According to the survey, 26% of Japanese cryptocurrency traders already have NFTs.

BitBank, Japan's leading cryptocurrency exchange, conducted an online survey to examine NFT investment trends in the Japanese cryptocurrency market. The NFT Marketplace has become popular in Japan, and the local cryptocurrency exchange Coincheck launched the NFT Marketplace in March 2021.

1 in 4 cryptocurrency traders in Japan are aware of non-fungible tokens (NFT), according to a new study.

BitBank, Japan's leading cryptocurrency exchange, conducted an online survey to examine NFT investment trends in the Japanese cryptocurrency market.

A BitBank survey released Thursday showed 2,061 cryptocurrency users were interviewed from October 26 to November 1, a company spokesperson told Cointelegraph that speculators The plate includes both BitBank customers and crypto holders - currency polled by Twitter.

According to the survey results, 26% of Japanese cryptocurrency traders tried to hold NFTs, mostly young people between the ages of 20 and 40.

For most of those interviewed, the main reason for holding NFTs is similar to investing in cryptocurrencies such as Bitcoin (BTC) i.e. long term holdings. According to BitBank, up to 60% of respondents say they view NFTs as a long-term investment.

According to the survey results, 39% of those polled said they did not sell DTV and did not know the price, and over 22% said they did not sell DTV but knew the price. Another 19% of respondents said they had benefited from TVN.

The report also noted that in the Japanese cryptocurrency industry, art is still a key topic for NFTs, followed by sports, meta-universes, entertainment, and hobbies.

The NFT Marketplace has become popular in Japan, and the local cryptocurrency exchange Coincheck launched the NFT Marketplace in March 2021.

Because Japan is known around the world for its most popular culture (like anime and manga), many believe that Japan has the potential to support the development of the NFT movement. Earlier this year, the first cryptocurrency broadcaster Mai Fujimoto named "Remember Bitcoin" launched the NFT charity in Japan in partnership with the blockchain gaming ecosystem Enjin.