With the increasing popularity of NFTs, “is there such a high level of capital attached to an intangible product that anyone can buy online?” question began to be asked.
Although the underlying technology of NFTs makes them monetarily profitable, some "Blue Chip" products, such as the Bored Ape Yatch Club, continue to be sold at very high prices.
According to data from a survey conducted by DEXterlab, 64.3 percent of 1,318 people surveyed say their primary reason for purchasing NFTs is to 'make money'.
According to the survey, the second most common reason for investors to buy NFT was to join a community and stay informed. For this reason, the rate of NFT purchases was announced as 14.7 percent.
Digital art collectors make up only 12.4 percent of all survey respondents, while 8.6% of individuals purchase NFTs to gain access to games and tools.
Games developed with blockchain technology continue to trend in the crypto market. Investors can earn NFT by playing these games.
Binance, the world's largest cryptocurrency exchange, has shared a new tweet on this subject. This tweet, published with the headline "GameFi", may be a signal that play-to-earn cryptocurrencies will be listed on the famous stock market in the future.
Mastercard to Offer Direct NFT Purchases
Payments giant Mastercard said it will enable non-fungible token (NFT) transactions for crypto ecosystem platforms, including fee-free marketplace Immutable X, Candy Digital, metaverse gaming platform The Sandbox, Mintable, Spring, Nifty Gateway and Web3 infrastructure provider MoonPay.
The company made this announcement via a post on its website written by Raj Dhamodharan, Vice President of Blockchain Digital Asset Products and Partnerships. Dhamodharan wrote that Mastercard is currently working with these companies to allow people to use their Mastercard cards to purchase NFTs in one of these companies' markets or using their crypto services.
With this move, instead of converting fiat money to crypto and buying it, NFT can be purchased from marketplaces with Mastercard. Mastercard said that there are approximately 2.9 billion Mastercard cards in circulation worldwide, and this move will resonate with the NFT market.