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635 results ¡ page 21 of 27
JyingâNan Wang, YenâHsien Lee, HungâChun Liu, YuanâTeng Hsu
No abstract is available for this record.
Sudheer Chava, Fred Hu, Nikhil Paradkar
Abstract We proxy retail investor attention through Google Trends and find that fungible and non-fungible crypto tokens generate greater attention from high-gambling propensity regions. Crypto attention is higher during bubble-like episodes in the crypto market and for more lottery-like tokens. Moreover, retail crypto attention decreases after sports gambling is legalized. Higher token attention is associated with more contributors and higher fundraising. However, consumer credit default rates spike after periods of high crypto attention, but solely in the subprime segment. Overall, our findings suggest that gambling preferences strongly predict retail investor interest in the crypto market.
Filippo Zatti
Italy is distinguishing itself as one of the pioneers of crypto art and among its most important âproducersâ. If domestic blockchain technology-based industry is lacking, its applications in the field of art are fuelling a cultural awakening in the country. NFTs are pushing a sector different from the one in which the creative industry traditionally deployed, so much so that it is named âCrypto Renaissanceâ. However, the need undermines this promising opportunity for a clear regulatory framework while waiting for future EU Regulations. However, the MiCAR proposal, in its current version, excludes from its scope NFTs, leaving space for the Member States. How Italy could use this space to create a market for NFTs in Italy by reviving the lustre of the past and taking advantage of the technologyâs development opportunities for the future is yet to be seen.
Roberto Moro Visconti
No abstract is available for this record.
Roberto Moro Visconti
No abstract is available for this record.
Mieszko Mazur, Miguel Vega
This article investigates the emerging segment of the cryptocurrency market related to football fan tokens (FFTs)âdigital assets used for engagement with professional football clubs around the world. More specifically, the authors study the investability of FFTs from the perspective of risk and return. They find that FFTs generate a whopping 150% return on the first trading day. This return is significantly larger if the FFT market cap is higher, the FFT offer price is lower, the football team displays better historical performance, and the team is located in a relatively small metropolitan area with a high GDP per capita. They also find that in the long run, FFTs severely underperform all major crypto benchmarks, including NFT, DeFi, Meme, and bitcoin. Moreover, the returns to FFTs tend to be highly volatile (160% annualized). Intriguingly, they show that the real-life performance of football teams does not affect the contemporaneous market performance of their FFTs.
Aparna Samudra
No abstract is available for this record.
Yu Wang
No abstract is available for this record.
Florian Horky, Carolina Rachel, Jarko Fidrmuc
While the traditional art market stagnates, the digital art market is booming partially due to its connection with non-fungible tokens, which allow any unique goods to be mapped in a digital environment. Using unique individual data from the online art NFTs marketplace SuperRare, we combine econometric tools with recent machine learning approaches. This approach allows us to define explanatory variables out of the NFTs descriptions for our Hedonic pricing approach. Using these variables, we are able to show that our Hedonic pricing models exhibit relevant informational value for NFTs prices. Moreover, we show that NFTs cannot be viewed as a simple derivative of cryptocurrencies.
Mr.Vimu Ram Kale Kale, Chandrani Singh, Dr.Sunil Khilari
Non-Fungible Tokens (NFTâs) indicate the creation of a blockchain-based digital certificate of authenticity that is comparable to other virtual crypto assets and currencies. The use of blockchain technology and the exchange of digital currency have become increasingly widespread in recent years. Having said that, as has been shown in recent years, the NFT market is also booming. The very idea of NFT is derived from an Ethereum token standard that aims to separate and recognise each token with its distinct signature being tied with digital attributes. India has also seen increased interest in this digital sector, particularly from the future new-age investors and digital innovators, as a result of the spectacular return on its quickly expanding global market. However, due to the early stage of the NFT ecosystem's growth, India lacks a regulatory legislative framework to oversee such immature digital crypto assets. There are several legal complexities surrounding them, which has made it difficult to determine their legal legitimacy and sanctity. New artists could have a tendency to become lost in this chaotic growth in the absence of comprehensive descriptions. This paper aims to examine the idea of NFT in comparison to bitcoin and copyright, as well as its operational and technological elements. It attempts to examine the legal hazards that affect its operation as well as the potential and difficulties the Indian legal system has with regard to crypto-assets.
Joshua T. White, Sean Wilkoff, Serhat Yildiz
No abstract is available for this record.
Christopher Yencha
No abstract is available for this record.
