The Up And Downs Of The NFT Market

Results from an extensive online poll asking why those who bought NFTs participated in such a volatile market:

• Some bought NFTs to collect digital art, while others did it for various perks.

NFTs with benefits (AKA “utility NFTs”) can score you:

• Access to communities with virtual and IRL meetups, like Gary Vee’s VeeFriends.
• Access to games. For example, Axie Infinity players must buy three Axie NFTs to start.
• Real-life perks. Crypto Baristas is a coffee project that promises its NFT holders discounts at future cafes.