January 1, 2022· Marketing Letters
article
Open access
Crypto-marketing: how non-fungible tokens (NFTs) challenge traditional marketing
Authors:Reto Hofstetter *Emanuel de BellisLeif BrandesMelanie CleggCait LambertonDavid J. ReibsteinFelicia RohlfsenBernd H. SchmittJohn Z. Zhang
Abstract
Abstract In this article, we argue that non-fungible tokens (NFTs) challenge established marketing understanding of digital ownership, uniqueness, and value; authenticity, status, and sharing; and branding and distribution. We propose a set of preliminary research questions rooted in these areas, in hopes of offering entry points to future programmatic investigation of the broader field of “crypto-marketing.” This emerging subdiscipline offers opportunities to expand our understanding of consumer behavior, pricing, and product design and may be crucial in predicting the future of our discipline as NFTs further evolve.
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