Despite the #crypto #bearmarket in 2022, there was no major drop in #NFT adoption.

Poll results published by cryptocurrency analytics website CoinGecko, the majority of nonfungible token (NFT) holders own 51 or more NFTs. Those who only had one NFT made up the smallest number of respondents.

The #CoinGecko analysis, released on April 6, reviewed 438 answers from December 2022 to January 2023 in collaboration with Blockchain Research Labs.

At the time of the poll, one in every four NFT holders (26.5%) described themselves as "avid collectors" with 51 or more NFTs. This group most likely represents persons who are most excited about NFTs. It stated:

“This suggests that people rarely stop participating in NFTs after their first one.”

It was closely followed by holders with two to five NFTs (17.6%), with those with one NFT accounting for only 4.8%.

During the first bull market of 2021, over four out of every ten consumers questioned (38.8%) purchased their first NFT.

Despite the fact that 2022 saw crypto enter a bear market, it nonetheless had the second-highest flood of new NFT collectors over the previous five years, with slightly more than 25% obtaining their first NFT during the year.

Meanwhile, only 2.9% purchased their first NFT in 2017, the same year when Crypto Kitties and CryptoPunks were introduced.

NFT development could increase adoption in 2023, citing Bitcoin Ordinals and Stamps NFTs, as well as Blur overtaking OpenSea to become the main NFT marketplace.

On April 5, #OpenSea released OpenSea Pro, an NFT marketplace aggregator focused at fulfilling the demands of professional users that is an improved version of an NFT aggregator bought by OpenSea in April 2022.

This news is republished from https://coinaquarium.io/