Cryptosecurity analyst firm PrivacyHQ published a study of the NFT market, interviewing more than 1,000 U.S. token holders. The experts tried to find out how investors secure their digital assets and how often they encounter fraud.
The most popular wallets among U.S. users were MetaMask (52.8%), Math Wallet (49.9%) and Trust Wallet (49.8%). On average, survey participants invested $623 in NFT.
Survey respondents admitted that they did not feel completely safe with any wallet. Trust percentages ranged from 50-60%. MetaMask had the highest percentage of trust at 63.8%.
The majority of users prefer software wallets – 75.5%. At the same time 63.2% responded that they use their phones as a wallet.
Less than half of respondents are confident their NFTs are safe, while 15% said they don’t feel their assets are safe at all.
The most common fraudulent scheme was that people were told that the site where they bought their NFTs was closing and they should switch to another site. The other site turned out to be fake. Sometimes the scammers would create an entirely new marketplace where they would set up fake bidding.
Experts note that more than 90% of people, who were victims of scammers, were able to get back their digital assets.
Recall that at the end of February more than 30 users of the platform OpenSea lost NFT and ETH due to phishing attacks.