Non-Fungible Token Security

• URL: http://arxiv.org/abs/2310.15518v1
• Date: Tue, 24 Oct 2023 04:55:43 GMT
• Title: Non-Fungible Token Security
• Authors: Ryleigh McKinney, Sundar Krishnan,
• Abstract summary: Non-fungible tokens (NFTs) are unique digital assets stored on the blockchain and is used to certify ownership and authenticity of the digital asset. NFTs were first created in 2014 while their popularity peaked between 2021 and 2022.
• Score: 0.0
• License: http://creativecommons.org/licenses/by/4.0/
• Abstract: Non-fungible tokens (NFTs) are unique digital assets stored on the blockchain and is used to certify ownership and authenticity of the digital asset. NFTs were first created in 2014 while their popularity peaked between 2021 and 2022. In this paper, the authors dive into the world of Non-Fungible Tokens (NFTs), their history, the Future of NFTs, as well as the security concerns.

Related papers

• IT Strategic alignment in the decentralized finance (DeFi): CBDC and digital currencies [49.1574468325115]
  Decentralized finance (DeFi) is a disruptive-based financial infrastructure. This paper seeks to answer two main questions 1) What are the common IT elements in the DeFi? And 2) How the elements to the IT strategic alignment in DeFi?
  arXiv  Detail & Related papers  (2024-05-17T10:19:20Z)
• What Determines the Price of NFTs? [26.368626684043992]
  We analyze both on-chain and off-chain data of NFT collections trading on OpenSea to understand what influences NFT pricing. Our results show that while text and image data of the NFTs can be used to explain price variations within collections, the extracted features do not generalize to new, unseen collections.
  arXiv  Detail & Related papers  (2023-10-03T06:09:59Z)
• Evaluation of Non-Fungible Token (NFT) [0.0]
  The derivative of token standard of blockchain, termed as Non Fungible Token is distinguishable token. These tokens are bound with digital properties that provide them unique identification. This paper is an attempt to squeeze the NFT developments systematically.
  arXiv  Detail & Related papers  (2023-08-28T08:12:32Z)
• A Game of NFTs: Characterizing NFT Wash Trading in the Ethereum Blockchain [53.8917088220974]
  The Non-Fungible Token (NFT) market experienced explosive growth in 2021, with a monthly trade volume reaching $6 billion in January 2022. Concerns have emerged about possible wash trading, a form of market manipulation in which one party repeatedly trades an NFT to inflate its volume artificially. We find that wash trading affects 5.66% of all NFT collections, with a total artificial volume of $3,406,110,774.
  arXiv  Detail & Related papers  (2022-12-02T15:03:35Z)
• When Quantum Information Technologies Meet Blockchain in Web 3.0 [86.91054991998273]
  We introduce a quantum blockchain-driven Web 3.0 framework that provides information-theoretic security for decentralized data transferring and payment transactions. We discuss the potential applications and challenges of implementing quantum blockchain in Web 3.0.
  arXiv  Detail & Related papers  (2022-11-29T05:38:42Z)
• The Art NFTs and Their Marketplaces [0.0]
  Non-Fungible Tokens (NFTs) are crypto assets with a unique digital identifier for ownership, powered by blockchain technology. This paper focuses on art NFTs that change how artists can sell their products. It also changes how the art trade market works since NFT technology cuts out the middleman.
  arXiv  Detail & Related papers  (2022-10-23T02:17:30Z)
• Probably Something: A Multi-Layer Taxonomy of Non-Fungible Tokens [62.997667081978825]
  Non-Fungible Tokens (NFTs) are hyped and increasingly marketed as essential building blocks of the Metaverse. This paper aims to establish a fundamental and comprehensive understanding of NFTs by identifying and structuring common characteristics within a taxonomy.
  arXiv  Detail & Related papers  (2022-08-29T18:00:30Z)
• Token Spammers, Rug Pulls, and SniperBots: An Analysis of the Ecosystem of Tokens in Ethereum and in the Binance Smart Chain (BNB) [50.888293380932616]
  We study the ecosystem of the tokens and liquidity pools. We find that about 60% of tokens are active for less than one day. We estimate that 1-day rug pulls generated $240 million in profits.
  arXiv  Detail & Related papers  (2022-06-16T14:20:19Z)
• "It's A Blessing and A Curse": Unpacking Creators' Practices with Non-Fungible Tokens (NFTs) and Their Communities [9.270221748331096]
  We focus on NFT creators and present results of an exploratory qualitative study. Our participants had nuanced feelings about NFTs and their communities. We discuss how the built-in properties of blockchains and NFTs might have contributed to some of these issues.
  arXiv  Detail & Related papers  (2022-01-15T08:52:26Z)
• NFTGAN: Non-Fungible Token Art Generation Using Generative Adversatial Networks [0.0]
  This paper explores the possibility of using generative adversarial networks (GANs) for automatic generation of digital arts. GANs are deep learning architectures that are widely and effectively used for synthesis of audio, images, and video contents. Results from the qualitative case study indicate the generated artworks are comparable to the real samples.
  arXiv  Detail & Related papers  (2021-12-17T14:58:27Z)
• From Tether to Libra: Stablecoins, Digital Currency and the Future of Money [62.997667081978825]
  It provides a compact definition for stablecoins, identifying the unique features that make them distinct from previously known payment systems. It surveys the different use cases for stablecoins as well as the underlying economic incentives for creating them.
  arXiv  Detail & Related papers  (2020-05-26T18:13:46Z)

This list is automatically generated from the titles and abstracts of the papers in this site.

This site does not guarantee the quality of this site (including all information) and is not responsible for any consequences.