Most buyers of art-based nonfungible tokens, unique digital assets better known as NFTs, are in for the money, not for the art itself, a survey finds.

About 82% of NFT buyers surveyed said they were motivated by investment purposes, according to the Hiscox Online Art Trade Report released Tuesday. Of those who bought NFTs worth at least US$25,000 in the past 12 months, 95% cited investment returns as the key reason for their purchase.

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