A minimum of one in four Japan-based crypto investors have reportedly had non-fungible tokens (NFTs) in their portfolio, as revealed via a freshly conducted survey. 

Specifically, top-tier local crypto exchange BitBank reportedly carried out a survey online to gather insights into the NFT investment trends across the Japanese cryptocurrency market.

BitBank – publishing its findings on November 25th – reportedly revealed that a total of 2,061 cryptocurrency users took part in the survey, which lasted from Oct. 26 to Nov. 1, with the participants consisting of BitBank customers, together with crypto holders polled randomly via Twitter. 

The survey results reportedly showed that approximately 26% of Japanese crypto investors have had experience holding NFTs, with the large number of NFT investors representing younger generations, falling in between the 20 and 40 age bracket.

For the majority of the participants, the primary cause that led to their decision of holding NFTs is the same as making investments into digital coins like Bitcoin (BTC), which is to “HODL” them for the long haul. 

Per BitBank, as many as 60% of participants shared that they view their NFTs as a long-term investment.

As suggested by the survey results, 39% of the survey’s NFT holders are a sign showing that they have never sold their NFTs and have no concrete certainty of their value, while over 22% of respondents have not sold their NFTs but have a clearer grasp of their actual value. 

An additional 19% of respondents said that they have taken many advantages from placing their NFTs up for sale.

The report further mentioned that art has reportedly been the consistently primary theme for NFTs in the Japanese crypto market, with games, metaverse, entertainment, and sports following behind.