Kompas sebagai media pemberitaan nasional telah bertransformasi selama 57 tahun dalam perjalanannya sebagai “Amanat Hati Nurani Rakyat”. Selama itu, Kompas telah berkembang dari media cetak dan merambah ke dunia digital berbasis internet mengikuti dinamika masyarakat. Sebagai bentuk eksistensi dan upaya perjalanan sejarah tersebut, Kompas berkolaborasi dengan seniman digital membuat sampul e-paper edisi 27/6/2022 dalam format NFT (Non-Fungible Token). Sampul berbasis digital ini menjadi menarik untuk dianalisis karena merupakan kolaborasi khusus menghadapi dunia digital virtual yang semakin berkembang masif. Penelitian ini berusaha memaparkan kajian visual berdasarkan keilmuan desain komunikasi visual. Pembacaan makna visual ini akan menggunakan analisis semiotika visual secara kualitatif deskriptif dengan pembacaan tanda-makna menggunakan Triadik Sumbo. Kajian tersebut dibantu menggunakan teori tanda oleh Charles S.Peirce dan kode-kode dari Roland Barthes. Hasil yang diperoleh dari penelitian ini akan memberikan sebuah gambaran akan realitas visual berdasarkan perkembangan teknologi dan budaya visual. Bagaimana kode-kode yang terdapat dalam tanda visual sampul e-paper Kompas mampu mengungkapkan makna konotatif selain makna denotatif dari redaksi Kompas sendiri. Sehingga pembacaan tersebut akan memperkaya kajian desain komunikasi visual sebagai penghasil tanda visual dalam dinamika masyarakat dalam menghadapi gempuran produk digital.
Luh Gede Kusuma Dewi, Nyoman Trisna Herawati, Made Arie Wahyuni
This research aims to determine the effect of perceived benefits, perceived convenience and perceived risk on cryptocurrency investment interest in the province of Bali. The population of this research are all students in the province of Bali. The sampling method in this research used a non-probability sampling method with an accidental sampling approach. The results indicate that The Effect of Perceived Benefits (X1) has a significant effect on Cryptocurrency Investment Interest (Y); The Effect of Perceived Ease (X2) and The Effect of Investment Risk (X3) has no significant effect on Cryptocurrency Investment Interest (Y). Based on the results of the R-Square test, perceptions of benefits, perceptions of convenience, and investment risk affect interest in cryptocurrency investment by 21.9%, while the remaining 78.1% is influenced by other variables outside of this research. It is hoped that this research will be useful for the development of future research.
 Key words : perceived benefits; perception of convenience; risk perception; investment interest; cryptocurrency
I Putu Okta Priyana, Made Ayu Jayanti Prita Utami, Upayana Wiguna Eka Saputra
With the use of blockchain technology, this research sought to understand the applications, benefits, and limitations faced by circular economy-based businesses. This research was conducted at the Plastic Bank Company, which used a digital conference room to allow interviews that could not be conducted in person, as well as the researcher's residence for online data gathering and document review. Five management members of the Plastic Bank Company comprise the sample population. The information used is first-hand information derived from interview findings. In order to acquire data, several methods including interviews, document analysis, and observation were applied and tested by Triangulation. The findings of this study revealed: 1) Companies with a circular economy may employ blockchain technology to change supply chain operations, tracking, and tracing. 2) Blockchain technology has benefits for businesses based on the circular economy, including easier distribution management, less duplicate papers, increased cost effectiveness, and the ability to turn plastic trash into digital cash. 3) The general public is still unaware of the use of blockchain technology for businesses that rely on the circular economy. Furthermore, the company's success is constrained on a small scale due to the absence of finance from affiliated parties. Therefore, in order to grow the use of technology on a big scale, this circular-based economy firm for plastic banks has to strengthen its performance and efforts.
