More Than British, Americans Bank On NFTs

More Than British, Americans Bank On NFTs

With the cryptocurrency industry engorging over the entire world, so do its attributes like the non-fungible token (NFT), Decentralized Finance (DeFi), and the latest the blockchain gaming and so on. 

In spite of many new and new attributes emerging from the blockchain ecosystem, each and every trend proves to be so promising and engaging like the cryptos. 

In fact, many are these days into the NFTs and DeFis more than cryptos on an average. Seems, with the passage of time people have gained sufficient confidence and belief on the NFTs and the DeFis profusely. 

Accordingly a recent survey conducted by the global business advisor the Piplsay, states that on comparing the British and the Americans, more Americans tend to trust the NFTs and DeFis.

The Rise of NFT & DeFi

Despite the fact being launched years ago, the craze upon the NFT and the DeFi markets grew over as a rapid fire in the recent years. With each year passing by, all of the various crypto entities backed up by the blockchain technology like the NFT, DeFi, Smart Contracts, and blockchain gaming are evolving more rigidly. 

In spite of such an evolving market, compared to the cryptocurrencies, the NFTs and DeFis evolution are comparatively faster and solid. Also the past two years saw immense growth upon the NFT sector. Furthermore, the NFT sector witnesses the launch of one new NFT every week on an average to the least. 

Besides, engaging themselves with the ever ending craze for people since the start of time, like the arts, sports, music and much more , evidently portrays that NFT with a solid future pathway. 

Accordingly many surveys indicated that NFT would never die out owing to several sports based digital collectibles on trend. 

The Piplsay Survey

Moreover, a recent survey has been conducted on a larger scale by the Piplsay firm regarding the NFTs.

In addition, the survey boasts a large scale of about 40,000 people from two distinct west sides, the British and the Americans. This survey was provoked to know which group prefers the NFTs more.

Accordingly, the survey reveals that nearly 48% of the Americans put out NFTs are safe and are a good investment. On the other hand, the ratio of the Britons in support of NFTs was just 22%. In addition, out of this 48%, almost 18% of Americans have invested in the NFTs, whereas only 5% Britons have invested in the NFTs. 

Besides, when questioned on whether they knew about the NFTs, about 50% of Americans stated they have no idea on the subject, whereas the Britons for the same estimated to 68%.

Also, when asked if NFTs are a revolutionary thing of the future, 32% of Americans agreed to it. Yet, when asked by the Britons, only 15% agreed with it. 

Therefore, this survey shows that the NFT market has a lot more to go and acknowledge itself among the Britons! 

A Project Engineer by profession, a writer by passion. Especially into the critics and skeptics on cryptocurrency. His fascination towards the crypto world and his personal experience on it has made him a writer with a taste.