research paper on nft marketplace

This paper presented the first overview of some key aspects of it by looking at the market history of 6.1 million NFT trades across six main NFT categories including art, games and collectibles.

NFT s: Applications and Challenges. Wajiha Rehman, Hijab e Zainab, Jaweria Imran, Narmeen Zakaria Bawany. Center for Computing Research, Department of Computer Science and Software Engineering ...

This research examines the current state and development trends of NFT. In addition, the gaps and difficulties in the related literature have been explored, with an emphasis on the limits.

In this paper, we provide a rst comprehensive quantitative overview of the NFT market. To this end, we ana- lyse a large dataset including 6.1 million trades of 4.7 million NFTs in 160 ...

Abstract. Nonfungible tokens (NFTs) have exploded in popularity in 2021, generating billions of dollars in transaction volume. In tandem, market intelligence platforms have emerged to track summary statistics about pricing and sales activity across different NFT collections. We demonstrate that marketplace design can significantly influence ...

Non-fungible tokens (NFTs) are a type of digital asset that can prove ownership of both virtual and physical assets using blockchains. Even though creating and trading NFTs have experienced a significant increase, research on the NFT market and its features is limited. In this study, we aim to bridge this gap by conducting a comprehensive analysis on the NFT market and its evolution from a ...

Based on the number of transactions and wallets, the Ethereum-based NFT market peaked at the end of 2017 due to the success of the CryptoKitties project. As of 2021, fewer transactions occur but the traded value is much higher. We find that NFT submarkets are cointegrated and feature various causal short-run connections between them.

The examination of NFT research papers published between 2012 and 2022 is completed in this systematic review. ... Therefore, further study is required in the future or existing NFT market to warn or uncover the associated hazards. On the other hand, NFT mining and trading activities can provide unsustainable profits and skew investor ...

We quantify Non Fungible Token (NFT) rarity and investigate how it impacts market behaviour by analysing a dataset of 3.7M transactions collected between January 2018 and June 2022, involving 1.4M ...

These findings shed light on areas of the NFT marketplace that have been relatively unexamined and provide a multi-level analysis of a multi-billion dollar market. References [1] ... This systematic review paper gathered research papers and organized them into NFT implementations and NFT discussions. The researcher conducted a survey to assess ...

Using daily data between January 2018 and April 2021, we show that a Bitcoin price shock triggers an increase in NFT sales. Also, Ether price shocks reduce the number of active NFT wallets. The results suggest that (larger) cryptocurrency markets affect the growth and development of the (smaller) NFT market, but there is no reverse effect.

The NFT sales were initially anticipated to reach USD 12 million in 2020; however, sales actually reached USD 340 million, significantly surpassing this estimation (Cointelegraph Research, 2021). While Q2 2021 cryptocurrency markets have shown some slowdown along with NFT sales, the active market wallets are expected to rise in the long run.

The Non-Fungible Token (NFT) market is mushrooming in the recent couple of years. The concept of NFT originally comes from a token standard of Ethereum, aiming to distinguish each token with ...

The popularity of the Non-Fungible Token (NFT) has risen rapidly since 2020, becoming one of the most popular applications in the Fintech field. However, there has so far been no attempt to perform a systematic review in this new area. Considering the items of the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA), this paper conducts a systematic review of the ...

To better understand the supply and demand relationship of the NFT market and the flow of NFT transactions, this paper introduces the concept of the NFT creator graph (NCG). ... there is currently no publicly accessible comprehensive dataset for the NFT market. Therefore, this research addresses a research gap by sharing and analysing an ...

One of this paper's authors examined the NFT projects' tweets and chats to determine whether the NFT phenomenon could be understood when Holt's typology was applied. More specifically, we did not focus on identifying new aspects related to NFTs in specific consumption activities. ... Qualitative Market Research: An International Journal ...

Making Sense of the NFT Marketplace. by. Pavel Kireyev. and. Peter C. Evans. November 18, 2021. HBR Staff/Andriy Onufriyenko/Getty Images. Summary. NFTs, or non-fungible tokens, have become a ...

View a PDF of the paper titled Non-Fungible Token (NFT): Overview, Evaluation, Opportunities and Challenges, by Qin Wang and Rujia Li and Qi Wang and Shiping Chen. The Non-Fungible Token (NFT) market is mushrooming in recent years. The concept of NFT originally comes from a token standard of Ethereum, aiming to distinguish each token with ...

NFT Marketplace. Piyush Batra, Gagan Raj Singh, Ritik Gandhi. View a PDF of the paper titled NFT Marketplace, by Piyush Batra and 2 other authors. In an increasingly digitized world, the secure management and trade of digital assets have become a pressing issue. This project aims to address this challenge by developing a decentralized ...

At a Christie's auction in 2021, the NFT for this digital item was USD$69.3 million, a record figure that sparked much debate in the auction market. This caused a sudden surge in the number of NFT artists trying to sell their work in token forms. Given that not all submitted NFT artworks are viewed by

This research explores the methods that Non-fungible Token (NFT)s can be recommended to people who inter-act with NFT-marketplaces to explore NFTs of preference and similarity to what they have been searching for. While exploring past methods that can be adopted for recommendations, the use of NFT traits for recommendations has been explored. The outcome of the research highlights the ...

Blockchain is a new, emerging, and pioneering technology under which the society has evolved from the existing Web 2.0 to the innovative Web 3.0. Blockchain paves the way to a decentralized system diverging from the current centralized system. One such captivating phenomenon in the Blockchain would be that of NFTs. NFTs are non-fungible tokens; they are a form of digital art and could be ...

The paper seeks to elucidate the status and positioning of NFT art within the broader art market by examining how influential art market institutions are discursively constructing and valorising ...

2.4 User Interface Development. The User Interface (UI) plays a critical role in the NFT Marketplace as it largely shapes the user experience and serves as the initial point of contact for potential buyers and sellers. This section outlines the development of the UI for the NFT Marketplace using the React framework.

The global data protection and management segment is expanding rapidly due to the increasing need to secure large amounts of data, the rising threat of cyberattacks, stringent regulatory requirements, the proliferation of remote workers, and the widespread adoption of cloud services.