Project Pine is a joint research study by the New York Fed's New York Innovation Center and the BIS Innovation Hub Swiss Centre that explores if and how central banks can implement monetary policy in a potential future state where the financial sector widely adopts tokenisation in wholesale markets.

This report by the Consultative Group on Innovation and the Digital Economy (CGIDE) discusses theoretical and real-world use cases of tokenisation, which include initiatives run by the Central Bank of Brazil and the Central Bank of Colombia, and private sector-led initiatives discussed within...

Project Promissa showed that paper-based promissory notes, used to manage countries' financial commitments to multilateral development banks, can be redesigned using distributed ledger technology to address operational challenges and improve efficiency. Project Promissa explores how to make the...

Aufgrund des rasanten Wachstums, das der Markt für Non-fungible Token im Jahr 2021 erfahren hat, ist das Thema deutlich präsenter geworden. Auch Personen, die sich zuvor nicht mit dem Thema Kryptoassets auseinandergesetzt haben, finden Interesse daran. Was genau sich hinter dem Begriff NFT...

We present tail risk analysis of cryptocurrencies (Bitcoin, Ethereum and Litecoin), non-fungible tokens, stocks (FTSE 100 and S&P 500) and Gold from November 12, 2017 to March 31, 2022 using conditional model-based Value-at-Risk (VaR). We explored which model specification and distributional...

The work provides a method for classifying blockchains and crypto-assets, facilitating their comparison for business and regulatory purposes. Blockchains - and more generally systems based on Distributed Ledger Technology (DLT) - adopt different technologic configurations, each distinguished by...

Non-fungible tokens (NFTs) are a form of cryptocurrency that is commonly employed in sectors such as collectibles, art, and gaming (Pinto-Gutiérrez et al., 2022). The purpose of this study is to analyse the factors that affect NFT holdings in Thailand. The data was collected from 812 Thai...

Non-fungible tokens (NFTs) have garnered attention because of their potential to disrupt traditional business models in various industries. This study provides insights into the drivers of individuals' intentions to purchase NFTs by investigating the relationship between perceived value...

Exploring Markets" is a paper series discussing niche markets with interesting characteristics. The paper on hand focuses on the market for Non-Fungible Token (NFT) which are transferrable rights of ownership to unique digital assets. NFTs are based on blockchain technology and are traded with...

We present tail risk analysis of cryptocurrencies (Bitcoin, Ethereum and Litecoin), non-fungible tokens, stocks (FTSE 100 and S&P 500) and Gold from November 12, 2017 to March 31, 2022 using conditional model-based Value-at-Risk (VaR). We explored which model specification and distributional...

"A New York Times investigative reporter wades into the murky, pixelated waters of the multibillion-dollar NFT market, a virtual casino of speculation and volatility that tests the nature of value itself. In 2021, when the gavel fell at Christie's on the sale of Mike Winkelmann's Everydays...

"This timely Companion offers keen insights into the challenges of valuing digital versus traditional assets, exploring how behavioral and social traits, states and actions can cause biased perspectives in over- or underestimating the value of digital assets. It provides an objective, scientific...

Web3 is the latest transformation of the World Wide Web, centred on public blockchains, Crypto tokens, and an ideology of decentralisation. Defining Web3 presents the state of the art in socio-cultural and economic research from leading scholars in the field of cryptocurrencies and blockchains....

In today's rapidly evolving accounting landscape, success hinges on embracing cutting-edge technologies. Data analytics and blockchain technology have become indispensable tools for accountants as businesses increasingly digitize their operations. To remain at the forefront of the profession,...

Web3 is a new frontier of internet architecture emphasizing decentralization and user control. This text for MBA students and industry professionals explores key Web3 concepts, starting from foundational principles and moving to advanced topics like blockchain, smart contracts, tokenomics, and...

Die Arbeit behandelt insolvenzrechtliche Fragestellungen im Zusammenhang mit der Verwertung von Non-Fungible Tokens (NFTs). NFTs sind einzigartige, nicht austauschbare Token, welche auf Blockchains wie Ethereum oder Solana aufgesetzt sind. Sie können entweder intrinsische Token ohne Inhalt sein...

Non-fungible tokens : blockchain, scarcity, and value / Usman W. Chohan -- NFTs and their core technologies / Narmeen Bawany -- A thematic history of NFTs / Usman W. Chohan -- Discoveries from the NFT market / Hong Bao and David Roubaud -- NFT communities as societies of producers / Alesha...

Due to the rapid growth experienced by the market for non-fungible tokens in 2021, the topic has become much more present. Even people who have not previously dealt with the topic of cryptoassets are finding interest in it. What exactly is hidden behind the term NFT, which areas of application...

The recent decade saw an explosion of digital assets and digitalisation of financial services. The present contribution poses several research questions incorporated into a survey questionnaire and grouped into two categories: (1) associations with, knowledge of, and familiarity with notions...

Das vorliegende Working Paper erläutert die aktuelle Relevanz von NFTs (Non-Fungible Tokens) und dem Metaverse in der Forschung und Industrie. Dabei wird betont, dass diese Begriffe häufig als "Buzzwords" dienen und sowohl bei professionellen Investoren als auch bei jungen Menschen eine...

Without a doubt, blockchain, as one of the most valuable technological advancements, has been introduced over the past decade and has played a significant role in the industrial revolution. The emergence of other technologies derived from blockchain, such as decentralized finance (DeFi) and the...

Das vorliegende Working Paper erläutert die aktuelle Relevanz von NFTs (Non-Fungible Tokens) und dem Metaverse in der Forschung und Industrie. Dabei wird betont, dass diese Begriffe häufig als "Buzzwords" dienen und sowohl bei professionellen Investoren als auch bei jungen Menschen eine...

The recent decade saw an explosion of digital assets and digitalisation of financial services. The present contribution poses several research questions incorporated into a survey questionnaire and grouped into two categories: (1) associations with, knowledge of, and familiarity with notions...

Using transaction data from a large non-fungible token (NFT) trading platform, this paper examines how the behavioral bias of selection-neglect interacts with extrapolative beliefs, accelerating the boom and delaying the crash in the recent NFT bubble. We show that the price-volume relationship...

The popularity of the Non-Fungible Token (NFT) has risen rapidly since 2020, becoming one of the most popular applications in the Fintech field. However, there has so far been no attempt to perform a systematic review in this new area. Considering the items of the Preferred Reporting Items for...

Exploring Markets" is a paper series discussing niche markets with interesting characteristics. The paper on hand focuses on the market for Non-Fungible Token (NFT) which are transferrable rights of ownership to unique digital assets. NFTs are based on blockchain technology and are traded with...

The popularity of the Non-Fungible Token (NFT) has risen rapidly since 2020, becoming one of the most popular applications in the Fintech field. However, there has so far been no attempt to perform a systematic review in this new area. Considering the items of the Preferred Reporting Items for...

This chapter provides an overview of non-fungible tokens (NFTs) as an investment instrument. The first part focuses on the NFT infrastructure including the primary and secondary markets for NFTs and the different types of NFT exchanges, aggregators, borrowing and landing, staking, and...