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Non-fungible tokens (NFT): the technology, the ecosystem and the asset market
[Невзаимозаменяемые Токены (Nft): Технология, Экосистема И Рынок Активов]

Author

Listed:
  • Yulia S. Evlakhova (Евлахова Ю.С.)

    (Rostov State University of Economics)

Abstract

The article considers non-fungible tokens as one of the types of digital financial assets. The purpose of the article is to study the modern NFT ecosystem and analyze the parameters of the NFT market. The indicators published in the analytical reports of the NFTGO consulting company, as well as scientific publications, were used. The definitions of the term "non-fungible token" are summarized, the criterion for classifying NFT objects is formulated; the participants of the NFT market are considered, the distinctive features of this market are highlighted. Based on the results of a quantitative analysis of the indicators of market capitalization and trading volume, conclusions were drawn about the NFT market in 2022. The elements of the NFT ecosystem are characterized, among which the development of NFT finance is the most promising.

Suggested Citation

  • Yulia S. Evlakhova (Евлахова Ю.С.), 2024. "Non-fungible tokens (NFT): the technology, the ecosystem and the asset market [Невзаимозаменяемые Токены (Nft): Технология, Экосистема И Рынок Активов]," State and Municipal Management Scholar Notes, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 110-117.
    • Handle: RePEc:rnp:smmscn:s24114
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