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Fertile LAND: Pricing non-fungible tokens

Dowling, Michael orcid logoORCID: 0000-0002-3539-8843 (2021) Fertile LAND: Pricing non-fungible tokens. Finance Research Letters, 44 . ISSN 1544-6123

The current popularity of non-fungible token (NFT) markets is one of the most notable public successes of blockchain technology. NFTs are blockchain-traded rights to any digital asset; including images, videos, music, even the parts of virtual worlds. As a first study of NFT pricing, we explore the pricing of parcels of virtual real estate in the largest blockchain virtual world, Decentraland; an NFT simply termed LAND. We show a LAND price series characterised by both inefficiency and a steady rise in value.
Item Type:Article (Published)
Additional Information:Article number: 102096
Uncontrolled Keywords:NFT; Non-fungible tokens; market efficiency
Subjects:Business > Finance
DCU Faculties and Centres:DCU Faculties and Schools > DCU Business School
Official URL:https://doi.org/10.1016/j.frl.2021.102096
Copyright Information:© 2021 The Authors. Open Access (CC-BY-4.0)
ID Code:26704
Deposited On:21 Feb 2022 13:54 by Michael Dowling . Last Modified 21 Feb 2022 13:54

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