Nurul Huda, Yeremias Lake, Detson Ray Halomoan Sitorus
Tujuan dilaksanakannya penelitian ini adalah untuk mengetahui apa saja strategi yang dapat diterapkan oleh para investor aset cryptocurrency agar mendapatkan tingkat return yang optimal. Pendekatan metode yang digunakan dalam penelitian ini adalah kualitatif library research. Sumber data yang dijadikan acuan dalam penelitian ini adalah data yang berasal dari artikel, buku, dan surat kabar dari media elektronik dengan kata kunci pencarian: cara berinvestasi crypto, teknik berinvestasi crypto dan strategi berinvestasi crypto. Data yang diperoleh kemudian dianalisis menggunakan software NVivo 10 Plus. Dari hasil penelitian ini didapatkan beberapa strategi berinvestasi pada aset cryptocurrency yaitu: menentukan tipe dan tujuan investasi, mempelajari aset cryptocurrency yang diminati, memilih aset cryptocurrency yang terpercaya, memilih exchange dan wallet yang aman, memperhatikan biaya layanan dan spread, jangan fears of missing out (FOMO), membeli pada saat harga rendah (support) dan jual ketika harga tinggi (resistance), melakukan diversifikasi dan migitasi risiko, berinvestasi di berbagai platform, tidak mudah panik dan berorientasi pada hold on for dear life (HODL), senantiasa mengikuti informasi perkembangan cryptocurrency, mengikuti dan bergabung pada komunitas cryptocurrency, dan rutin melakukan dollar-cost averaging (DCA).
Cryptocurrency instruments show an increase in the number of investors in Indonesia, the increase in cryptocurrency investors is even bigger than the number of stock investors in the Indonesian capital market, even though stock investors also increase. The increase in stock and cryptocurrency investors is an indication that the investment climate in Indonesia is starting to improve, this must be accompanied by increased financial literacy regarding the returns and risks of an investment instrument, this research is important considering that understanding the returns and risks of an investment instrument is crucial in the decision making. The test in this study uses a descriptive statistics and independent sample t-test, if the sample does not meet the requirements of the parametric statistical test, it will use the nonparametric statistical test Mann Whitney Test, which aims to determine whether there is a difference in return and risk of cryptocurrencies and sharia stock prices for the period January 2015 to October 2021. This study finds that there are significant differences in the returns and risk of cryptocurrencies and Sharia Stocks. Based on descriptive statistics, the standard deviation of cryptocurrency returns is greater than the standard deviation of Sharia stocks, indicating that cryptocurrency risks are higher than Sharia Stocks.
The transformation of information technology gave birth to the latest innovations, one example of which is public access to the financial transaction sector. The purpose of this study is to determine the effect of tax collection on cryptocurrency transactions and financial literacy on the intention to invest in cryptocurrency. This research uses a type of research using quantitative methods whose data uses statistical analysis and uses numbering. The population used in this study is all millennial generation in the istmewa area of Yogyakarta. The sample used for this study was a millennial generation with an age range of 18-50 years totaling 114 people. Sample collection technique with snowball sampling model where the distribution of questionnaires to resonence is carried out online, how to distribute questionnaires using social media (WhatsApp, Twitter, and Instagram). The study used multiple linear regression analysis. In the research that has been done, it can be concluded that tax collection on cryptocurrency transactions does not have an influence on investment intentions. Financial literacy has a positive influence on the intention to invest in cryptocurrencies. The results of research and discussion of each variable illustrate that financial literacy has an influence on the intention to invest in cryptocurrency for respondents, most of whom are students. This proves that financial literacy such as understanding and skills in managing finances have been applied well by students when deciding to invest.
The objective of this paper is to analyze the debate about cryptocurrency as money from an Islamic point of view. Money in Islam that is based on urf of custom has also some requirements, such as its stability. Some fatwas in Indonesia regarding the legitimacy of cryptocurrency must be evidenced with an empirical-based. The study used 25 cryptocurrency prices and related information. By employing ARCH and GARCH, the study revealed that cryptocurrency is hugely volatile and, thus, does not fulfill such criterion as money from an Islamic perspective, and is normally used for speculation. Hence, this study suggests that cryptocurrency is still reluctant to be used for a transaction.
Charity organizations are susceptible to the same kinds of fraud that harm businesses because donors lack confidence in how their money is being used. the requirement to provide a unified platform for monitoring donations that will monitor all data related to donations transactions and donors Lack of trust on the part of donors in how donations are used is a result of skepticism over how donations are used. Building a single platform for tracking donations that would manage all information regarding gift transactions is essential since charities are vulnerable to fraud that affects corporations, such as executive misuse of funds and embezzlement. Keywords—Transparent system, Smart contract, Blockchain, Charity, Ethereum, Digital charity.
