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Non-fungible token: Overview and use cases

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  • Diefenbach, Carolin

Abstract

Due to the rapid growth experienced by the market for non-fungible tokens in 2021, the topic has become much more present. Even people who have not previously dealt with the topic of cryptoassets are finding interest in it. What exactly is hidden behind the term NFT, which areas of application there are and in which direction crypto tokens are developing will be briefly presented in this article. Significant changes on the market and in the technological field will be highlighted, as well as opportunities and challenges.

Suggested Citation

  • Diefenbach, Carolin, 2023. "Non-fungible token: Overview and use cases," wifin Working Paper Series 16/2023, RheinMain University of Applied Sciences, Wiesbaden Institute of Finance and Insurance (wifin).
    • Handle: RePEc:zbw:wifinw:162023
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    Keywords

    crypto-assets; virtual assets; non-fungible token; smart contracts; blockchain; proof of work; proof of stake;
    All these keywords.

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