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Non-Fungible Tokens: Blockchains, Scarcity, and Value

Critical Blockchain Research Initiative (CBRI) Working Papers, 2021

14 Pages Posted: 21 Apr 2021

See all articles by Usman W. Chohan

Usman W. Chohan

Centre for Aerospace & Security Studies (CASS); Critical Blockchain Research Initiative (CBRI); International Association of Hyperpolyglots (HYPIA); University of New South Wales (UNSW)

Date Written: March 24, 2021

Abstract

Non-Fungible Tokens (NFTs) have garnered remarkable investor attention recently, with some NFTs securing selling prices that may have seemed unthinkable for a non-fungible virtual asset. This raises fascinating questions about “value” and “scarcity” with respect to blockchain technology, through a prism of non-fungibility of a digital asset, and this paper aims to draw attention to these questions insofar as they may shape an alternative space of blockchain development and exchange going forward.

Keywords: Non-Fungible Tokens, NFT, Blockchain, Ethereum, Cryptocurrencies

Suggested Citation

Chohan, Usman W., Non-Fungible Tokens: Blockchains, Scarcity, and Value (March 24, 2021). Critical Blockchain Research Initiative (CBRI) Working Papers, 2021 , Available at SSRN: https://ssrn.com/abstract=3822743 or http://dx.doi.org/10.2139/ssrn.3822743

Usman W. Chohan (Contact Author)

Centre for Aerospace & Security Studies (CASS) ( email )

Islamabad
Pakistan

Critical Blockchain Research Initiative (CBRI) ( email )

International Association of Hyperpolyglots (HYPIA) ( email )

HYPIA
www.polyglotassociation.org
Montreal, Quebec
Canada

University of New South Wales (UNSW) ( email )

Kensington
High St
Sydney, NSW 2052
Australia

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