Freelancers Are Embracing NFTs and the Metaverse, Says Fiverr

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You may not know the difference between an NFT and NSO (the Israeli company behind the Pegasus software), but according to Israel-based freelance work website Fiverr, 64% of US-based freelancers profited from the sale of NFT-related services.

The survey of some 1,000 freelancers was conducted in conjunction with Censuswide, a UK-based research company.

NFT (non-fungible token) refers to a proprietary, usually digital asset – be it an artwork, trial or in-game upsell – that is backed by blockchain .

Fiverr reports that, on its website, the number of freelancers who listed gigs for NFT services increased by 278% in a single quarter, from the third to fourth quarters of 2021.

This has led to big profits: freelancers report that their income for NFT services has jumped 374% over the same period. And the number of searches for NFT services on Fiverr increased by 345%.

“NFTs are becoming a fantastic way for illustrators, artists, designers, and developers on our site to monetize their skills and work with companies and individuals who are investing in this space,” said Gali Arnon, CMO of Fiverr.

“The fact that more than three in five freelancers already earn an income selling NFTs and related services shows the foresight freelance talent has to stay on top of the latest tech trends.”

What are these associated services? “Blockchain technology, cryptocurrency and the metaverse,” adds Arnon.

Key data points from the Fiverr-Censuswide survey:

  • 48% of freelancers said they had already profited from selling metaverse-related services.
  • 83% plan to adapt their current offerings based on the growth they’ve seen in this space.
  • 54% can see themselves earning an additional $2,600 to $5,200 per month by monetizing their blockchain-related skills.
  • More men (68%) than women (54%) took advantage of NFTs.
  • 84% of men plan to adapt their services due to the growth of “Web 3.0” (a new iteration of the internet based on blockchain technology) compared to 80% of women.
  • 61% of freelance women earn income from selling Metaverse-related services, compared to only 45% of freelance men.
  • 70% of respondents aged 45-54 claim to have taken advantage of the metaverse, while only 39% of respondents aged 25-34 have done so.
  • On the other hand, 70% of respondents aged 25-34 took advantage of NFTs compared to 52% of respondents aged 45-54.

It’s not all smooth. Freelancers trying their hand at the metaverse also have concerns.

  • 54% are concerned about privacy and cyber threats.
  • 39% are concerned about regulation (or lack thereof).
  • 37% believe there is a lack of knowledge and insight around this space.
  • 28% fear the lack of in-person connection associated with Web 3.0.

None of this slowed down the NFT train. Among the craziest NFTs sold to date:

  • Jack Dorsey sold his first Tweet, on Twitter’s launch day in 2006, for $3 million.
  • A pair of digital sneakers, for use in video games as part of a user’s avatar, costs $10,000 a pair.
  • You can purchase GIF images of Taco Bell menu items as NFTs.
  • For Star Trek fans, William Shatner sold old photos and even an x-ray of his teeth as NFTs.

For more survey results, please click here

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