Coingecko's survey suggests that NFT industry is projected to be a $800 billion market

According to Coingecko NFT survey released yesterday, the NFT market is currently anticipated to move over $800 billion within the coming two years.

“Here at CoinGecko, we conducted a poll on Twitter to take a deeper look at the demographic of NFT owners, their behavior, motivation, tendencies, preferences, knowledge, and perception related to NFTs,” the report says.

According to survey findings, the majority of the respondents happen to be from the Asia-Pacific region, aged 18-30 and 30-50; 72% of them own NFTs. Metaverse and gaming NFTs are the most popular types of NFTs owned, with 50% of respondents having participated in metaverse before. More than 50% of respondents have a HODL mentality, as they see a future where NFTs could be key constituents in games. 60% of NFT owners prefer to mint and trade NFTs solely on PC, with only 21% using mobile devices, while most of the respondents hunt for new projects on Discord or Twitter.

Ethereum is still the dominant blockchain for NFTs sales with its 46.3% share according to the report. Polygon is the second choice with 13.8%, followed by Solana with 13.5%. As for the marketplaces, OpenSea is still in the dominant position with its 58.7% share of all trading activity, while its counterpart LooksRare taking less than 4%.