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Survey finds 9% of Japanese investors have invested in NFT tokens worth more than ¥1 million

Survey finds 9% of Japanese investors have invested in NFT tokens worth more than ¥1 million

A tenth of surveyed Japanese residents bought NFT tokens worth more than ¥1 million (over 700,000 rubles). The figures come from a survey conducted by the local Blockchain Content Association among 2,395 cryptocurrency holders.

16% of respondents have experience acquiring NFTs.

The greatest potential for this asset class, according to the survey, lies in gaming—42%—and in ticket-purchase services—23%. Eighteen percent believe NFTs hold promise in the arts, and 17% see them as financial instruments.

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Source: Twitter Crypto Russia.

The most popular gaming apps in which NFT tokens are used were My Crypto Heroes – 22%, Brave Frontier – 13%, and Crypto Spells – 12%.

Nineteen percent of respondents are attracted by the appeal of applications using NFTs; 16% want transaction simplification; 17% seek price stabilisation. Nine percent advocated making peer-to-peer NFT transfers easier.

“Most blockchain games in Japan have been launched by startups. However, interest from major gaming companies in these assets points to the potential growth of the NFT market in the future,” say the study authors.

For more on what NFT tokens are, read ForkLog’s special feature.

NFT as a new class of virtual assets: first look (part one)

NFT as a new class of virtual assets: first look (part two)

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