A metaverse platform surveyed 6,000 participants to determine their motivations for NFT purchases.
While current NFT sales are not as high as during the peak in 2021, the space still holds on, with users giving various reasons for buying NFTs.In an announcement sent to Cointelegraph, Metajuice highlighted that their team surveyed over 6,000 NFT users to discover the motivations behind NFT purchases. The survey results showed that among the reasons laid out by the researchers, standing out and wearing the NFTs as their avatar were the top reasons for NFT purchases.
In addition, 74% of the respondents highlighted that they are interested in NFTs for the status that they give. On the other hand, 13% percent of the survey participants said that they are buying NFTs to resell them in the future. One survey participant with the username “Flexfactor” said that uniqueness and standing out are reasons for jumping in. They explained:
“I like the fact that it’s less likely to run into people with the same items as me. I like being unique and standing out. With an NFT, when I see someone else with it, it feels like solidarity.” John Burris, the president of Metajuice, said that owning NFTs to display their digital items brings added value. According to Burris, it builds a “communal notion of status-led trends” in the metaverse. People want to own the rights to items that increase their perceived status, and how they appear in the metaverse as NFTs are a key part of that,” he added.
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