A Strategic Framework for Digital Asset Monetization Using Non-Fungible Tokens
Abstract
Blockchain technology has emerged as a ground-breaking trend in recent years, with the potential to drive global economic growth by shifting business models from human-based trust to technology-based trust. The core features of Blockchain, including transparency, high security, and fraud resistance, have been widely applied across many sectors. However, one of the greatest challenges in the digital economy is the validation of ownership, protection of copyright, and monetization of digital assets. This study focuses on solving this problem by providing an in-depth analysis of Non-Fungible Tokens (NFTs)—a specialized application of Blockchain. Through synthesis and analysis, this paper proposes a strategic framework using NFTs to enable businesses and creators to digitize, authenticate, and monetize their assets, particularly through an automated royalty mechanism.
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