Non Fungible Token – Analysis of a New Investment Opportunity
Kroiss, Julius (2022)
Kroiss, Julius
2022
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2022102721676
https://urn.fi/URN:NBN:fi:amk-2022102721676
Tiivistelmä
This thesis is about Non fungible Token, a new form of digital assets based on Blockchain technology. This thesis aims to give the reader an understanding of NFT, what they are, how they work, how they can be used, and how to answer whether NFT is a good investment. The theoretical part includes the history, the future, the used technology, its advantages and disadvantages, the different types, alternative uses, and the much-anticipated question of why people are investing in something that is only digital and not physical. The practical part contains an analysis in the form of a case study. This case study includes an analysis of an investment in NFT in general, on the biggest marketplace in the NFT world and one of the original Collections. This analysis was followed by a practical experiment that presented a collaboration collection with an artist. The methods used in the case study were a fundamental, technical, and quantitative analysis of the NFT market as a whole, a fundamental and technical analysis of the NFT marketplace OpenSea and a technical analysis of a short-term investment of the "Bored Ape Yacht Club" collection. The short experiment was implemented in a practical guide that should show if NFTs are worth considering as a creator.