Ecosystem involvement in esports is what has accelerated the mainstream adoption of NFT tokens as teams and players leverage technology for fan engagement. However, sports fans have revealed interest in moving forward. get far beyond the hype and invest based on knowledge of NFT and trust in the issuer
The protracted crypto winter has destroyed floor prices across the NFT ecosystem, which unintentionally altered investor sentiment. and forcing users to rethink their long-term investment strategies. A study published by the National Research Group (NRG) reveals an openness among sports fans to learn about the NFT as they wait for the green market.
In June 2022, NFT sales fell to a one-year low. This signaled the temporary end of the NFT trend, according to a survey of 3,250 sports fans across the United States. UK, Japan and Brazil NRG research reveals fear of losing money or being scammed become a major obstacle to NFT purchases.
Of the total, only 15% of respondents had full trust in the NFT market, while 30% indicated little or no trust. The survey revealed that “This problem is acute in Japan. 4 out of 10 consumers have low trust in the NFT market.”
despite the difference But investors from all four countries are unanimous about the need for more stringent regulations on NFTs, based on factors including age limits and acceptable risk profiles.
throughout the United States In the UK, Japan and Brazil, 58% of sports fans believe they have some degree of understanding about NFT. Additionally, 54% (or 1,755) of the respondents believe that NFT has a positive effect on their favorite sport.
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