Research Pulse Issue #15 05/28/21

The article Non-Fungible Token (NFT): Overview, Evaluation, Opportunities and Challenges. Authors: Qin Wang, Rujia Li, Qi Wang, and Shiping Chen is a great overview and evaluation of Non-Fungible tokens (“NFTs”). It is interesting to have an aerial view of what an NFT is, how it works, and the current design models. The article goes further to elucidate opportunities and challenges that are presented with the use of NFTs. Areas I really noted were the opportunities for NFTs in boosting the gaming industry, enhancing digital collectibles, virtual events, and even inspiring the Metaverse. The security challenges and solutions outlined were really informative. The truth is, when we consider the global spending on NFTs within such a short amount of time, it is important for us to take notes of the trends, evaluate them and consider where all this could lead to. The article mentions the need for a systematic study of NFTs which is not currently present, and which this article delves into. I would like to inquire into this a little further. Do you have any thoughts as to how this could be further carried out? What exactly would a further systematic study of NFTs entail? How do we test and analyze for measurable results as the NFT technologies are still in the infancy stage? NFTs going into the Metaverse is a whole new world. We haven’t even begun to scratch the surface.

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