Non-Fungible Tokens: Blockchains, Scarcity, and Value
Critical Blockchain Research Initiative (CBRI) Working Papers, 2021
14 Pages Posted: 21 Apr 2021
Date Written: March 24, 2021
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
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