2023
DOI: 10.2478/ngoe-2023-0012
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Future Tendencies of Non-fungible Tokens

Abstract: Blockchain has been one of the key innovations in information technology in the last 15 years. An important aspect of applying blockchain technology is the creation of so-called non-fungible tokens (NFTs). Although the name resembles cryptocurrencies because of the word token, in practice, NFTs do not represent electronic money but a digital certificate of ownership of an asset. They effectively behave like tokens whose total supply is one, and it is immutable. Considering their technical and conceptual basis,… Show more

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Cited by 3 publications
(1 citation statement)
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“…NFTs, on the other hand, have gained attention for their ability to represent ownership of unique digital assets, such as digital art and collectibles, through blockchain (Griffin, 2021;Tomić et al, 2023). NFTs have seen a surge in interest, which highlights the evolving nature of ownership and the emergence of new investment opportunities (Chalmers et al, 2022;Wilson, Karg & Ghaderi, 2022).…”
Section: Introductionmentioning
confidence: 99%
“…NFTs, on the other hand, have gained attention for their ability to represent ownership of unique digital assets, such as digital art and collectibles, through blockchain (Griffin, 2021;Tomić et al, 2023). NFTs have seen a surge in interest, which highlights the evolving nature of ownership and the emergence of new investment opportunities (Chalmers et al, 2022;Wilson, Karg & Ghaderi, 2022).…”
Section: Introductionmentioning
confidence: 99%