Don't miss out on NFTs?! A sentiment-based analysis of the early NFT market

Horky, Florian; Dubbick, Lili; Rhein, Franziska; Fidrmuc, Jarko

doi:10.1016/j.iref.2023.07.016

International Review of Economics & Finance

2023

DOI: 10.1016/j.iref.2023.07.016

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Don't miss out on NFTs?! A sentiment-based analysis of the early NFT market

Florian Horky,

Lili Dubbick,

Franziska Rhein

et al.

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2024

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Cited by 12 publications

References 63 publications

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Dutch auction dynamics in non-fungible token (NFT) markets

Shannon,

Dowling,

Zhaf

et al. 2024

Economic Modelling

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Dutch auction dynamics in non-fungible token (NFT) markets

Shannon,

Dowling,

Zhaf

et al. 2024

Economic Modelling

View full text Add to dashboard Cite

Reflections of public perception of Russia-Ukraine conflict and Metaverse on the financial outlook of Metaverse coins: Fresh evidence from Reddit sentiment analysis

Ghosh,

Alfaro-Cortés,

Gámez

et al. 2024

International Review of Financial Analysis

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Characteristics of price related fluctuations in non-fungible token (NFT) market

Szydło,

Wątorek,

Kwapień

et al. 2024

Chaos: An Interdisciplinary Journal of Nonlinear Science

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A non-fungible token (NFT) market is a new trading invention based on the blockchain technology, which parallels the cryptocurrency market. In the present work, we study capitalization, floor price, the number of transactions, the inter-transaction times, and the transaction volume value of a few selected popular token collections. The results show that the fluctuations of all these quantities are characterized by heavy-tailed probability distribution functions, in most cases well described by the stretched exponentials, with a trace of power-law scaling at times, long-range memory, persistence, and in several cases even the fractal organization of fluctuations, mostly restricted to the larger fluctuations, however. We conclude that the NFT market—even though young and governed by somewhat different mechanisms of trading—shares several statistical properties with the regular financial markets. However, some differences are visible in the specific quantitative indicators.

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Don't miss out on NFTs?! A sentiment-based analysis of the early NFT market

Cited by 12 publications

References 63 publications

Dutch auction dynamics in non-fungible token (NFT) markets

Dutch auction dynamics in non-fungible token (NFT) markets

Reflections of public perception of Russia-Ukraine conflict and Metaverse on the financial outlook of Metaverse coins: Fresh evidence from Reddit sentiment analysis

Characteristics of price related fluctuations in non-fungible token (NFT) market

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