How nonfungible tokens empower business model innovation

【Author】 Li, Sen; Chen, Yan

【Source】BUSINESS HORIZONS

【影响因子】10.562

【Abstract】Nonfungible tokens (NFTs) have experienced exponential growth over the past few years. Many companies and creators have experimented with various ways to develop NFT businesses, but often without clear guidance on how NFTs shape property rights and business models. In this article, we examine the roles of NFTs in establishing digital property rights, creating value for creators and collectors, and empowering business model innovation. As NFTs unlock digital property rights, they can spawn new business models centered around digital ownership, portable and composable digital assets, and decentralized communities. We believe our framework can help businesses and creators formulate and implement actionable strategies to create and capture value in NFTs and Web3. & COPY; 2022 Kelley School of Business, Indiana University. Published by Elsevier Inc. All rights reserved.

【Keywords】Nonfungible tokens; NFTs; Web3; Blockchain; Digital scarcity; Digital property rights

【发表时间】2023 JUL-AUG

【收录时间】2023-07-20

【文献类型】理论模型

【主题类别】

区块链应用-虚拟经济-NFT