Recently, the art market has proposed the trading of NFTs. We focus on these research questions: a) does the increase in the value of cryptocurrencies affect the value of NTFs; b) does the interest of public opinion influence the value of NFTs. We apply causality and spill-over analyses to determine relationships and answers to our research questions. We find that NFTs present peculiar dynamics, unrelated or scarcely associated with cryptocurrencies and media attention, with the exception of stable coins. Our results suggest that NFT in digital art represents an opportunity in terms of diversification.

Digital art and non-fungible-token: Bubble or revolution?

Mauro Aliano
Co-primo
2023

Abstract

Recently, the art market has proposed the trading of NFTs. We focus on these research questions: a) does the increase in the value of cryptocurrencies affect the value of NTFs; b) does the interest of public opinion influence the value of NFTs. We apply causality and spill-over analyses to determine relationships and answers to our research questions. We find that NFTs present peculiar dynamics, unrelated or scarcely associated with cryptocurrencies and media attention, with the exception of stable coins. Our results suggest that NFT in digital art represents an opportunity in terms of diversification.
2023
Boido, Claudio; Aliano, Mauro
File in questo prodotto:
File Dimensione Formato  
1-s2.0-S1544612322005578-main (1).pdf

solo gestori archivio

Descrizione: Full text editoriale
Tipologia: Full text (versione editoriale)
Licenza: Copyright dell'editore
Dimensione 1.86 MB
Formato Adobe PDF
1.86 MB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in SFERA sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11392/2496274
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 11
  • ???jsp.display-item.citation.isi??? 6
social impact