Providing Customer Value through Non-Fungible Tokens: A Preliminary Study

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dc.contributor.authorPirnay, Lhorie
dc.contributor.authorDeventer, Claire
dc.contributor.authorAmaral De Sousa, Victor
dc.date.accessioned2022-12-27T19:13:42Z
dc.date.available2022-12-27T19:13:42Z
dc.date.issued2023-01-03
dc.description.abstractNon-Fungible Tokens (NFTs) are digital certificates of ownership that can be attached to any virtual or physical item. Recently, they have become increasingly popular, especially with the advent of metaverses, virtual spaces that are shared and accessible online. Many organizations are launching NFT initiatives for a variety of reasons including retaining customers, developing new revenue streams, or demonstrating that they are keeping up with the latest technological advances. When organizations launch NFT initiatives, they provide value to NFT users in various ways, depending on the NFT characteristics. This paper is a preliminary study to understand the value offered by organizations and perceived by NFT users. We examine 46 NFT initiatives from 42 companies to determine what value can be provided to users of NFTs. The goal is to provide a basis for further analysis on the values of NFTs and to support the design of Information Systems for NFTs.
dc.format.extent10
dc.identifier.doi10.24251/HICSS.2023.553
dc.identifier.isbn978-0-9981331-6-4
dc.identifier.other993bf54a-3730-4c36-a1d8-b65c4f5d6b1d
dc.identifier.urihttps://hdl.handle.net/10125/103185
dc.language.isoeng
dc.relation.ispartofProceedings of the 56th Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectThe Social and Economic Dynamics of the Metaverse, Smart Contracts, and Non-Fungible Tokens
dc.subjectblockchain
dc.subjecterc-721
dc.subjectnon-fungible tokens (nfts)
dc.subjectperceived value
dc.subjectsmart contracts
dc.titleProviding Customer Value through Non-Fungible Tokens: A Preliminary Study
dc.type.dcmitext
prism.startingpage4543

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The Social and Economic Dynamics of the Metaverse, Smart Contracts, and Non-Fungible Tokens