The Analysis of Pricing of Non-fungible Token from a Game Theory Perspective

Abstract

ith the development of the metaverse, the deals of non-fungible Token(NFT) became hot. However, it is very difficult to evaluate the value of NFT because of the influence of its own nature. Although there are many valuation models for NFT, investors still cannot get the accurate and true value of NFT. Such inaccurate estimates will influence the strategy of investors. To understand and alleviate this effect. This article will use evolutionary game theory to construct model to analyze how should sellers and purchasers choose their strategy with the help of valuation models so that they can avoid risk. The conclusion shows that for the sellers, when the earnings of pricing over valuation overcomes is higher than pricing equal to the valuation, it is better to choose the strategy of pricing over valuation. For the purchasers, when the net profit of purchase is positive, it is better to choose the strategy of purchase.