According to a survey conducted by OnePoll, almost 25% of Britons will consider investing in crypto tokens or non-fungible tokens (NFTs) in 2022.
The survey, commissioned by Tokenise, asked 2,000 people on their views on cryptocurrencies
Cryptocurrencies
By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities.
By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities.
Read this Term. Asked to classify which type of investment carries a greater risk, 41% answered that Bitcoin is the riskiest investment.
It was followed by shares (27%), crude oil (19%), real estate (17%), gold (16%) and only 11% view investing in tokens have a higher risk.
The younger audience sees the ease of investing in tokens as one of the main drives for their interest. 53% of 18 – 24 years olds said the ability to buy tokens online or via an app is what appeals to them the most regarding tokens.
The research discovered that individuals that are already involved in tokens or NFTs see heavy PR as the key drivers for investing (55%). The ability to buy online or via an app is favored by 49% of the seasoned individuals.
Fractional ownership and royalty tokens have the greatest appeal. Royalty tokens may include assets that generate revenue and distribute income to the token holders.
BAYC for example have distributed 10,000 tokens to some of their NFT holders.
Crypto Tokens Appeal to Londoners
30% of the surveyed individuals they were unaware of the existence of crypto assets such as NFTs, fractional ownership, cryptocurrencies and tokens.
Geographical locations in the UK also had an impact on the results of the survey. In London, 27% of the individuals in the Northeast and 24% in the Southwest are willing to buy, trade or make use of tokens in 2022.
In the Northwest however, only 4% have heard of tokens. In the East Midlands only 5% were aware of tokens or NFTs.
The results also show UK investors seek promises of high returns as well as credibility. Firm regulation and access to buy tokens via financial institutions are desired by potential investors.
Individuals that have already invested did so as they heard about the token issuer in the media, have easy access to purchase the token online or are connected in a way to the digital asset.
Regulations and Genders
17% out of the 24% of those that participated in the survey invested in tokens to generate higher returns. 15% of future investors seek regulatory protection for their invested capital.
When it comes to gender, 29% of men were aware of tokens and NFTs. Only 18% of women heard about these digital assets. 20% of men have invested in tokens or NFTs while only 12% of women have made an investment in crypto-related products.
59& of women invested in tokens due to a connection to the asset such as art NFT for example. This is opposed to men that invest primarily invest to look for better returns.
Both men and woman do care about online availability such as an app,
Mike Kessler, Tokenise Founder and Chief Executive Officer said: “Our survey pinpoints shifting attitudes towards newer digital assets. We believe that tokens are close to a critical tipping point – the ideal climate for a fully regulated exchange for security tokens to emerge.
“Crucially, this also marks the start of an exciting new era for investors who can own a piece of what they love and stand to potentially benefit financially. That’s democratising a world – of art, wine, property – that few previously had access to.”
According to a survey conducted by OnePoll, almost 25% of Britons will consider investing in crypto tokens or non-fungible tokens (NFTs) in 2022.
The survey, commissioned by Tokenise, asked 2,000 people on their views on cryptocurrencies
Cryptocurrencies
By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities.
By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities.
Read this Term. Asked to classify which type of investment carries a greater risk, 41% answered that Bitcoin is the riskiest investment.
It was followed by shares (27%), crude oil (19%), real estate (17%), gold (16%) and only 11% view investing in tokens have a higher risk.
The younger audience sees the ease of investing in tokens as one of the main drives for their interest. 53% of 18 – 24 years olds said the ability to buy tokens online or via an app is what appeals to them the most regarding tokens.
The research discovered that individuals that are already involved in tokens or NFTs see heavy PR as the key drivers for investing (55%). The ability to buy online or via an app is favored by 49% of the seasoned individuals.
Fractional ownership and royalty tokens have the greatest appeal. Royalty tokens may include assets that generate revenue and distribute income to the token holders.
BAYC for example have distributed 10,000 tokens to some of their NFT holders.
Crypto Tokens Appeal to Londoners
30% of the surveyed individuals they were unaware of the existence of crypto assets such as NFTs, fractional ownership, cryptocurrencies and tokens.
Geographical locations in the UK also had an impact on the results of the survey. In London, 27% of the individuals in the Northeast and 24% in the Southwest are willing to buy, trade or make use of tokens in 2022.
In the Northwest however, only 4% have heard of tokens. In the East Midlands only 5% were aware of tokens or NFTs.
The results also show UK investors seek promises of high returns as well as credibility. Firm regulation and access to buy tokens via financial institutions are desired by potential investors.
Individuals that have already invested did so as they heard about the token issuer in the media, have easy access to purchase the token online or are connected in a way to the digital asset.
Regulations and Genders
17% out of the 24% of those that participated in the survey invested in tokens to generate higher returns. 15% of future investors seek regulatory protection for their invested capital.
When it comes to gender, 29% of men were aware of tokens and NFTs. Only 18% of women heard about these digital assets. 20% of men have invested in tokens or NFTs while only 12% of women have made an investment in crypto-related products.
59& of women invested in tokens due to a connection to the asset such as art NFT for example. This is opposed to men that invest primarily invest to look for better returns.
Both men and woman do care about online availability such as an app,
Mike Kessler, Tokenise Founder and Chief Executive Officer said: “Our survey pinpoints shifting attitudes towards newer digital assets. We believe that tokens are close to a critical tipping point – the ideal climate for a fully regulated exchange for security tokens to emerge.
“Crucially, this also marks the start of an exciting new era for investors who can own a piece of what they love and stand to potentially benefit financially. That’s democratising a world – of art, wine, property – that few previously had access to.”
Source: https://www.financemagnates.com/cryptocurrency/new-survey-finds-24-of-uk-adults-are-prepared-to-invest-in-tokens-in-2022/