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<\/p>\n A CoinGecko survey indicates that only 19% of crypto participants expect NFTs to make a comeback this cycle. Gaming and metaverse items are considered the most bullish use cases.<\/p>\n
A recent survey conducted by CoinGecko reveals that only 19.4% of crypto participants anticipate a resurgence of NFTs in the current cycle. The survey, which gathered responses from 2,558 crypto enthusiasts, paints a rather bleak picture for the immediate future of NFTs.<\/p>\n Despite generally bullish sentiments in the crypto market, 54.1% of respondents do not expect NFTs to make a comeback in the near term. Among them, 29.5% strongly disagreed with the notion, while 24.7% were moderately bearish. Another 26.4% held a neutral stance, possibly adopting a wait-and-see approach or displaying a lack of interest in NFTs.<\/p>\n The survey also found no significant differences in sentiment between first-time crypto participants and veterans, indicating a general skepticism across experience levels. Builders and spectators were slightly more optimistic, with 28.9% and 29.1% respectively believing in a potential recovery for NFTs, compared to just 17.1% of investors and 20.9% of traders.<\/p>\n When it comes to NFT use cases, the survey indicates a diverse range of opinions. Gaming and metaverse items emerged as the most bullish use case, with 17.2% of participants viewing them favorably. Other popular use cases include memes (9.5%), profile pictures or avatars (8.3%), and art (7.6%).<\/p>\n Less popular use cases, such as membership access, domain names, and redeemables, saw only 0.6% to 4.2% of respondents expressing bullish sentiments. This suggests a decline in enthusiasm for these applications since the 2021 bull run. Additionally, 36.9% of participants identified as NFT bears or were indifferent, indicating a lack of bullish sentiment towards NFTs overall.<\/p>\n The lack of consensus on NFT use cases reflects the technology’s wide range of potential applications and its early stage of adoption. This underscores the need for a compelling narrative that could drive an NFT comeback.<\/p>\n The survey was part of CoinGecko’s Post-Halving Sentiment Survey, conducted from June 25 to July 8, 2024. Among the respondents, 69% identified as long-term crypto investors, 18% as short-term traders, 7% as builders, and 6% as spectators. Geographically, 90% of participants were based in Europe, Asia, North America, and Africa.<\/p>\n For more information, you can read the full report on the CoinGecko website here<\/a>.<\/p>\n
\n Joerg Hiller<\/a>
\n Aug 02, 2024 11:48<\/span>
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\n ![\"Survey](\"https:\/\/image.blockchain.news:443\/features\/DC3788979712BF4DFF603597AAC46E7C52F8B5EF76BC21453D757F37CDB271FE.jpg\")
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\n <\/figure>\nWill NFTs Come Back?<\/h2>\n
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\n Participation<\/th>\n Bearish NFTs<\/th>\n Neutral<\/th>\n Bullish NFTs<\/th>\n<\/tr>\n \n Investor<\/td>\n 56.1%<\/td>\n 26.8%<\/td>\n 17.1%<\/td>\n<\/tr>\n \n Trader<\/td>\n 54.4%<\/td>\n 24.7%<\/td>\n 20.9%<\/td>\n<\/tr>\n \n Builder<\/td>\n 49.2%<\/td>\n 21.9%<\/td>\n 28.9%<\/td>\n<\/tr>\n \n Spectator<\/td>\n 38.2%<\/td>\n 32.7%<\/td>\n 29.1%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n What Is the Most Popular NFT Use Case?<\/h2>\n
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\n Rank<\/th>\n NFT Use Case<\/th>\n Share of Respondents<\/th>\n<\/tr>\n \n 1<\/td>\n Game & metaverse items<\/td>\n 17.2%<\/td>\n<\/tr>\n \n 2<\/td>\n Meme<\/td>\n 9.5%<\/td>\n<\/tr>\n \n 3<\/td>\n Profile pictures (PFPs)<\/td>\n 8.3%<\/td>\n<\/tr>\n \n 4<\/td>\n Art<\/td>\n 7.6%<\/td>\n<\/tr>\n \n 5<\/td>\n Membership access<\/td>\n 4.2%<\/td>\n<\/tr>\n \n 6<\/td>\n Domain names<\/td>\n 3.5%<\/td>\n<\/tr>\n \n 7<\/td>\n Event ticketing<\/td>\n 3.4%<\/td>\n<\/tr>\n \n 8<\/td>\n Collectible memento<\/td>\n 3.2%<\/td>\n<\/tr>\n \n 9<\/td>\n Music<\/td>\n 2.6%<\/td>\n<\/tr>\n \n 10<\/td>\n Redeemables<\/td>\n 1.7%<\/td>\n<\/tr>\n \n 11<\/td>\n Others<\/td>\n 1.3%<\/td>\n<\/tr>\n \n 12<\/td>\n RWA<\/td>\n 0.6%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n Methodology<\/h3>\n