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DAI Digital Art Index : a robust price index for heterogeneous digital assets

Author

Listed:
  • Lin, Min-Bin
  • Wang, Bingling
  • Bocart, Fabian Y.R.P.
  • Hafner, Christian M.

    (Université catholique de Louvain, LIDAM/ISBA, Belgium)

  • Härdle, Wolfgang K.

Abstract

The big bang of non-fungible tokens (NFTs) has caused the birth of a brand new era for digital art. NFTs, driven by blockchain and smart contracts, provide both artists and art collectors an unprecedented marketplace which is equipped with more security, flexibility, publicity, and freedom to monetize. Unlike the conventional art market, NFT art market trades works of art in rapid succession and has no sluggish business cycle. Yet, the emergence of such a market has been considered to be packed with speculation and economic uncertainty.

Suggested Citation

  • Lin, Min-Bin & Wang, Bingling & Bocart, Fabian Y.R.P. & Hafner, Christian M. & Härdle, Wolfgang K., 2022. "DAI Digital Art Index : a robust price index for heterogeneous digital assets," LIDAM Discussion Papers ISBA 2022036, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    • Handle: RePEc:aiz:louvad:2022036
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Non-fungible token ; NFT ; blockchain technology ; digital art ; hedonic regression ; index construction ; robustness;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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