NFT: blockchain-based non-fungible token and applications

Abstract

Non-fungible token (NFT) based on blockchain is a kind of digital asset ownership recorded on blockchain, which is unique, irreplaceable and indivisible.It has been widely used in collectibles, encrypted artworks and games.Firstly, the concepts, characteristics and development processes of NFT were mainly introduced, and its core elements and typical application fields were analyzes.The problems and risks faced by NFT in the aspects of property right, value, technology and supervision were also pointed out.After that, the related literatures on NFT were reviewed, and the research issues of NFT in value evaluation, transaction mode and pricing were proposed.Finally, the trend of NFT driven digital capitalization was prospected.

Keywords

• non-fungible token;blockchain;digital asset ownership;digital capitalization