NFT Marketplace Design and Market Intelligence

Kireyev, Pavel

doi:10.2139/ssrn.4002303

Cited by 20 publications

(6 citation statements)

References 12 publications

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“…Their work delineates the centralization and network characteristics of NFT ownership and trades, which are indicative of small-world phenomena in the market [3]. Kireyev's exploration of market design, which has significant implications for market intelligence and the perceived value of NFTs based on bidding costs and platform policies [4]. On the theoretical front, investigations into the effect of NFT fungibility on consumer price sensitivity and the impact of revenue sharing mechanisms between creators and owners have started to emerge, laying the groundwork for a deeper understanding of NFT pricing structures [5].…”

Section: Literature Reviewmentioning

confidence: 99%

Time Series Analysis of Market Dynamics within Top NFT Collection

Chen

2024

AEMPS

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The current investigation delves into the valuation trends of prominent Non-Fungible Token (NFT) collections, entities at the forefront of the digital economy that are redefining concepts of asset ownership and artistic appreciation. The academic import of this study is anchored in the emergent nature of NFTs and their paradigmatic shift from traditional economic models. This research aims to decipher the market value fluctuations of top NFT collections through a comprehensive time-series analysis, the application of the ARIMA model. Methodologically, the study adheres to established time-series analytical procedures, with a focus on identifying and interpreting patterns and trends within the market data. The approach synthesizes a broad spectrum of economic and cultural variables that potentially exert influence over the NFT marketplace. Results gleaned from the analysis yield insights into the price movements of NFTs, offering a juxtaposition of predicted and actual market data to deepen the understanding of this unique market sector. The implications of this research extend beyond academic interest, offering a vital resource for stakeholders within the digital economy. The discerned patterns and dynamics of NFTs, as revealed through the study, contribute to a granular understanding of digital assets, providing a scaffold for future research endeavors and practical guidance for participants in the digital art and ownership space.

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Section: Literature Reviewmentioning

confidence: 99%

Time Series Analysis of Market Dynamics within Top NFT Collection

Chen

2024

AEMPS

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“…There is no cap on the total number of copies that can be produced and disseminated, therefore a creator is free to choose to sell more than one copy of the exact same NFT. intelligence is to be perceived [12].…”

Section: Prons Consmentioning

confidence: 99%

A New Era of Automated Market-Makers (AMM) powered by Non-Fungible Tokens- A Review

Gupta

Malsa

2023

Glo.Jou.of.Innov.and.Eme.Tech

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The most well-known cryptocurrency, Bitcoin, is one of many that are sweeping the globe. Along with them, fungible tokens traded on numerous centralised or decentralised exchanges are different from non-fungible tokens traded on NFT marketplaces. The majority of NFTs are currently digital, and in the future, producers may innovate in this area to allow for more innovative user experiences. The blockchain and its NFTs can provide fantastic chances for artists and content producers to profit from their work. The NFT Marketplace intends to be at the centre of all these fantastic use cases for NFTs by giving users a platform to produce and exchange non-fungible tokens. NFTs offer a wide range of application cases. Automated Market Makers, which are essentially decentralised markets for crypto-tokens and offer users three core operations—depositing crypto tokens in exchange for AMM shares, performing a dual operation in which shares are obtained in exchange for base tokens, and exchanging two tokens for one another—are some of the main applications of DeFi. This conceptual research discusses AMMs that are already in existence on the Ethereum blockchain and their developments, including the AMM that is now being created on the Tezos blockchain. The goal of this study is to present a thorough understanding of blockchain technology and all of its practical uses, including voting, trading NFTs, etc. It then focuses on how NFTs are traded on various platforms before aiming for improved NFT trading marketplaces, namely Automated Market Makers on various blockchains like Ethereum and Tezos.

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“…Many studies, such as [26,4,47], deal with marketplaces for NFTs trading but do not cover the resale market of physical sneakers. Only a few papers address or refer to blockchain and/or NFT-based systems in the field of sneakers, such as in [52,36,5].…”

Section: Related Workmentioning

confidence: 99%

An Efficient and Decentralized Blockchain-based Commercial Alternative

Zeggari¹,

Lambiotte

Abadi

et al. 2023

2023 IEEE 20th International Conference on Software Architecture Companion (ICSA-C)

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Sneakers were designated as the most counterfeited fashion item online, with three times more risk in a trade than any other fashion purchase. As the market expands, the current sneaker scene displays several vulnerabilities and trust flaws, mostly related to the legitimacy of assets or actors. In this paper, we investigate various blockchain-based mechanisms to address these large-scale trust issues. We argue that (i) pre-certified and tracked assets through the use of non-fungible tokens can ensure the genuine nature of an asset and authenticate its owner more effectively during peer-to-peer trading across a marketplace; (ii) a game-theoretic-based system with economic incentives for participating users can greatly reduce the rate of online fraud and address missed delivery deadlines; (iii) a decentralized dispute resolution system biased in favour of an honest party can solve potential conflicts more reliably.

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NFT Marketplace Design and Market Intelligence

Cited by 20 publications

References 12 publications

Time Series Analysis of Market Dynamics within Top NFT Collection

Time Series Analysis of Market Dynamics within Top NFT Collection

A New Era of Automated Market-Makers (AMM) powered by Non-Fungible Tokens- A Review

An Efficient and Decentralized Blockchain-based Commercial Alternative

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