| Reference : Probably something: a multi-layer taxonomy of non-fungible tokens |
| Scientific journals : Article | |||
| Engineering, computing & technology : Computer science Business & economic sciences : Management information systems | |||
| Security, Reliability and Trust | |||
| http://hdl.handle.net/10993/55983 | |||
| Probably something: a multi-layer taxonomy of non-fungible tokens | |
| English | |
Hartwich, Eduard  [University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX >] | |
| Ollig, Philipp [] | |
| Fridgen, Gilbert [University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX >] | |
| Rieger, Alexander [University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX >] | |
| 12-Apr-2023 | |
| Internet Research: Electronic Networking Applications and Policy | |
| Emerald Group Publishing | |
| Yes | |
| International | |
| 1066-2243 | |
| United Kingdom | |
| [en] Metaverse ; Non-fungible tokens ; NFT ; Blockchain ; Distributed ledger technology ; Taxonomy | |
| [en] Purpose
This paper aims to establish a fundamental and comprehensive understanding of non-fungible tokens (NFTs) by identifying and structuring common characteristics within a taxonomy. NFTs are hyped and increasingly marketed as essential building blocks of the Metaverse. However, the dynamic evolution of the NFT space has posed challenges for those seeking to develop a deep and comprehensive understanding of NFTs, their features and their capabilities. Design/methodology/approach Utilizing common guidelines for the creation of taxonomies, the authors developed (over 3 iterations), a multi-layer taxonomy based on workshops and interviews with 11 academic and 15 industry experts. Through an evaluation of 25 NFTs, the authors demonstrate the usefulness of the taxonomy. Findings The taxonomy has 4 layers, 14 dimensions and 42 characteristics, which describe NFTs in terms of reference object, token properties, token distribution and realizable value. Originality/value The authors' framework is the first to systematically cover the emerging NFT phenomenon. This framework is concise yet extendible and presents many avenues for future research in a plethora of disciplines. The characteristics identified in the authors' taxonomy are useful for NFT- and Metaverse-related research in finance, marketing, law and information systems. Additionally, the taxonomy can serve as an information source for policymakers as they consider NFT regulation. | |
| Researchers ; Professionals ; Students | |
| http://hdl.handle.net/10993/55983 | |
| 10.1108/INTR-08-2022-0666 | |
| https://www.emerald.com/insight/content/doi/10.1108/INTR-08-2022-0666/full/html | |
| Copyright © 2023, Eduard Hartwich, Philipp Ollig, Gilbert Fridgen and Alexander Rieger
License Published by Emerald Publishing Limited. This article is published under the Creative Commons Attribution (CC BY 4.0) licence. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this licence may be seen at http://creativecommons.org/licences/by/4.0/legalcode | |
| FnR ; FNR13342933 > Gilbert Fridgen > DFS > Paypal-fnr Pearl Chair In Digital Financial Services > 01/01/2020 > 31/12/2024 > 2019 |
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