Study on NFT Market Ecology and Pricing Mechanism from the Perspective of Economics

DOI

10.2991/978-94-6463-124-1_10How to use a DOI?

Keywords

Non-Fungible Token; Pricing Mechanism; Market Ecology

Abstract

Non homogeneous token (NFT) based on blockchain is a kind of digital asset ownership recorded on blockchain, which is unique, irreplaceable and indivisible. As a core requirement in the smart economy, NFTs have been widely used in collectibles, encrypted artworks and games. Firstly, this paper expounds the development history of blockchain and NFT Technology. Then, from the perspective of market value, scarcity, application field, market transaction status and market risk analysis, the market ecology of NFTs is systematically expounded. Finally, the main influencing factors, pricing mechanism and main trading modes of NFT value evaluation is summarized.

Keywords: Non-Fungible Token, Pricing Mechanism, Market Ecology the total balance of non-performing loans of major commercial banks shows a rising trend, which not only seriously weakens the economic support role of commercial banks, but also seriously affects the net profit income and economic asset quality of commercial banks. The national financial system under macroeconomic cognition adheres to the business philosophy of simultaneous development of indirect financing and direct financing, which means that if commercial banks have a credit crisis, it will cause a total collapse of the national financial system. In order to cope with the above problems, this paper conducts a study on the influence of macroeconomic factors on commercial banks’ non-performing loans, defines the meaning of non-performing loans by analyzing the concepts related to macroeconomic factors, and then starts from the perspective of classifying commercial banks’ non-performing loans and studying their industry distribution characteristics and financial vulnerability. According to the logical framework presentation, the ability of four categories of factors, namely, economic growth, inflation, unemployment, and monetary policy, to influence commercial banks’ non-performing loans is determined separately.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Dahe Zhang
PY  - 2023
DA  - 2023/03/29
TI  - Study on NFT Market Ecology and Pricing Mechanism from the Perspective of Economics
BT  - Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)
PB  - Atlantis Press
SP  - 70
EP  - 82
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-124-1_10
DO  - 10.2991/978-94-6463-124-1_10
ID  - Zhang2023
ER  -