NFTs: What they are, use cases, and limitations

6 Pages Posted: 19 Jun 2023

See all articles by Michael Okolo

Michael Okolo

Massachusetts Institute of Technology (MIT)

Catherine E. Tucker

Massachusetts Institute of Technology (MIT) - Management Science (MS)

Date Written: January 28, 2022

Abstract

NFTs have become a popular word, with 20% of Americans somewhat familiar with what it means. This article explains what NFTs are, the use cases for NFTs, and the limitations. It also explores the last mile problem, which has to do with challenges in assigning correct ownership of NFTs.

Keywords: NFT, Blockchain

Suggested Citation

Okolo, Michael and Tucker, Catherine E., NFTs: What they are, use cases, and limitations (January 28, 2022). Available at SSRN: https://ssrn.com/abstract=4027603 or http://dx.doi.org/10.2139/ssrn.4027603

Michael Okolo (Contact Author)

Massachusetts Institute of Technology (MIT) ( email )

77 Massachusetts Avenue
50 Memorial Drive
Cambridge, MA 02139-4307
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Catherine E. Tucker

Massachusetts Institute of Technology (MIT) - Management Science (MS) ( email )

100 Main St
E62-536
Cambridge, MA 02142
United States

HOME PAGE: http://cetucker.scripts.mit.edu

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