Data Analysis of Non Fungible Tokens (NFTs) Pricing using Brokerage Firm data

Darshan, M.; Raswanth, S.R; Kumar, Priyanka

doi:10.1109/globconpt57482.2022.9938298

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2023

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Cited by 2 publications

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“…For example, if an ERC-20 token is pegged to the U.S. dollar, its value is fixed at one U.S. dollar per token. However, the value of ERC-721 tokens relies on subjective evaluation or price history, making their value assessment difficult [15], [19], [20]. ERC-721 tokens are primarily used for digital collections (e.g., CryptoKitties) or representation of rights (e.g., Uniswap v3 [18]), due to the difficulty in valuation.…”

Section: Introductionmentioning

confidence: 99%

The Historical Analysis of Cultural Centers in Seoul - From Seoul Civic Center to Sejong Center -

Kim¹

2021

Korea Assoc World History Cult

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Section: Introductionmentioning

confidence: 99%

The Historical Analysis of Cultural Centers in Seoul - From Seoul Civic Center to Sejong Center -

Kim¹

2021

Korea Assoc World History Cult

View full text Add to dashboard Cite

Comprehensive analysis of non-fungible tokens valuation and accounting under IFRS: Challenges and artificial intelligence implications

Akpan,

Ukwu

2023

RGC

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The emergence of non-fungible tokens (NFTs) has created a new market with significant implications for stakeholders, particularly in industries such as art, fashion, gaming, and real-world assets, leading to challenges in finance, financial pricing, financial management, risk management, and cryptocurrency issues. This research paper adopts a quantitative approach to provide a comprehensive analysis of the challenges associated with NFTs, including their impact on the art market, risks related to ownership rights, and proper financial statement treatment. Additionally, the paper examines the challenges of accounting for NFTs under the International Financial Reporting Standards (IFRS), including valuation, tax treatment, and accounting considerations. The use of artificial intelligence (AI) in creating, verifying, and authenticating NFTs, as well as detecting potential fraud and valuing them in the market, is also discussed. Finally, the paper provides recommendations for companies and accounting professionals on addressing the challenges associated with NFTs under IFRS. The research contributes to the ongoing debate on the best practices for NFT accounting, the evolving nature of digital assets, and the role of AI in this emerging market.

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Data Analysis of Non Fungible Tokens (NFTs) Pricing using Brokerage Firm data

Cited by 2 publications

References 8 publications

The Historical Analysis of Cultural Centers in Seoul - From Seoul Civic Center to Sejong Center -

The Historical Analysis of Cultural Centers in Seoul - From Seoul Civic Center to Sejong Center -

Comprehensive analysis of non-fungible tokens valuation and accounting under IFRS: Challenges and artificial intelligence implications

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