June 8, 2023, 1:10 a.m. | Shuwei Li, Yucheng Jin, Pin-Lun Hsu, Ya-Sin Luo

cs.CR updates on arXiv.org arxiv.org

Non-fungible token (NFT) is a tradable unit of data stored on the blockchain
which can be associated with some digital asset as a certification of
ownership. The past several years have witnessed the exponential growth of the
NFT market. In 2021, the NFT market reached its peak with more than $40 billion
trades. Despite the booming NFT market, most NFT-related studies focus on its
technical aspect, such as standards, protocols, and security, while our study
aims at developing a pioneering …

asset blockchain certification data digital growth market nft non non-fungible token ownership peak system token

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