The Evolution of Nonfungible Tokens: Complexity and Novelty of NFT Use-Cases

【Author】 Park, Andrew; Kietzmann, Jan; Pitt, Leyland; Dabirian, Amir

【Source】IT PROFESSIONAL

【影响因子】2.590

【Abstract】Nonfungible tokens (NFTs) have recently drawn considerable attention, highlighted by a digital art piece that sold for $69M USD in early 2027. Though they have only just started receiving coverage by traditional media outlets and interest from casual observers, the foundations of NFT technology date back to advances in computer science in the late 1970s. In this article, we examine the emergence o NFTs, from their technical origins, the introduction of blockchain technologies and the first token-based collectibles that led to modern day NFT products. We categorize the current use cases for NFTs, introduce their potential future applications, and highlight the challenges managers face in incorporating them into their existing workflows. By presenting our NFT adoption framework, we offer managers strategies for evaluating the risks and benefits of NFTs.

【Keywords】

【发表时间】2022 JAN 1

【收录时间】2022-03-16

【文献类型】综述

【主题类别】

综述--