Diaz Pranita, Sri Sarjana, Budiman Mahmud Musthofa, Hadining Kusumastuti · 5 authors
Smart destinations require a management system that provides convenient real-time use of digital technology in creating, communicating, and delivering value to visitors. Research related to smart island destinations is still limited, let alone those that utilize blockchain technology to create the smartness of the destination. This research is an empirical study that captures the perceptions of stakeholders in the blue economy on smart islands and the use of blockchain technology in order to build smart islands, a destination that consists of many islands that lack connectedness, such as the Seribu Islands in Jakarta, Indonesia. Data were collected using qualitative and quantitative approaches (mixed methods). Qualitative data were collected from scientific journal publications and followed up with VOS viewer analysis, and quantitative data with the questionnaire survey responses from 150 blue economy industry players in the Seribu Islands and structural equation modeling showed that good digital literacy and blue economy management have significant influence on blockchain technology and impact smart islands. This study indicates that, for islands that have challenges in accessibility and connectivity, the presence of blockchain and smart technology is needed to integrate various resources from each stakeholder so that the blue economy in the islands can be developed more effectively and efficiently, while at the same time ensuring the achievement of sustainability.
Muḥammad Muḥammad, Driana Leniwati, Agung Muhammadiyah Prasetyo N.W, Ahmad Juanda · 6 authors
This research is motivated by the increase in the number of investors from 2019-2021. This increase indicates that the Indonesian people have become increasingly interested to invest in cryptocurrencies while the price of cryptocurrency is very volatile so that it can be formulated in this study what factors cause investors to be interested to invest in cryptocurrencies based on attitude, subjective norms and perceived behavioral control. This study aims to determine the effect of attitude, subjective norms and perceived behavioural control on the intention to invest in cryptocurrency. This study used a quantitative approach with primary data of survey questionnaire to collect from a sample of 81 respondents using non probability with convenience sampling method. The collected data in this study was analysed using Structural Equation Model-PLS. The results of this study state that attitude, subjective norms and perceived behavioural control have a positive significant effect on the intention to invest in cryptocurrency

 The quality of the Maluku Province's financial performance is measured by the degree of decentralization ratio showing the low financial performance of the Maluku Province in 2017-2021 out of a total count of eleven city districts. If you calculate the total average value of the degree of decentralization ratio for 2017-2021 Maluku Province is 4.09%. This figure illustrates that the quality of Maluku Province's financial performance is very low in the 2017-2021 period. The financial independence ratio of Maluku Province is instructive with the average percentage of districts/cities below 25%, meaning that Maluku Province's dependence on central government assistance is quite large for financing regional development. The regional financial effectiveness ratio of Maluku Province is in the category of ineffective regional financial performance. Of the eleven regencies/cities of Maluku Province, only five regencies/cities are categorized as effectively balanced, but the 2017-2018 period is not complete for the 2017-2021 period. The accumulative total analysis shows that Maluku Province is classified as an ineffective regional financial province.
 Keywords: Quality of financial performance; Maluku Province.
This research is to find out and analyze NFT as an object of income tax in Indonesia and the Indonesian Government's efforts to realize it. Through the normative juridical method, research was produced that the essence of the income obtained from the NFT is income that goes into the object of income as contained in article 4 paragraph (1) of Law Number 36 of 2008 concerning Income Tax, however, the imposition of income tax in NFT transactions is still self-assessment, where taxpayers must calculate, pay and report independently, considered prone to causing non-compliance of taxpayers due to a lack of correct understanding regarding the mechanism of taxation. Until now, Indonesia does not yet have regulations that can accommodate the development of digital financial assets and products, especially for NFTs so it is prone to causing taxpayer non-compliance because special tax regulations have not been established regarding income from NFTs.
Adhi Kusnadi, Yandra Arkeman, Khaswar Syamsu, Sony Hartono Wijaya
Consuming halal food is mandatory for Muslims, but meeting the growing demand for halal products has been a challenge for Muslim producers. Importing halal products from non-Muslim countries can raise doubts about their halal status. Therefore, a traceability system is needed to ensure the halalness of products. This research proposes a new traceability system by utilizing ERP, Blockchain, and smart contract technologies based on HAS 23000. This study is the first to combine these technologies. Using the System Development Life Cycle (SDLC) method, the design diagram has been successfully developed into an application system prototype. The use of ERP can help companies reduce operational costs, while the combination with blockchain technology ensures more transparent information, data protection, and system security. The system also uses smart contracts to make automated decisions. By managing the procurement of halal products, companies can ensure that products with halal assurance reach consumers.
