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Characterizing the Solana NFT Ecosystem
March 19, 2024, 4:10 a.m. | Dechao Kong, Xiaoqi Li, Wenkai Li
cs.CR updates on arXiv.org arxiv.org
Abstract: Non-Fungible Tokens (NFTs) are digital assets recorded on the blockchain, providing cryptographic proof of ownership over digital or physical items. Although Solana has only begun to gain popularity in recent years, its NFT market has seen substantial transaction volumes. In this paper, we conduct the first systematic research on the characteristics of Solana NFTs from two perspectives: longitudinal measurement and wash trading security audit. We gathered 132,736 Solana NFT from Solscan and analyzed the sales …
arxiv assets blockchain cryptographic cs.cr digital digital assets ecosystem market nft nfts non non-fungible tokens ownership physical proof research solana tokens transaction
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