity as the most popular NFT types. Most respondents consider themselves speculators looking to make a quick profit from NFTs. But at the same time, a majority (51%) still expressed interest in owning it, either for collection or potential utility. all in all,

This is not a purely speculative market.In the first quarter of 2022, the transaction volume of NFT has declined, but at the same time, the large partnership between RTFKT and Bored Ape Yacht Club has also achieved a clear leap. At this point, the ultimate direction of NFT development is still everyone's guess.

But like other cryptocurrencies, the NFT world is still fraught with fraud and price volatility. For those who are considering dabbling in NFTs, we urge you to always DYOR (do your own research).