NFT Trust Survey

Abstract

Non-Fungible Tokens (NFT) have gained popularity since 2021, reaching a total market valuation of several billion US dollars, especially in art. This paper highlights the findings of our statistically representative survey of more than 1850 Americans, e.g., 5.7% have already bought an NFT. Unfortunately, that trust has been misplaced on many occasions due to technical and legal issues of most created NFTs. We detail those issues and evaluate them in the case of the most well-known NFT marketplace, i.e., OpenSea.