Exploring the relationship between rarity and price of profile picture NFT:A formal concept analysis on the BAYC NFT collection
作者机构:School of Interdisciplinary Industrial StudiesHanyang University222 Wangsimni-roSeongdong-guSeoul04763Republic of Korea College of Business AdministrationKonkuk University120 Neungdong-roGwangjin-guSeoul05029Republic of Korea School of BusinessChungnam National University99 Daehak-roYuseong-guDaejeon34134Republic of Korea
出 版 物:《Blockchain(Research and Applications)》 (区块链研究(英文))
年 卷 期:2024年第5卷第2期
页 面:140-150页
核心收录:
学科分类:081203[工学-计算机应用技术] 08[工学] 0835[工学-软件工程] 0812[工学-计算机科学与技术(可授工学、理学学位)]
主 题:NFT valuation Formal concept analysis Rarity
摘 要:Non-fungible token(NFT)is a digital asset whose ownership can be validated and controlled via blockchain *** NFT market is a rapidly growing field,and the rarity of NFT is an essential factor that affects its price,as scarcity leads to higher *** study focuses on the BAYC NFT collection,which is a successful and representative collection of profile picture NFT,and analyzes how rarity affects NFT *** paper investigates the relationship between the rarity and price of the BAYC NFT collection using formal concept analysis(FCA)*** results show that rarity is a major factor influencing the price of NFT and the effect is more apparent in the medium rarity *** rarity is very high or very low,other factors become significant determinants,such as the uniqueness and appeal of NFT,and even the naturalness of NFT *** research highlights the importance of considering rarity when assessing NFT and underscores the need for a comprehensive evaluation of NFT *** study also provides valuable insights into the NFT market and can be useful for NFT investors,creators,and ***,the usefulness of FCA as a tool for quantifying NFT rarity and evaluating NFT price was demonstrated.