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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

Non Fungible Token (NFT) Industry has been witnessing multi-million dollar trade in recent times. With rapid innovation of the NFT market environment by technology, innovation, and decentralization, it is becoming hard to distinguish…

General Finance · Quantitative Finance 2022-01-19 Mayukh Mukhopadhyay , Kaushik Ghosh

Non-Fungible Token (NFT) markets are one of the fastest growing digital markets today, with the sales during the third quarter of 2021 exceeding $10 billions! Nevertheless, these emerging markets - similar to traditional emerging…

Social and Information Networks · Computer Science 2023-07-19 Konstantinos Pelechrinis , Xin Liu , Prashant Krishnamurthy , Amy Babay

Many classical blockchains are known to have an embarrassingly low transaction throughput, down to Bitcoin's notorious seven transactions per second limit.Various proposals and implementations for increasing throughput emerged in the first…

Cryptography and Security · Computer Science 2023-03-08 Lioba Heimbach , Quentin Kniep , Yann Vonlanthen , Roger Wattenhofer

The Non-Fungible Token (NFT) market is mushrooming in recent years. The concept of NFT originally comes from a token standard of Ethereum, aiming to distinguish each token with distinguishable signs. This type of token can be bound with…

Cryptography and Security · Computer Science 2021-10-26 Qin Wang , Rujia Li , Qi Wang , Shiping Chen

Non-fungible tokens (NFTs) offer a unique method for representing digital and physical assets on the blockchain. However, the NFT market has recently experienced a downturn in interest, mainly due to challenges related to high entry…

Cryptography and Security · Computer Science 2024-09-13 Wejdene Haouari , Marios Fokaefs

The Non-Fungible Token (NFT) market in the Ethereum blockchain experienced explosive growth in 2021, with a monthly trade volume reaching \$6 billion in January 2022. However, concerns have emerged about possible wash trading, a form of…

Computers and Society · Computer Science 2024-09-04 Massimo La Morgia , Alessandro Mei , Alberto Maria Mongardini , Eugenio Nerio Nemmi

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) are decentralized digital tokens to represent the unique ownership of items. Recently, NFTs have been gaining popularity and at the same time bringing up issues, such as scams, racism, and sexism.…

Computers and Society · Computer Science 2025-08-11 Yunpeng Xiao , Bufan Deng , Siqi Chen , Kyrie Zhixuan Zhou , Ray LC , Luyao Zhang , Xin Tong

Non-Fungible Tokens (NFTs) are crypto assets with a unique digital identifier for ownership, powered by blockchain technology. Technically speaking, anything digital could be minted and sold as an NFT, which provides proof of ownership and…

Statistical Finance · Quantitative Finance 2022-10-28 Lanqing Du , Michelle Kim , Jinwook Lee

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

NFT (Non-fungible Token) has drastically increased in its size, accounting for over \$16.9B of total market capitalization. Despite the rapid growth of NFTs, this market has not been examined thoroughly from a financial perspective. In this…

Statistical Finance · Quantitative Finance 2023-03-17 Na Hyeon Park , Hanna Kim , Chanhee Lee , Changhoon Yoon , Seunghyeon Lee , Youngjin jin , Seungwon Shin

Lately, Non-Fungible Tokens (NFTs), i.e., uniquely discernible assets on a blockchain, have skyrocketed in popularity by addressing a broad audience. However, the typical NFT auctioning procedures are conducted in various, ad hoc ways,…

Computer Science and Game Theory · Computer Science 2022-09-26 Jason Milionis , Dean Hirsch , Andy Arditi , Pranav Garimidi

]A multichain non-fungible tokens (NFTs) marketplace is a decentralized platform where users can buy, sell, and trade NFTs across multiple blockchain networks by using cross communication bridge. In past most of NFT marketplace was based on…

Cryptography and Security · Computer Science 2024-02-13 Muhammad Shoaib Farooq , Hamza Jamil , Hafiz Sohail Riaz

NFTs (Non-Fungible Tokens) have seen significant growth since they first captured public attention in 2021. However, the NFT market is plagued by fake transactions and economic bubbles, e.g., NFT wash trading. Wash trading typically refers…

Cryptography and Security · Computer Science 2024-07-23 Shijian Chen , Jiachi Chen , Jiangshan Yu , Xiapu Luo , Yanlin Wang

A non-fungible token (NFT) market is a new trading invention based on the blockchain technology which parallels the cryptocurrency market. In the present work we study capitalization, floor price, the number of transactions, the…

Computational Finance · Quantitative Finance 2024-01-17 Paweł Szydło , Marcin Wątorek , Jarosław Kwapień , Stanisław Drożdż

Non Fungible Tokens (NFTs) are digital assets that represent objects like art, collectible, and in-game items. They are traded online, often with cryptocurrency, and are generally encoded within smart contracts on a blockchain. Public…

Statistical Finance · Quantitative Finance 2021-11-02 Matthieu Nadini , Laura Alessandretti , Flavio Di Giacinto , Mauro Martino , Luca Maria Aiello , Andrea Baronchelli

As emerging digital assets, NFTs are susceptible to anomalous trading behaviors due to the lack of stringent regulatory mechanisms, potentially causing economic losses. In this paper, we conduct the first systematic analysis of four…

Cryptography and Security · Computer Science 2024-03-18 Yuanzheng Niu , Xiaoqi Li , Hongli Peng , Wenkai Li

Non-Fungible Tokens (NFTs) are transforming how content creators, such as artists, price and sell their work. A key feature of NFTs is the inclusion of royalties, which grant creators a share of all future resale proceeds. Although widely…

General Economics · Economics 2026-04-06 Brett Hemenway Falk , Gerry Tsoukalas , Niuniu Zhang

With the popularity of Non-Fungible Tokens (NFTs), NFTs have become a new target of phishing attacks, posing a significant threat to the NFT trading ecosystem. There has been growing anecdotal evidence that new means of NFT phishing attacks…

Cryptography and Security · Computer Science 2024-03-29 Jingjing Yang , Jieli Liu , Jiajing Wu
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