Nowadays, if you start talking about NFTs, you’ll get a lot of backlash. They’ve developed a bit of a negative reputation. But this is largely because some NFT companies are selling NFTs without really adding any value.

From what we can see, it’s a different story when it comes to gaming. Being able to earn and own cards, items or characters is much more tangible than just buying an image. And people understand the purpose.

Has the hype died, though? Have NFTs run their course? We’re not so sure. It seems to us that there’s still potential. Here’s what we found.

Most people aren’t planning on buying an NFT

Research would suggest that people aren’t really looking to get an NFT these days. Security.org surveyed 1,000 people and they found that 81% of people were ‘unlikely or extremely unlikely’ to buy an NFT in the next twelve months.

And that’s probably because of the perception around NFTs. The same report found that 56% believe NFTs are a fad, 58% think they’re a waste of money, and 71% think they’re for people who just have too much money.

Source: Security.org

Quite simply, people don’t think they’re good. So they’re not planning on buying one.

But people are buying them

Despite having a terrible reputation, people are slowly buying NFTs. The number of people who have bought one has doubled – from 2% to 4%. It’s not many people, sure. But that’s a significant increase.

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