Metajuice: Majority Of NFT Collection Buys For Status And Uniqueness

NFT buyers in Metajuice due to status and uniqueness. (photo: twitter @themetajuice)

JAKARTA - According to the metaverse platform, Metajuice, nearly three of its four non-fungible token collectors (NFTs) on its platform purchased NFTs for status, uniqueness, and aesthetics.

Although current NFT sales are not as big as their peak in 2021, the space remains with users providing various reasons to buy NFT.

In an announcement sent to Cointelegraph, Metajuice highlighted that their team conducted surveys of more than 6,000 NFT users to find motivation behind NFT purchases. The survey results show that among the reasons expressed by researchers, stand out and wearing NFTs as their avatars is the main reason to buy NFTs.

In addition, 74% of respondents emphasized that they are interested in the NFT for the status they provide. On the other hand, 13% of survey participants said they bought NFT for resale in the future.

One of the survey participants with the username "Flexfactor" said that uniqueness and prominence is an excuse to join.

"I like the fact that there is less chance of me meeting people with the same items as me. I like to be unique and stand out. With NFT, when I see other people with it, it feels like solidarity," said one of the respondents.

John Burris, President of Metajuice, said that having NFTs to display digital items they provide added value. According to Burris, it builds "ide trends led by shared status" in the metaverse. "People want to have rights to items that improve their perceived status, and how they appear in the metaverse as NFT is a key part of it," he added.

Real Vision CEO and co-founder, capy Pal, also recently expressed his belief that NFT will perform the same as the luxury property in the market boom cycle. On February 21, Pal explained in a YouTube video that having a large collection such as CryptoPunks and Bored Ape Yacht Club has become a symbol of status in the crypto space. The executive compared it to owning a luxury car and a home.