Overview, History and Challenges Of The NFT (Non-Fungible Token) Technology

Boris Bankov
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Boris Bankov: University of Economics – Varna, Bulgaria

Scientific Conference of the Department of General Economic Theory, 2022, issue 1, 119-125

Abstract: This paper presents the NFT technology, its development and effect on digital markets and the Internet. The popularity of crypto-currencies is causing widespread interest, both among experts and users without knowledge in the field of investment and trading on the world exchange. The lack of awareness on the topic, the widely publicized quick-realized impressive profits, the fear of missing out on opportunities following the Bitcoin model, and the dynamic changes on a global scale since the start of the Covid-19 pandemic have pushed NFTs in the wrong direction. The research demonstrates an overview of current practices in establishing online NFT markets, pricing and questionable stakeholders` interests.

Keywords: Crypto-currencies; Crypto trading Non-fungible token; NFT technology (search for similar items in EconPapers)
JEL-codes: L14 O32 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:oitcon:y:2022:i:1:p:119-125

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