Paulus Israwan Setyoko, Denok Kurniasih, Shadu Satwika Wijaya
The pandemic has resulted in changes to public policy, particularly in public budgeting. This is the case not only at the central level but also at local and village government levels. The challenge of changing public policy also occurs in the fiscal policy sector. Village governments are required to reallocate their budgets for activities to handle the pandemic and post-pandemic economic recovery. Hence, this article aims to describe changes in village government budgeting policy changes from the perspective of punctuated equilibrium in public policy studies. The data in this study were obtained through focus group discussions and secondary data collection. The study found that the political equilibrium of a policy cannot last forever. Policy changes occur if there is a change in the agreement between policy-making actors. Public policy changes have so far been understood to occur slowly and gradually. However, this article proves that it can occur drastically and within a short period of time. Keywords: fiscal decentralization, local autonomy, policy change, public finance, punctuated equilibrium public policy, rural local government budget
Cryptocurrency is a centralised network currency system that can connect users without intermediaries or third parties such as banks or governments. Countries globally have different attitudes in drafting regulations regarding cryptocurrencies; some accept, reject, or are neutral. The application of cryptocurrency as a payment medium has not yet been regulated in Indonesian legal jurisdiction. However, cryptocurrencies have various opportunities that can positively impact the country's economy. Indonesia must face various challenges in implementing cryptocurrency as payment. This study examines the opportunities and challenges of implementing cryptocurrency as a payment medium by using a responsive legal theory review. The study was carried out using doctrinal research methods. Indonesia's cryptocurrencies currently do not have a lex specialist (particular regulation). However, the application of cryptocurrency as a payment medium can increase e-commerce transactions, have a payment system with high confidentiality and security, and fast, precise, and low-cost transactions. The challenges that must be implemented are developing institutions and legal constitutions that regulate cryptocurrencies as a payment medium, developing blockchain systems and their application in cellular technology.
Cryptocurrency is becoming more and more popular as an investment asset. With a high risk high return characteristic of cryptocurrency, doesn’t stop people from investing into cryptocurrency. This research will study empirically regarding determinants behind cryptocurrency investment decisions with The Theory of Planned Behavior applied and added perceived risk as extra variable as well as the mediating role of attitude in behavioral intention to invest in cryptocurrencies. It is found that attitude, perceived behavioral control and subjective norm are key drivers behind cryptocurrency investment decision with perceived risk not affecting the behavioral intention. Attitude also mediates relationship between perceived behavioral control and subjective norm towards behavioral intention while attitude fails to mediate perceived risk towards behavioral intention to invest in cryptocurrency
Public interest in cryptocurrencies and NFTs has increased since the Covid-19 pandemic, especially for artists and art lovers. The function of NFTs is to apply the usability of credits or royalties to a work. Hic et Nunc is an alternative marketplace that is known to be environmentally friendly compared to other Ethereum-based marketplaces that are known for high gas fees and ecological issues. Unfortunately, in the midst of its popularity, Hic Et Nunc was discontinued without any warning and its website is no longer accessible. This situation created sites that mirrored Hic Et Nunc such as objkt.com or henext.xyz. This research discusses the factors that make art collectors have loyalty to Hic Et Nunc by staying and not switching to the dominant market location. The research method was based on a descriptive qualitative approach with in-depth interviews with 3 informants, all of whom are active art collectors and loyal to the Hic Et Nunc marketplace. Based on consumer behaviour theory and market theory, the results stated that collectors are influenced by their work, social and cultural environment. Besides, the factors for choosing Hic et Nunc as a marketplace include being an alternative platform to the dominance of Ethereum, a digital investment medium and recognition by the social environment.Keywords: NFTs, Hic et Nunc, Collectors, Marketplaces
Hendriyati Haryani, Syahrul MuArif Wahid, Anandha Fitriani, Muhammad faris Ariq
Dalam dunia pendidikan terdapat 2 aspek yang digunakan sebagai solusi untuk mendukung pendidikan yang lebih baik. Aspek pertama berupa konsep blockchain modern yang memiliki potensi positif apabila diterapkan dalam dunia pendidikan. Aspek kedua berupa konsep kegiatan pembelajaran bersaing dalam bentuk pekerjaan berupa gamifikasi. Blockchain dan gamifikasi adalah topik yang berkembang pesat di bidang akademis dan bisnis, mewakili perubahan paradigma dari komputasi terpusat ke desentralisasi. Namun permasalahan pada saat ini, masih minimnya penelitian mengenai blockchain yang diimplementasikan pada bidang gamifikasi pada dunia pendidikan masih minim jumlahnya. Kedua bidang tersebut dapat dikembangkan lebih lanjut secara intensif sebagai bagian dari pengenalan TIK dalam pengajaran mendalam dan juga dalam pendidikan orang dewasa. Sehingga, tujuan dari penelitian ini yaitu untuk menganalisis peluang penerapan teknologi blockchain dan gamifikasi di dunia pendidikan. Metode yang digunakan adalah Systematic Literature Review (SLR) untuk mengidentifikasi jenis teknologi blockchain dan gamifikasi yang telah digunakan secara terstruktur di dunia pendidikan. Hasil dari penelitian ditemukan bahwa teknologi blockchain dan gamifikasi dapat memberikan solusi bagi dunia pendidikan.
