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Constructing a NFT Price Index and Applications

Hugo Schnoering and Hugo Inzirillo

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Abstract: We are witnessing the emergence of a new digital art market, the art market 3.0. Blockchain technology has taken on a new sector which is still not well known, Non-Fungible tokens (NFT). In this paper we propose a new methodology to build a NFT Price Index that represents this new market on the whole. In addition, this index will allow us to have a look on the dynamics and performances of NFT markets, and to diagnose them.

Date: 2022-02, Revised 2022-03
New Economics Papers: this item is included in nep-cul, nep-cwa and nep-pay
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Handle: RePEc:arx:papers:2202.08966