“…Technically, NFTs can be interpreted as fingerprints that thrive on a blockchain and strengthen the benefits of the technology (Honest, 2021;Badar et al, 2020). This qualifies NFTs to be utilized for a spectrum of applications, including medical records and their identity verification (Wilson et al, 2021), intellectual property (Dolganin, 2021;Okonkwo, 2021), real estate, academic credentials (Wang, 2022), gaming industry (Francisco et al, 2022), supply chain and ticketing (Binns, 2022) applications. Illustratively, NFTs also allow artists to demonstrate their artwork with the click of a few buttons, allowing them to reduce their typically colossal public-demonstration budgets, which can then flow to other areas, such as art production costs, consumption by end-user, and retrading of the art through the blockchain (Russell, 2022).…”