Most NFT Holders Own 51+ NFTs, 2021 Bull Market Attracts
- The study suggested that this indicates people rarely stop participating in NFTs after their first purchas
- Nearly 39% of the survey respondents had purchased their first NFT during the initial bull market of 2021, according to the findings
According to a recent survey conducted by
a crypto data website, most non-fungible token (NFT) holders own 51 or more NFTs.
The survey analyzed 438 responses from Dec. 2022 to Jan. 2023, in collaboration with Blockchain Research Labs.
The results showed that at least one in four NFT holders (26.5%) identified themselves as "avid collectors" with 51 or more NFTs. This group likely represents individuals who are the most enthusiastic about NFTs. The study suggested that this indicates people rarely stop participating in NFTs after their first purchase.
The next group of NFT holders was those who held between two and five NFTs (17.6%), followed by those who held just one NFT (4.8%).
Nearly 39% of the survey respondents had purchased their first NFT during the initial bull market of 2021, according to the findings. Despite the bear market experienced by the crypto industry in 2022, over 25% of the respondents acquired their first NFT during the year, making it the second-highest influx of new NFT collectors over the past five years. Only 2.9% got their first NFT in 2017, which was the same year Crypto Kitties and CryptoPunks were launched.
The report noted that NFT development could accelerate adoption in 2023, citing examples such as Bitcoin ordinals and Stamps NFTs, as well as Blur overtaking OpenSea to become the top NFT marketplace.
In related news, OpenSea launched OpenSea Pro on April 5, which is an NFT marketplace aggregator aimed at serving the needs of professional users. It is a refined version of the NFT aggregator that OpenSea acquired in April 2022.