Sean Basu, Kimaya Basu, Thomas H. Austin
Abstract Non-fungible tokens (NFTs) have been used as a way of rewarding content creators. Artists publish their works on the blockchain as NFTs, which they can then sell. The buyer of an NFT then holds ownership of a unique digital asset, which can be resold in much the same way that real-world art collectors might trade paintings. However, while a deal of effort has been spent on selling works of art on the blockchain, very little attention has been paid to using the blockchain as a means of fundraising to help finance the artistâs work in the first place. Additionally, while blockchains like Ethereum are ideal for smaller works of art, additional support is needed when the artwork is larger than is feasible to store on the blockchain. In this paper, we propose a fundraising mechanism that will help artists to gain financial support for their initiatives, and where the backers can receive a share of the profits in exchange for their support. We discuss our prototype implementation using the SpartanGold framework. We then discuss how this system could be expanded to support large NFTs with the 0Chain blockchain, and describe how we could provide support for ongoing storage of these NFTs.
Elli Kraizberg
Abstract The viability of exponentially growing non-fungible token (NFT) market is evaluated by identifying potential value-generating mechanisms that can be rationalized. After identifying the value-generating mechanisms underlying the positive values of NFTs, this study establishes a pricing model for NFTs that follows a continuous-time financial framework. As NFTs are claimed to securitize âownership rights short of useâ, and as such they may potentially serve as a substitute for the need to rely replace the reliance on the legal protection provided by intellectual property rights (IPRs). Considering this issue, this study evaluates the likelihood that NFTs will replace existing mechanisms that protect producersâ rightful claim to use their assets or the need to apply the legal code that governs IPRs. The financial condition for this potential shift is derived for a category of assets whose use or consumption does not reduce supply as the notion of scarcity does not apply.
Te Bao, Mengzhong Ma, Yonggang Wen
In this study, we empirically examine the existence and dynamics of herding in the burgeoning market of non-fungible tokens (NFT). We find supportive evidence of the existence of herding in this market, the dynamics of which appears to be event-driven. A large inflow of newcomers or inexperienced investors can serve as a trigger of herding. Meanwhile, unlike in traditional asset markets, herding in NFT markets does not appear to happen across submarkets.
Haitham Nobanee, Nejla Ould Daoud Ellili
As bibliometric analysis has become very popular in various academic fields, this paper reviews the literature on Non-Fungible Tokens (NFTs). NFTs are tradeable rights that can be used to acquire ownership of digital assets such as music, videos, and images (Dowling, 2022b). They became the first blockchain technology application to achieve clear public prominence in early 2021. In this study, 12 clusters were identified. In addition, the results indicate that NFTs have become more widely used in blockchain research because of their significant contributions. The findings of this study present future research directions in the field of NFTs.
Reto Hofstetter, Emanuel de Bellis, Leif Brandes, Melanie Clegg ¡ 9 authors
Abstract In this article, we argue that non-fungible tokens (NFTs) challenge established marketing understanding of digital ownership, uniqueness, and value; authenticity, status, and sharing; and branding and distribution. We propose a set of preliminary research questions rooted in these areas, in hopes of offering entry points to future programmatic investigation of the broader field of âcrypto-marketing.â This emerging subdiscipline offers opportunities to expand our understanding of consumer behavior, pricing, and product design and may be crucial in predicting the future of our discipline as NFTs further evolve.
Bradley J. Baker, Anthony D. Pizzo, Yiran Su
Non-fungible tokens (NFTs) have gained considerable media attention and sparked growing public interest. NFTs are unique units of data recorded on a permanent ledger or blockchain. NFTs are used to record ownership of both physical and digital goods. Prominent sport organizations have embraced NFTs for innovative growth opportunities such as generating revenue via novel digital products (e.g., digital collectibles). For example, the National Basketball Association (NBA) launched NBA Top Shot, an online marketplace to buy and sell digital sports highlights. Sport organizations are exploring future innovation opportunities where there is a need to reliably track and verify authenticity or ownership of digital or digitizable assets. This includes existing sport products (e.g., tickets) and novel fan engagement initiatives. To benefit from NFTs, sport managers need to reconceptualize how sport is marketed and managed in a digital domain. The purpose of this research primer is to acquaint readers with key concepts related to NFTs. Specifically, we provide an overview of NFTs, offer a review of the brief history of NFTs, conceptualize NFTs via parallels with collectibles, and address the speculative nature of the NFT market. We conclude by outlining innovative growth opportunities of NFTs for sport managers and future research directions for sport management scholars.
