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ArticlePeer ReviewedOpen AccessPlagiarism Passed
Paper ID:10.55041/IJSREM15345

NON-FUNGIBLE TOKEN-A DIGITAL MARKET

Stream/Area:

-

Subject:

-

Paper ID:

10.55041/IJSREM15345

Volume:

6 |

7 |

Jul 2022

Pages:

Publication Frequency:

Monthly (12 issues per year)

DOI
Digital Object Identifier
10.55041/IJSREM15345

License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.

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Authors

PS

Preeti Sabat

APP

Assistant Prof.Nidhi Poonia

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Abstract

Non-fungible tokens (NFTs) are rights to digital assets such as art, in-game items, collectibles, or music that can be transferred. Since early 2021, the phenomenon and its markets have grown significantly. We investigate the interactions between NFT sales, NFT users (unique active blockchain wallets), and Bitcoin and Ether pricing. Using daily data from January 2018 to April 2021, we show that a Bitcoin price shock increases NFT sales. Furthermore, price fluctuations in Ether reduce the number of active NFT

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Cite This Article

Preeti Sabat, Assistant Prof.Nidhi Poonia, "NON-FUNGIBLE TOKEN-A DIGITAL MARKET," International Journal of Scientific Research in Engineering and Management, vol. 6, no. 7, Jul 2022. https://doi.org/10.55041/IJSREM15345

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10/6/2022

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Double-Blind Peer Review

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