Tokens no fungibles: una revisión sistematizada sobre el panorama desde la evidencia científica

Javier Alfonso Ramírez Duran; Jose Ignacio Ramírez; Leonardo Niebles Núñez

doi:10.24054/rcta.v1i41.2558

Authors

Javier Alfonso Ramírez Duran Corporación Universitaria Latinoamericana https://orcid.org/0000-0002-3663-9215
Jose Ignacio Ramírez Corporación Universitaria Latinoamericana https://orcid.org/0000-0001-5363-4873
Leonardo Niebles Núñez Corporación Universitaria Latinoamericana https://orcid.org/0000-0003-2970-2498

DOI:

https://doi.org/10.24054/rcta.v1i41.2558

Keywords:

Non-fungible tokens, Blockchain, smart contracts, Ethereum

Abstract

Non-fungible tokens are one of the topics that have been most popular in recent months due to the high sums of money that their transactions have represented; However, there are many questions about what non-fungible tokens are and how they work. In this way, this study is developed in order to analyze the benefits of non-fungible Tokens and their application within the various markets. For the development of the study, a systematized bibliographic review carried out in the WoS and Scopus databases is presented, accompanied by a bibliometric analysis of the results of the search equation before carrying out the process of filtering the results. The results obtained show an important level of application of non-fungible tokens in various sectors, based on the qualities of providing verifiable and unclonable information to various assets; which can range from physical devices based on the IOT to digital art, music or collectibles within video games. It is concluded that the panorama of non-fungible tokens, although very uncertain, shows a trend towards growth and permanence as a type of asset to be considered in the development of the 4.0 era.

Downloads

Download data is not yet available.

References

Abarbanel, B., & Macey, J. (2019). VGO, NFT, OMG! Commentary on continued developments in skins wagering. Gaming Law Review, 23(1), 23-25.

Ante, L. (2021). The non-fungible token (NFT) market and its relationship with Bitcoin and Ethereum. Available at SSRN 3861106.

Arcenegui, J., Arjona, R., & Baturone, I. (2020). Secure management of IoT devices based on blockchain non-fungible tokens and physical unclonable functions. In International Conference on Applied Cryptography and Network Security (pp. 24-40). Springer, Cham.

Arcenegui, J., Arjona, R., Román, R., & Baturone, I. (2021). Secure Combination of IoT and Blockchain by Physically Binding IoT Devices to Smart Non-Fungible Tokens Using PUFs. Sensors, 21(9), 3119.

Chohan, U. W. (2021). Non-Fungible Tokens: Blockchains, Scarcity, and Value. Critical Blockchain Research Initiative (CBRI) Working Papers.

Choi, S. W., Lee, S. M., Koh, J. E., Kim, H. J., & Kim, J. S. (2021). A Study on the elements of business model innovation of non- fungible token blockchain game: based on'PlayDapp'case, an in-game digital asset distribution platform. Journal of Korea Game Society, 21(2), 123-138.

Dowling, M. (2021a). Fertile LAND: Pricing non- fungible tokens. Finance Research Letters, 102096.

Dowling, M. (2021b). Is non-fungible token pricing driven by cryptocurrencies?. Finance Research Letters, 102097.

Fai, A. (2021). Smart Collectibles: Unlocking The Value of Non-Fungible Tokens (NFTs).

Goyal, S., Sanjith, K., Sisodia, A., Suhaas, N. M., & Akram, S. (2020). Transactions Process in Advanced Applications on Ethereum Blockchain Network. In 2020 International Conference on Recent Trends on Electronics, Information, Communication & Technology (RTEICT) (pp. 275-281). IEEE.

Hasan, M., & Starly, B. (2020). Decentralized cloud manufacturing-as-a-service (CMaaS) platform architecture with configurable digital assets. Journal of Manufacturing Systems, 56, 157-174.

Heryadi, Y., & Trisetyarso, A. (2021). Leverage from Blockchain in Commodity Exchange: Asset-Backed Token with Ethereum Blockchain Network and Smart Contract. In Smart Trends in Computing and Communications: Proceedings of SmartCom 2020 (pp. 301-309). Springer, Singapore.

Karandikar, N., Chakravorty, A., & Rong, C. (2021). Blockchain Based Transaction System with Fungible and Non-Fungible Tokens for a Community-Based Energy Infrastructure. Sensors, 21(11), 3822.

Manzoor, A., Samarin, M., Mason, D., & Ylianttila, M. (2020). Scavenger Hunt: Utilization of Blockchain and IoT for a location-based Game. IEEE Access, 8, 204863-204879.

Muthe, K. B., Sharma, K., & Sri, K. E. N. (2020). A Blockchain Based Decentralized Computing And NFT Infrastructure For Game Networks. In 2020 Second International Conference on Blockchain Computing and Applications (BCCA) (pp. 73-77). IEEE.

Ozturan, C. (2020). Barter Machine: An Autonomous, Distributed Barter Exchange on the Ethereum Blockchain. Ledger, 5.

Pirker, D., Fischer, T., Witschnig, H., & Steger, C. (2021). velink-A Blockchain-based Shared Mobility Platform for Private and Commercial Vehicles utilizing ERC-721 Tokens. In 2021 IEEE 5th International Conference on Cryptography, Security and Privacy (CSP) (pp. 62-67). IEEE.

Valaštín, V., Košt’ál, K., Bencel, R., & Kotuliak, I. (2019, September). Blockchain based car- sharing platform. In 2019 International Symposium ELMAR (pp. 5-8). IEEE.

Vinnari, M. (2021). Potential use cases for non- fungible tokens in combination with physical art.

Wang, Q., Li, R., Wang, Q., & Chen, S. (2021). Non-fungible token (NFT): Overview, evaluation, opportunities and challenges. arXiv preprint arXiv:2105.07447.

Westerkamp, M., Victor, F., & Küpper, A. (2020). