From Crypto to NTFs: Identifying the New Wave Of Digital Investors

56 Pages Posted: 4 Jul 2024

See all articles by Stefano Balietti

Stefano Balietti

University of Mannheim - Business School

Can Celebi

University of Mannheim - Graduate School of Economic and Social Sciences

David Tercero-Lucas

Comillas Pontifical University - Faculty of Economics and Business Administration

Date Written: July 03, 2024

Abstract

The objective of this paper is to explore whether NFT investors  represent a distinct cohort within the broader crypto investment sphere. Employing data from a public survey with global outreach, we first find that NFT owners are younger and possess, on average, a lower educational level than the general crypto population but a higher cryptocurrency knowledge. Second, there are no significant gender differences among NFT investors and non-NFT investors, but those working in the crypto sphere are more likely to invest in NFTs. Additionally, individuals involved in yield farming or using crypto derivatives are more likely to own NFTs. Finally, we show that individuals with more concerns about the potential misuse of cryptocurrency for illicit activities are less likely to engage in the ownership of NFT.

Keywords: Non-Fungible Tokens, cryptocurrencies, investor profile, household finance

Suggested Citation

Balietti, Stefano and Celebi, Can and Tercero-Lucas, David, From Crypto to NTFs: Identifying the New Wave Of Digital Investors (July 03, 2024). Available at SSRN: https://ssrn.com/abstract=4884904 or http://dx.doi.org/10.2139/ssrn.4884904

Stefano Balietti

University of Mannheim - Business School ( email )

L5, 5
Mannheim, 68131
Germany

Can Celebi

University of Mannheim - Graduate School of Economic and Social Sciences ( email )

D7, 27
Mannheim, 68131
Germany

David Tercero-Lucas (Contact Author)

Comillas Pontifical University - Faculty of Economics and Business Administration ( email )

Spain

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
42
Abstract Views
177
PlumX Metrics