Open AccessNFT: An Overview, Investment Perception and Its Sustainability
Author(s) -
Vidhi V. Shah
Publication year - 2022
Publication title -
international journal for research in applied science and engineering technology
Language(s) - English
Resource type - Journals
ISSN - 2321-9653
DOI - 10.22214/ijraset.2022.40935
Subject(s) - cryptocurrency , real estate , business , sustainability , security token , asset (computer security) , repurposing , payment , asset allocation , computer science , finance , computer security , engineering , portfolio , ecology , biology , waste management
Non-Fungible Tokens (NFTs) have recently attracted a lot of investor interest, with some NFTs achieving selling prices that were previously unthinkable for a non-fungible virtual asset. As with any new and untested investment space, investing in NFTs comes with a number of risks and associated challenges. This paper shows insights on what are NFTs, how do NFTs work and about the sustainability of NFTs. The conclusion of this paper discusses if one should invest in NFTs or not, in addition to its sustainability with respect to environment. Keywords: Non-fungible token (NFT), Blockchain, Scarcity, Marketing, AIDA, Beeple, bitcoin, blockchain, Christie’s, collectibles, copyright, crypto asset, cryptocurrencies, digital art, Ethereum, music business and publishing, online payment systems, property, Second Life, Sotheby’s, synthetic worlds, virtual property, virtual real estate.