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- W4382239080 abstract "Non-fungible token (NFT) is a unique cryptocurrency based on Ethereum smart contracts, which is used to bind digital assets to prove their ownership. After merging with gaming platforms, luxury goods, sports and art industries, NFTs generate substantial business opportunities, with sales $24.9 billion in 2021. However, the NFT market faces far more challenges than opportunities and is relatively immature. Few studies analyze the current NFT market in detail and comprehensively from multiple angles simultaneously. Therefore, this article first reviews several essential stages in the history of NFT, then focuses on analyzing the current situation of the NFT market from both positive and negative aspects, and finally points out the institutional problems that need to be solved for the further development of the NFT market in the future. Through this research, we found that the NFT market has cooled compared to 2021, but we cannot simply claim that the NFT market is collapsing. At the same time, the lack of supervision and the validity of contracts are stumbling blocks that urgently need to be solved for further development of the NFT market. This article provides an objective, comprehensive analysis of market conditions for newcomers to NFTs and those who want to invest in NFTs, and informs them of potential risks." @default.
- W4382239080 created "2023-06-28" @default.
- W4382239080 creator A5092277081 @default.
- W4382239080 date "2023-01-01" @default.
- W4382239080 modified "2023-09-25" @default.
- W4382239080 title "Non-fungible Token (NFT): Introduction, Current Market and Legal Problems" @default.
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- W4382239080 doi "https://doi.org/10.1007/978-981-19-7826-5_70" @default.
- W4382239080 hasPublicationYear "2023" @default.
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