TY  - UNPD
A1  - Kräussl, Roman
A1  - Tugnetti, Alessandro
T1  - Non-fungible tokens (NFTs): a review of pricing determinants, applications and opportunities
N2  - This paper provides a review of the development of the non-fungible tokens (NFTs) market, with a particular focus on its pricing determinants, its current applications and future opportunities. We investigate the current state of the NFT markets and highlight the perception and expectations of investors towards these products. We summarize and compare the financial and econometric models that have been used in the literature for the pricing of non-fungible tokens with a special focus on their predictive performance. Our intention is to design a framework that can help understanding the price formation of NFTs. We further aim to shed light on the value creating determinants of NFTs in order to better understand the investors’ behavior on the blockchain.
T3  - CFS working paper series - No. 693 
KW  - Non-Fungible Tokens
KW  - NFT
KW  - Pricing Determinants
KW  - Blockchain
Y1  - 2022
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/68149
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-681494
UR  - https://ssrn.com/abstract=4112429
N1  - JEL-Klassifikation: G41	Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -