Probably something: a multi-layer taxonomy of non-fungible tokens

【Author】 Hartwich, Eduard; Ollig, Philipp; Fridgen, Gilbert; Rieger, Alexander

【Source】INTERNET RESEARCH

【影响因子】6.353

【Abstract】PurposeThis paper aims to establish a fundamental and comprehensive understanding of non-fungible tokens (NFTs) by identifying and structuring common characteristics within a taxonomy. NFTs are hyped and increasingly marketed as essential building blocks of the Metaverse. However, the dynamic evolution of the NFT space has posed challenges for those seeking to develop a deep and comprehensive understanding of NFTs, their features and their capabilities.Design/methodology/approachUtilizing common guidelines for the creation of taxonomies, the authors developed (over 3 iterations), a multi-layer taxonomy based on workshops and interviews with 11 academic and 15 industry experts. Through an evaluation of 25 NFTs, the authors demonstrate the usefulness of the taxonomy.FindingsThe taxonomy has 4 layers, 14 dimensions and 42 characteristics, which describe NFTs in terms of reference object, token properties, token distribution and realizable value.Originality/valueThe authors' framework is the first to systematically cover the emerging NFT phenomenon. This framework is concise yet extendible and presents many avenues for future research in a plethora of disciplines. The characteristics identified in the authors' taxonomy are useful for NFT- and Metaverse-related research in finance, marketing, law and information systems. Additionally, the taxonomy can serve as an information source for policymakers as they consider NFT regulation.

【Keywords】Metaverse; Non-fungible tokens; NFT; Blockchain; Distributed ledger technology; Taxonomy

【发表时间】

【收录时间】2023-05-06

【文献类型】理论模型

【主题类别】

区块链应用-虚拟经济-NFT