NFT Scoring: An Analysis of the Considerable Features

Abstract

As a cutting-edge technology, non-fungible tokens (NFT) have attracted a great deal of attention since 2021. Considering the numerous applications of these non-interchangeable digital assets in various industries and their tradability, NFTs have become an important element of many investors’ portfolios. Therefore, in order to evaluate NFTs and determine their main value, different tools must be used. The purpose of this study is to understand the dominant factors that influence the valuation of NFT assets. The purpose of this paper is to present a novel methodology for constructing a utility valuation model for NFTs as a whole. We will be able to analyze and diagnose the dynamics and performance of NFT markets using this model. We developed three models for scoring NFTs in this study, which can be used to speed up the evaluation process in three different dimensions.