Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/271006 
Year of Publication: 
2023
Series/Report no.: 
wifin Working Paper No. 16/2023
Publisher: 
RheinMain University of Applied Sciences, Wiesbaden Institute of Finance and Insurance (wifin), Wiesbaden
Abstract: 
Due to the rapid growth experienced by the market for non-fungible tokens in 2021, the topic has become much more present. Even people who have not previously dealt with the topic of cryptoassets are finding interest in it. What exactly is hidden behind the term NFT, which areas of application there are and in which direction crypto tokens are developing will be briefly presented in this article. Significant changes on the market and in the technological field will be highlighted, as well as opportunities and challenges.
Abstract (Translated): 
Aufgrund des rasanten Wachstums, das der Markt für Non-fungible Token im Jahr 2021 erfahren hat, ist das Thema deutlich präsenter geworden. Auch Personen, die sich zuvor nicht mit dem Thema Kryptoassets auseinandergesetzt haben, finden Interesse daran. Was genau sich hinter dem Begriff NFT verbirgt, welche Einsatzgebiete es gibt und in welche Richtung sich die Kryptotoken entwickeln, soll in diesem Artikel kurz dargestellt werden. Dabei werden signifikante Veränderungen am Markt und im technologischen Bereich beleuchtet sowie Chancen und Herausforderungen.
Subjects: 
crypto-assets
virtual assets
non-fungible token
smart contracts
blockchain
proof of work
proof of stake
Document Type: 
Working Paper

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