3 out of 4 sports fans are skeptical about the longevity of investing in the NFT
3 min readOver the past year and a half, nonfungible tokens (NFTs) have seen a huge boom and sales at auctions worth millions of dollars. A recent survey by bonusfinder.com shows that sports fans have doubts about the NFT because the results of the survey show that almost three out of four people are “slightly skeptical” about the long-term outcome of the NFT as an investment.
Sports fans are skeptical of the NFT
Nonfungible tokens were a very hot topic in 2021, and worldwide Google Trends (GT) data show that the item reached an all-time high in mid-March in terms of queries on Google. Since then, however, GT data shows that interest has fallen sharply as searches for “NFT” dropped from a top score of 100 to this week’s score of 38. Recently, bonusfinder.com published a survey of 1,009 U.S. sports fans to reveal what thinks of NFT. Approximately 64.1% were identified as men and 35.7% were identified as women and the age of participants ranged from 18 to 83 years with an average age of 38 years.
Research highlights that interest in the NFT is highest in states such as California, Hawaii, Washington DC, Nevada and Vermont. Questions about the search phrase “NBA Top Shot” were highest in New Hampshire, Rhode Island, Delaware, Massachusetts and New Jersey. The Bonusfinder survey shows that 62% of respondents knew what an NFT was and 16% admitted that they did not. 23% were “unsure” of what is an unmistakable token (NFT), and about 9% said they described the technology “extremely conveniently”.
The Bonusfinder study shows that 40% of sports fans are unsure about the NFT and 39% say they are “enthusiastic”. 29% of 1,009 sports fans said they were confused. “Despite being sold for millions of dollars,” says a Bonusfinder survey, “34% of sports fans also admitted to being very skeptical about the long-term investment future of sports NFTs, compared to less than 4% who trust them and others. % found it a bit skeptical. “The NFT study adds:
Generally speaking, 52% of sports fans agreed that sports NFTs are an investment bubble.
Fans of specific sports teams are likely to buy NFTs, 1 in 5 have already invested in sports NFTs
Another interesting finding suggests that one in five sports fans has invested in NFT sports products, and in 2021, average sales were close to $ 600. Among the most popular products among survey respondents were “NBA Top Shot (52%), digital business cards (47%) and MLB Champions NFT (43%)”. 19% of NFT investors surveyed who previously bought the NFT bought the NFT Rob Gronkowski Championship Series. The survey also shows that fans of specific sports teams buy more NFTs.
“Fans of Chicago Bulls (27%), Boston Celtics (25%), New York Nicks (24%) and Cleveland Cavaliers (18%) most often bought NFTs, and inspiration for investing most often came from friends (52%), family members (40%). %) and news articles (38%), ”stressed Bonusfinder analysts.
The Bonusfinder study concludes that it is difficult to say how long the NFT boom will last. Despite this, these findings show that people are familiar with NFT, and sports fans buy it. At this point, almost three out of four people are “slightly skeptical” about the overall life of sports NFTs as investment instruments.
You can view the entire survey HERE.
