Non-Fungible Tokens: Might Learning About Them Be Necessary?

Posavec, A. Budin; Aleksić-Maslać, Karmela; Tominac, M.

doi:10.23919/mipro55190.2022.9803425

Cited by 7 publications

(6 citation statements)

References 6 publications

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“…Previous research has identified an insufficient understanding of the NFT phenomenon and a need to educate the wider public [8]. This research sheds some light on consumers' beliefs about the challenges of purchasing NFTs.…”

Section: Resultsmentioning

confidence: 86%

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The NFT Purchasing Process and the Challenges to Trust at Each Stage

Zarifis

Castro

2022

Sustainability

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The unique features of Non-Fungible Tokens (NFT) are becoming increasingly appealing as we spend more of our time online. This increased popularity is nevertheless not free of controversies, and there is a lack of clarity over the final form this digital asset will take. While there are some early adopters, the whole NFT ecosystem will have to be clarified for wider adoption, particularly the purchasing process. This research evaluates a model of the purchasing process of NFTs and the role of trust in this process. The validated model identified that the purchasing process of NFTs has four stages and each stage is affected by trust: (1) Trust in the cryptocurrency wallet, (2) trust in the cryptocurrency purchase, (3) trust in the NFT marketplace, and (4) trust in aftersales services.

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Section: Resultsmentioning

confidence: 86%

“…Additionally, some fashion items of a physical nature, to be worn in the real world, were tokenized so that someone could own a part of a historically significant item of clothing [6]. Other implementations include tracking pharmaceuticals along the supply chain [7] and verifying the authenticity of diamonds and certificates [8].…”

Section: Introductionmentioning

confidence: 99%

The NFT Purchasing Process and the Challenges to Trust at Each Stage

Zarifis

Castro

2022

Sustainability

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“…MoT components IoT-IoS 5G-6G SLA Metaverse Blockchain NFT [6]- [10] • [11]- [21] • [4], [6], [8], [10], [13], [22] • • [1]- [3], [23], [24] • • [5], [25] • • • [4], [6], [8], [10], [13], [22] • • [26]- [34] • [35], [36] • • [37]- [41] • • • [7], [30], [31], [33], [42] • • [43]- [45] • [46], [47] •…”

Section: Referencementioning

confidence: 99%

“…In addition, presently, NFTs are already adopted mostly by the gaming and entertainment industry, where they are used to replicate different virtual assets in games and metaverses [46], [47]. Nevertheless, in the context of Industry 5.0, blockchain and AI, NFTs can have a great impact considering the opportunity to digitize any real or virtual things in a secure and trustful manner [43]- [45].…”

Section: E Blockchain and Nft-based Resource Tokenization Using Nftsmentioning

confidence: 99%

Blockchain-Empowered Service Management for the Decentralized Metaverse of Things

et al. 2022

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The future of networking will be driven by the current emerging trends of combining the physical and virtual realities in cyberspace. Considering the ambient pandemic challenges, the role of virtual and augmented reality will definitely grow over time by transforming into the paradigm of the Metaverse of Things, where each person, thing or other entity will simultaneously exist within multiple synchronized realities. In this paper, we propose a novel framework for future metaverse applications composed of multiple synchronized data flows from multiple operators through multiple wearable devices and with different quality requirements. A new service quality model is proposed based on a customizable utility function for each individual data flow. The proposed approach is based on dynamic fine-grained data flow allocation and service selection using non-fungible tokens, which can be traded over the blockchain among users and operators in a decentralized mobile network environment.

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“…Recently, the concept of non-fungible tokens (NFTs) has emerged in the BC world as a unique way to attribute ownership to digital assets [135]. NFTs are tradable rights to digital assets (pictures, music, movies, and virtual creations) where ownership is recorded in a BC smart contract.…”

Section: The Potential Of Bc-psss To Quantify Design Value In Sustain...mentioning

confidence: 99%

A Conceptual Blockchain Enhanced Information Model of Product Service Systems Framework for Sustainable Furniture

Liu

Yang

et al. 2022

Buildings

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The sustainable development of the furniture industry is experiencing the challenges of energy consumption and waste disposal. Product–service systems (PSSs) have the potential to promote sustainable development and the opportunity to transition to a circular economy (CE). PSSs can bring a series of benefits to sustainable furniture, but there are still some problems to be considered, such as the safe storage and transmission of information and data and the protection of stakeholders’ rights and interests. With digitization becoming a major trend, emerging digital technologies such as blockchain (BC) are proving to have the potential to solve related problems. Therefore, this paper aims to integrate the potential roles of BC and PSSs in the lifecycle of sustainable furniture. This paper adopts a mixed quantitative and qualitative research method. Firstly, the potential relationship among furniture, PSSs, and BC was quantitatively analyzed by VOSviewer. Secondly, this paper qualitatively analyzes the lifecycle stages of sustainable furniture, the advantages of PSSs to promote sustainable furniture, and the potential of BC to enhance the PSSs information model (IM) to further promote sustainable furniture to address related challenges. Subsequently, the conceptual BC-enhanced PSSs IM (BC-PSSs) framework was constructed, which contains the high-level and the low-level of structure and process, and then reviewed and refined through pre-interview questionnaires and follow-up interviews by industry experts and scholars. In addition, discussing the contribution of the conceptual BC-PSSs framework in sustainable furniture, and the potential of BC-PSSs in quantifying design value, encouraging designers to contribute value, and exploring the potential role of BC-PSSs in supporting sustainable consumer behavior. It is the first attempt to construct a conceptual BC-enhanced PSSs IM framework for sustainable furniture from the perspective of lifecycle stages, which can serve as a reference for researchers and policymakers in relevant directions to support sustainable development, in particular contributing to the achievement of SDGs 11 (Sustainable Cities and Communities) and SDGs 12 (Responsible Consumption and Production).

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Non-Fungible Tokens: Might Learning About Them Be Necessary?

Cited by 7 publications

References 6 publications

The NFT Purchasing Process and the Challenges to Trust at Each Stage

The NFT Purchasing Process and the Challenges to Trust at Each Stage

Blockchain-Empowered Service Management for the Decentralized Metaverse of Things

A Conceptual Blockchain Enhanced Information Model of Product Service Systems Framework for Sustainable Furniture

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