In this era of global economic development, especially in Indonesia, it is inseparable from elements of high technology such as information. The development of information technology considers all fields, including the financial sector. Cryptocurrency, often called virtual/digital currency, results from the evolution of financial technology. Digital currency is widely used as a payment method on the Internet. This currency was created to provide convenience and security when making payments—with the included blockchain technology, reducing transaction costs. However, in this case, Bank Indonesia, the government has banned digital/cryptocurrency transactions because it hurts the Indonesian financial system, currency stability, and payment system. This study explains the impact of cryptocurrencies on the Indonesian economy and the government's attitude towards the technology it contains. In terms of the technology offered, cryptocurrency is an evolution of financial technology and will allow financial transactions to replace paper money with digital money in the future. The government will study more deeply the technology contained in cryptocurrencies. The policies made later will not prohibit the technology contained in cryptocurrencies. In general, it provides knowledge to gain a deeper understanding of cryptocurrencies. You will be able to do it.
Investasi menjadi salah satu kegiatan yang digemari oleh masyarakat karena dapat meningkatkan keuntungan dari kegiatan tersebut. Ragam media investasi sangatlah banyak salah satunya adalah cryptocurrency dalam bentuk bitcoin yang saat ini marak beredar. Tujuan penelitian untuk mengetahui segmen manfaat dari kegiatan investasi yang dilakukan menggunakan cryptocurrency dalam bentuk bitcoin. Metode penelitian yang digunakan adalah metode penelitian kualitatif. Hasil penelitian menunjukkan bahwa, bitcoin mampu dan dapat digunakan sebagai alat alternative dalam menjalankan kegiatan investasi karena beberapa manfaat seperti (1) keunggula bitcoin mengenai stabilitas harga di pasar global yang dapat dipergunakan sebagai simbolik kestabilan harga di dunia, (2) bitcoin memiliki kemudahan proses pembayaran hanya dengan memanfaatkan website yang dipergunakan untuk menjalankan kegiatan transaksi, (3) bitcoin telah mendapat legalitas dari banyak pihak sehingga kegunaannya sangat kompleks dan mudah untuk dikelola, (4) bitcoin mampu memberikan sumbangsih dalam menuntaskan berbagai masalah perekonomian seperti kegiatan inflasi.
I Gusti Made Teddy Pradana, Taufik Djatna, Irman Hermadi, Indah Yuliasih
Coffee is a crucial agricultural commodity in developing nations like Indonesia; so it is important to implement a trustworthy traceability system for the product. However, there are no established guidelines for developing a blockchain-based traceability system that the coffee industry can adopt. Therefore, this study aims to present a Digital Business Ecosystem (DBE) framework and a blockchain-based traceability system prototype for Indonesian coffee. The study process involved a literature review, field observations, and the creation of the proposed frameworks and prototypes using an integrated rapid prototyping method. The proposed DBE framework has three layers: business, digital, and infrastructure, while the prototype has use case diagrams and a model of functional, technological, and transaction flows. The system was validated through deployment tests such as recording-tracking coffee data using Ethereum smart contracts and interplanetary file system. The interconnectivity was verified through a mobile-based user interface design that includes registration and login pages, a main page, a transaction confirmation page, and a traceability page. It was discovered that the proposed framework and prototype have a high potential for real-world implementation due to their ability to effectively address the challenges and promote a positive business community culture while being supported by the mapped DBE layers. Further study is recommended to test and enhance the proposed framework and prototypes and examine the relationship between system development and technology adoption. Moreover, managerial insights were provided to the coffee business community, policymakers, and developers for the successful development of Indonesian coffee DBE with the blockchain-based traceability system.
