NFT Survey With Over 40,000 Respondents Shows Americans Trust NFT Investments More Than Brits – Blockchain Bitcoin News

Two very different crypto trends stood out in 2021, which include non-fungible token (NFT) assets and decentralized finance (defi), as billions of dollars in cryptocurrencies have flowed into these sectors. On September 7, Piplsay, a global consumer research platform, surveyed 30,870 Americans and 9,170 Brits to gain insight into what consumers think about NFTs today. According to the survey, 48% of American respondents consider NFTs a “good and safe investment.”

Piplsay survey shows Americans like NFTs more than Brits

Not long ago, when you asked people about non-fungible tokens (NFT), most were clueless. However, crypto trends like Defi and NFTs have exploded this year and consumers are becoming increasingly aware of the growing markets. Recently, some surveys with 1,000 or up to 10,000 participants have expressed their opinion on the growing NFT space and whether they think NFTs are a good investment or not.

In December 2020, Bitcoin.com News reported A survey found that the NFT market had much more room to grow, which came to fruition. Months later, when the NFT hype was in full swing, another survey published in July showed that 3 out of 4 sports fans are skeptical about the longevity of NFT investments. Piplsay ’s survey is much larger than these previous surveys as the team Research managed to survey over 40,000 people from America and the UK.

While the data shows that 48% of Americans surveyed think NFTs are a “good and safe investment,” only 22% of UK residents feel the same way. 18% of Americans have invested in an NFT, while only 5% of Brits have done the same. The survey was recently conducted from September 3rd to 5th, 2021 and all people were 18 years old and older. The survey goes on to say:

44% of Americans believe NFTs are here to stay, compared to just 27% of Brits.

Revolutionary concept or absurd? Americans and Brits share their opinion on NFTs

When respondents were asked for their personal opinion on NFTs, 50% of Americans said they had no opinion or were unaware of the topic. 68% of Brits also had no opinion or were unaware of the NFT space. 32% of Americans consider NFTs a “revolutionary concept,” while only 15% of Brits agree with this statement. 18% of Americans think NFTs are an “absurd concept,” while 17% of Brits agree that NFTs are absurd.

24% of Americans in the Piplsay survey said NFTs are “neither good nor safe,” and 45% of Brits agree that NFTs are not a good investment. 19% of US respondents say the investment is “good but not safe.”

21% of Brits said the same, and only a small fraction of Americans and Brits said NFTs were “safe but good” investments. Piplsay also broke the survey down into generational demographics. “41% of Millennials in the US have personally invested in NFTs, compared to 33% of Gen X and 26% of Gen Zers,” Piplsay researchers wrote.

“45% of Millennials in the UK have personally invested in NFTs, compared to 37% of Generation Z and 18% of Generation X,” the researchers added. “Gaming-related NFTs are most popular among US Gen Zs (18%), while brand-related NFTs are most popular among Millennials (17%) and Gen Xers (17%),” the survey concluded. Piplsay’s full research report on NFTs can be found here Here.

What do you think of Piplsay’s survey on NFTs? Let us know your thoughts on this topic in the comments below.

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