Towards a Research Agenda on the Financial Economics of NFT’s

Abstract

This paper aims to serve as an exploratory agenda for future research on the financial economics of non-fungible token (NFT) from a scholarly perspective. By considering the current state of research on the financial characteristics of NFTs and drawing on pioneering research in the field of cryptocurrency finance and cultural economics, possible future research strands are derived to contribute towards a new emerging research domain. NFTs have already received growing attention from the academic community, and the increasing amount of novel studies forms a first attempt to clarify on the common dissent over whether NFTs can truly fulfil any form of financial utility. A review of existing empirical work in other finance-related research domains may reveal crucial parallels to issues in NFT markets and provide clues to future avenues of research on the financial economics of the digital token.

Keywords: Non-Fungible Token; Cryptocurrencies; Herding; Cultural Economics

JEL Classification: G10; G12; G15; G40