Why NFT Adoption Might Boom In 2023?

NFT Adoption Latest Trends 2023 You Must Know

We all know, NFTs have gone from mainly being profile pictures, to having utilities in both the digital and real world.

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CoinGecko conducted a survey on NFT adoption and latest trends emerging this year. Here are the results:

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Amazingly 03 out of 04 crypto holders own NFTs, making it a popular digital asset.

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NFT holders with 2 to 5 NFTs were the second most common after 18.7% of holders who owned 11 to 50 NFTs.

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Speaking about adoption, almost 4/10 people got into NFTs in 2021 though it slowed down in 2022.

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NFT collections from brands like Adidas and Starbucks, and NFT experiences like Reddit’s Collectible Avatars help to encourage adoption of the technology.

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Hence, NFT developments in 2023 may accelerate adoption this year like Bitcoin’s Ordinals and Stamps NFTs.

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