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Non-fungible tokens (NFTs) serve as a representative form of digital asset ownership and have attracted numerous investors, creators, and tech enthusiasts in recent years. However, related fraud activities, especially phishing scams, have…

Cryptography and Security · Computer Science 2025-12-02 Wenkai Li , Zongwei Li , Xiaoqi Li , Chunyi Zhang , Xiaoyan Zhang , Yuqing Zhang

Non-Fungible Tokens (NFTs) have emerged as a way to collect digital art as well as an investment vehicle. Despite having been popularized only recently, NFT markets have witnessed several high-profile (and high-value) asset sales and a…

Cryptography and Security · Computer Science 2022-04-28 Dipanjan Das , Priyanka Bose , Nicola Ruaro , Christopher Kruegel , Giovanni Vigna

In the evolving landscape of digital art, Non-Fungible Tokens (NFTs) have emerged as a groundbreaking platform, bridging the realms of art and technology. NFTs serve as the foundational framework that has revolutionized the market for…

Computational Engineering, Finance, and Science · Computer Science 2023-10-04 Vivian Ziemke , Benjamin Estermann , Roger Wattenhofer , Ye Wang

Non-Fungible Tokens (NFTs) offer a promising mechanism to protect Australian and Indigenous artists' copyright. They represent and transfer the value of artwork in digital form. Before adopting NFTs to protect Australian artwork, we in this…

Cryptography and Security · Computer Science 2025-07-10 Ruiqiang Li , Brian Yecies , Qin Wang , Shiping Chen , Jun Shen

Non Fungible Tokens (NFTs) have gained a solid foothold within the crypto community, and substantial amounts of money have been allocated to their trades. In this paper, we studied one of the most prominent marketplaces dedicated to NFT…

Social and Information Networks · Computer Science 2021-09-28 MohammadAmin Fazli , Ali Owfi , Mohammad Reza Taesiri

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…

Computers and Society · Computer Science 2022-09-13 Eduard Hartwich , Philipp Ollig , Gilbert Fridgen , Alexander Rieger

NFT or Non-Fungible Token is a token that certifies a digital asset to be unique. A wide range of assets including, digital art, music, tweets, memes, are being sold as NFTs. NFT-related content has been widely shared on social media sites…

Social and Information Networks · Computer Science 2022-04-22 Arnav Kapoor , Dipanwita Guhathakurta , Mehul Mathur , Rupanshu Yadav , Manish Gupta , Ponnurangam Kumaraguru

This paper presents an analysis of the role of social media, specifically Twitter, in the context of non-fungible tokens, better known as NFTs. Such emerging technology framing the creation and exchange of digital object, started years ago…

Social and Information Networks · Computer Science 2022-07-18 Simone Casale-Brunet , Mirko Zichichi , Lee Hutchinson , Marco Mattavelli , Stefano Ferretti

The fervor for Non-Fungible Tokens (NFTs) attracted countless creators, leading to a Big Bang of digital assets driven by latent or explicit forms of inspiration, as in many creative processes. This work exploits Vision Transformers and…

Social and Information Networks · Computer Science 2025-03-18 Lucio La Cava , Davide Costa , Andrea Tagarelli

Non-fungible tokens (NFTs) as a decentralized proof of ownership represent one of the main reasons why Ethereum is a disruptive technology. This paper presents the first systematic study of the interactions occurring in a number of NFT…

Social and Information Networks · Computer Science 2021-10-26 S. Casale-Brunet , P. Ribeca , P. Doyle , M. Mattavelli

A non-fungible token (NFT) is a data unit stored on the blockchain. Nowadays, more and more investors and collectors (NFT traders), who participate in transactions of NFTs, have an urgent need to assess the performance of NFTs. However,…

Computer Vision and Pattern Recognition · Computer Science 2023-07-04 Fan Yan , Xumeng Wang , Ketian Mao , Wei Zhang , Wei Chen

The rapid growth in popularity and hype surrounding digital assets such as art, video, and music in the form of non-fungible tokens (NFTs) has made them a lucrative investment opportunity, with NFT-based sales surpassing $25B in 2021 alone.…

Cryptography and Security · Computer Science 2023-09-12 Sayak Saha Roy , Dipanjan Das , Priyanka Bose , Christopher Kruegel , Giovanni Vigna , Shirin Nilizadeh

Non-fungible tokens (NFTs), which are immutable and transferable tokens on blockchain networks, have been used to certify the ownership of digital images often grouped in collections. Depending on individual interests, wallets explore and…

Physics and Society · Physics 2024-01-19 Seonbin Jo , Woo-Sung Jung , Hyunuk Kim

Non-fungible tokens (NFT) have recently emerged as a novel blockchain hosted financial asset class that has attracted major transaction volumes. Investment decisions rely on data and adequate preprocessing and application of analytics to…

Statistical Finance · Quantitative Finance 2023-02-23 Jason B. Cho , Sven Serneels , David S. Matteson

We are witnessing the emergence of a new digital art market, the art market 3.0. Blockchain technology has taken on a new sector which is still not well known, Non-Fungible tokens (NFT). In this paper we propose a new methodology to build a…

General Finance · Quantitative Finance 2022-03-08 Hugo Schnoering , Hugo Inzirillo

Blockchain is a decentralized system that allows transaction transmission and storage according to the roles of the Consensus algorithm and Smart contracts. Non-fungible tokens (NFTs) consolidate the best characteristics of blockchain…

Cryptography and Security · Computer Science 2022-09-07 Subhash Shankar Pandey , Tadasha Dash , Prasanta K. Panigrahi , Ahmed Farouk

The explosive growth of non-fungible tokens (NFTs) on Web3 has created a new frontier for digital art and collectibles, but also an emerging space for fraudulent activities. This study provides an in-depth analysis of NFT rug pulls, which…

Cryptography and Security · Computer Science 2023-04-18 Trishie Sharma , Rachit Agarwal , Sandeep Kumar Shukla

Non-fungible tokens (NFTs) drive the prosperity of the Web3 ecosystem. By November 2023, the total market value of NFT projects reached approximately 16 billion USD. Accompanying the success of NFTs are various security issues, i.e.,…

Cryptography and Security · Computer Science 2023-12-14 Kai Ma , Jintao Huang , Ningyu He , Zhuo Wang , Haoyu Wang

We quantify Non Fungible Token (NFT) rarity and investigate how it impacts market behaviour by analysing a dataset of 3.7M transactions collected between January 2018 and June 2022, involving 1.4M NFTs distributed across 410 collections.…

Statistical Finance · Quantitative Finance 2024-05-24 Amin Mekacher , Alberto Bracci , Matthieu Nadini , Mauro Martino , Laura Alessandretti , Luca Maria Aiello , Andrea Baronchelli

Non-fungible tokens(NFTs) are on the rise. They can represent artworks exhibited for marketing purposes on webpages of companies or online stores -- analogously to physical artworks. Lending of NFTs is an attractive form of passive income…

Computers and Society · Computer Science 2023-08-07 Alfred Sopi , Johannes Schneider , Jan vom Brocke