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Non-fungible tokens (NFTs): A bibliometric and systematic review, current streams, developments, and directions for future research

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  • Nobanee, Haitham
  • Ellili, Nejla Ould Daoud

Abstract

As bibliometric analysis has become very popular in various academic fields, this paper reviews the literature on Non-Fungible Tokens (NFTs). NFTs are tradeable rights that can be used to acquire ownership of digital assets such as music, videos, and images (Dowling, 2022b). They became the first blockchain technology application to achieve clear public prominence in early 2021 and were widely used in blockchain research because of their significant contributions. This study reviews 150 documents on NFTs by using VOSviewer and identifies three major clusters: (1) blockchain, (2) cryptocurrency, and (3) digital art. In addition, this study provides an overview of how the literature on NFTs has developed over time, as well as a summary of the most cited authors, documents, countries, organizations, journal sources, and reference papers. Moreover, the results reveal that Finance Research Letters is the top journal that publishes documents on NFTs and the United States is the most active country in research on NFTs reflecting their important contributions to this research topic. The findings of this study present future research directions in the field of NFTs.

Suggested Citation

  • Nobanee, Haitham & Ellili, Nejla Ould Daoud, 2023. "Non-fungible tokens (NFTs): A bibliometric and systematic review, current streams, developments, and directions for future research," International Review of Economics & Finance, Elsevier, vol. 84(C), pages 460-473.
    • Handle: RePEc:eee:reveco:v:84:y:2023:i:c:p:460-473
    DOI: 10.1016/j.iref.2022.11.014
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    References listed on IDEAS

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    1. Yousaf, Imran & Yarovaya, Larisa, 2022. "The relationship between trading volume, volatility and returns of Non-Fungible Tokens: evidence from a quantile approach," Finance Research Letters, Elsevier, vol. 50(C).
    2. Chalmers, Dominic & Fisch, Christian & Matthews, Russell & Quinn, William & Recker, Jan, 2022. "Beyond the bubble: Will NFTs and digital proof of ownership empower creative industry entrepreneurs?," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
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    Cited by:

    1. Liu, Chih-Hsing & Dong, Tse-Ping & Vu, Ho Tran, 2023. "Transformed virtual concepts into reality: Linkage the viewpoint of entrepreneurial passion, technology adoption propensity and advantage to usage intention," Journal of Retailing and Consumer Services, Elsevier, vol. 75(C).
    2. Sergej Gričar & Violeta Šugar & Tea Baldigara & Raffaella Folgieri, 2023. "Potential Integration of Metaverse, Non-Fungible Tokens and Sentiment Analysis in Quantitative Tourism Economic Analysis," JRFM, MDPI, vol. 17(1), pages 1-18, December.

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    More about this item

    Keywords

    NFTs); Non-fungible tokens; Digital currency; Cryptocurrency; Blockchain; Bibliometric;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • F39 - International Economics - - International Finance - - - Other
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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