Currently, the use of cryptocurrency has been increasingly popular around the globe. In fact, cryptocurrency became the special topic in the 2018 G20 Summit in Buenos Aires. Moreover, in 2021 El Salvador has become the first country in the world to declare Bitcoin as its legal medium of exchange other than US Dollar. In Indonesia the use of cryptocurrency is also growing rapidly. According to Indonesia Crypto Outlook Report 2020, there was a 2,263% increase of cryptocurrencies users from 2015 to 2020, with the total number of users in Indonesia reaching 1,547,329 persons. Based on this development, it is necessary to conduct research to observe what factors influence the use of cryptocurrency in Indonesia. Previous study about behavioral intention in the use of cryptocurrency found four influencing factors, which are performance expectancy, social influence, effort expectancy and facilitating conditions. This research aims to determine the influence of those four factors to behavioral intention to use cryptocurrency in Indonesia. It uses a quantitative approach with survey as its method. Furthermore, the data is analyzed using multiple linear regression techniques. Tests carried out included validity & reliability tests, normality tests, multicollinearity tests, heteroscedasticity tests, autocorrelation tests, F tests and t tests. The results of the study show that performance expectancy, social influence, effort expectancy and facilitating conditions have a significant effect on behavioral intention to use cryptocurrency.
Ni Wayan Mega Sari Apri Yani, I Made Trisna Semara, Putu Eka Wirawan
Pengabdian ini didasarkan untuk membantu kelompok seni lukis di Desa Wisata Sayan Kecamatan Ubud Kabupaten Gianyar dalam mengatasi penurunan nilai komersial seni lukis, dan menciptakan model pemasaran yang dapat berkontribusi terhadap para seniman. Sehingga mampu meningkatkan nilai jual karya seni para seniman di Desa Wisata Sayan. Berkaitan dengan masalah tersebut kegiatan pengabdian masyarakat ini memberikan solusi untuk menyelesaikan persoalan tersebut dengan memberikan bantuan mengkomersilkan karya seni melalui NFT (Non-Fungible Token) dan mempromosikan dengan melibat influencer mahasiswa IPBI. NFT memerlukan platform berbasis blockchain agar dapat berjalan. Metode pengabdian yang digunakan adalah dengan metode survey, metode partisipatory rural apprasial (PRA), pemberian Pelatihan, Pendampingan, dan Monitoring. Tujuannya adalah untuk meningkatkan kualitas meningkatkan nilai komersial seni lukis para seniman di Desa Wisata Sayan Kecamatan Ubud Kabupaten Gianyar.
Open access
SMEs Development and Digital Marketing
Blockchain Technology in Education and Learning
Community-based Tourism Development and Sustainability
Phi Dinh Hoang, Emmanuel L. C. VI M. Plan, Nguyễn Thị Ngà
PurposeAs an emerging technological and financial asset, non-fungible tokens (NFT) have yet to be completely understood and, owing to bubble-like behavior along with pandemic effects, literature has mostly focused on pricing mechanisms and spillover effects between cryptocurrency and NFTs.This work aims to determine the significant determinants of trading activity in NFT collections quantified by the number of transactions as a means to characterize NFTs investors behaviours. Design/methodology/approachNFTs collection-week data from the Ethereum blockchain were scraped.Together with collection-specific features, we employ factor analysis and rich regression estimation to identify the factors that are significantly correlated to trading activity. FindingsOur results, consistent across the different models and methodologies, indicate that the historical transaction and pricing as well as Ethereum market activity are the important determinants of NFTs trading activity.Certain collection-specific properties also show significant relationship with NFTs trading activities, such as age, size, creators commision, collection attention, and utility. Research limitations/implicationsOur work calls for more studies to fully understand the effect of wash trades and on NFT market activity. Practical implicationsOur results give recommendations to NFT investors and can guide them in performing sensible investment decisions at the level of selecting potential liquid and valuable collections.Given NFTs trading activity closely associate with NFTs market liquidity, understanding the determinants of NFTs trading provide important implications for preventing market failure.