The Business Prospect in Metaverse and NFT Era (User, Accountant, and Gaming Community Perspectives)

Abstract

Non-Fungible Token (NFT) has been growing extraordinarily in recent years. The concept of NFT is essentially a digital asset that operates based on smart contracts on a blockchain that were traded with cryptocurrencies such as Ethereum, Tezos, Solana, etc. Public attention toward NFTs has exploded in 2021. Despite its popularity and skyrocketing trading prices, little is known about the economics, people's perceptions, and experiences with NFTs. Therefore, This study aims to provide diverse understandings of NFT, the benefits & drawbacks of NFT, and the potential of NFT and metaverse according to them. In this paper, researchers perform a qualitative study which consists of 18 respondents, including users, accountants, and gaming community. This research uses a semi-structured interview and descriptive analysis method. The conclusion drawn from this study is that this research recommends readers for utilizing NFT and we expect readers to find this research useful.