KOREASCHOLAR

EVALUATION OF MULTIPLE VARIATIONS WITH NONFUNGIBLE TOKENS (NFTS): IMPORTANCE OF UNIQUENESS

Jungkeun Kim, Daniel Chaein Lee, Jaehoon Lee, Jihoon Jhang, Jooyoung Park
  • LanguageENG
  • URLhttp://db.koreascholar.com/Article/Detail/422699
Global Marketing Conference
2023 Global Marketing Conference at Seoul (2023.07)
p.660
글로벌지식마케팅경영학회 (Global Alliance of Marketing & Management Associations)
Abstract

This paper examines how consumers evaluate digital products with multiple Non-fungible Tokens (NFTs), which are blockchain-enabled cryptographic assets that represent proof-of-ownership for digital objects. The study predicts that people prefer fractioned NFTs (unique fractions of a digital object) versus duplicated NFTs (identical digital objects with distinct numbers) due to their preference for uniqueness. The study also examines the moderating role of product attributes, predicting that preferences for fractioned NFTs will be reduced when the product provides unique aspects, such as a serial number.

Author
  • Jungkeun Kim(Auckland University of Technology, New Zealand)
  • Daniel Chaein Lee(Auckland University of Technology, New Zealand)
  • Jaehoon Lee(Florida International University, USA)
  • Jihoon Jhang(University of Central Arkansas, USA)
  • Jooyoung Park(Peking University HSBC Business School, China)