NFTs were first introduced to the crypto market in 2014. Interest and adoption have increased rapidly over the two years since. At their height in August 2021, the total trading volume of NFTs rose to over $5 billion, kickstarting what briefly came be to known as “NFT Summer”.

Coingecko reports that NFT sales are expected to grow by more than $800 Billion over the next two-years. This study mainly used investors from Asia-Pacific to highlight that around 72% (of 871 respondents) already have NFT(s), with over 50% declaring they own 5 or more.