Nicola Borri, Yukun Liu, Aleh Tsyvinski
No abstract is available for this record.
Shah Nawaz Jelil
NFTs have boomed in the recent past and have implications in several fields of science. In this article, I delve into the implications and potential advantage and challenges in the use of NFTs in the field of conservation science.
Rasha Almajed, Abedallah Zaid Abualkishik, Amer M. Ibrahim, Nahia Mourad
Non-Fungible Tokens (NFTs) are one-of-a-kind digital items with static or continuous visual and audio content. NFTs digitally represent any assets that may hold photos, gifs, audio, videos, or any other data-based storable material. These assets may come under a variety of asset groups, including art, in-game goods, and entertainment collecting units. What makes them appealing is their exclusivity, in the sense that each NFT is unique to itself, and ownership is determined by a digital certificate. In the first half of 2021, NFT sales totaled more than a billion. The NFT Software as a service (SAAS) based system is a one-of-a-kind offering and concept for thinking outside the box and presenting intellectuals and creative treasures and exhibiting these objects to ensure the security and integrity of digital assets. The existence of core decentralized networks allows for unrestricted access to this material as well as further analysis. Based on the Web3 Blockchain technology, these assets may be traded and represent next-generation ownership. In this paper, Adaptive Improved Convolutional Neural Networks (AICNN) are used to forecast NFT to provide a SAAS NFT collector. We also introduce Tree-seed Chaotic Atom Search Optimization (TSC-ASO) algorithm to optimize the forecasting process. The proposed method of NFT price forecasting is evaluated and compared with the existing forecasting methods. To produce an accurate report for NFT price forecasting, the proposed method will be effective.
Doaa Abdou, Fatma Elnasr
This paper focuses on the technology impact via Blockchain to change consumer behavior in the digital art industry. The paper objectives are three folds: first, analyze the impact of Ethereum in selling digital artwork and on the bank world. Second, investigate the effects of Non-Fungible Token on the art industry. Third, highlight how people can sell their artworks, tweets, or even memes for thousands of dollars. Fourth, explain the effect of Ethereum in creating value for artwork and why a meme that includes nothing unique to be sold for an unbelievable price? The paper provides insights on the future of the digital arts industry and the rational behavior of the developers, artists, and even customers, as the three parties shape the business of the NFLâs success. It reflects on the investment behavior in digital arts and the importance of a secure long-term investment for a niche segment that seeks to satisfy their need of acquiring unique products. The paper serves as a guide for digital art and focuses on how AI applications create profitable markets.
Ariana Colleen Colleen Schrader-Rank
I propose that non fungible tokens (NFTs) will affect the greater public, and specifically the art market, at an exponential rate due to three factors. The first, scarcity mindset, drives the human sense of urgency for a particular commodity (Garvey, 2021). The next factor is the potential use of NFTs in real world applications or throughout the economy. The attraction of NFTs is that they are indiscriminate and allow anyone from various socioeconomic backgrounds to buy in. As scarcity seemingly increases, NFTs appear to be a good investment; but are there real world applications or do they merely exist within the virtual realm? The last determinant I would like to explore is the environmental impact of NFTs on the physical world. When comparing virtual âtokensâ used to fund digital art to paper money exchanged for a piece of physical artwork in concrete space, theoretically the former is much less detrimental to society. However, through practice-led research, I have conducted a six month investigation from May 2021 through October 2021 to uncover the true ramifications NFTs have on the world.
Wajiha Rehman, Hijab e Zainab, Jaweria Imran, Narmeen Zakaria Bawany
Before the widespread application of blockchain-based technologies, the mechanisms in place for verifying ownership of digital assets and thus, means of securing them remained susceptible to tampering that translated into significant losses. Decades of research and advancements in blockchain led to the development of Non-Fungible Tokens (NFTs), which are tokens that represent digital assets and have proof of ownership embedded. The novel characteristic of each token being unique and distinctive from another has strengthened the security of assets and reinforced unique ownership. This cutting-edge technology continues to grow and capture the attention of the masses as more applications of NFTs are identified with time. This research aims to present a comprehensive overview of NFT and its underlying core technologies, namely blockchain and Ethereum. Further, numerous platforms for buying and selling NFTs are presented along with the applications of NFTs across various sectors including education, fashion, sports, and digital art. Moreover, the paper highlights the key challenges in adaptation of NFT technology from the perspective of security, privacy, environmental impact, ownership, governance, and property rights.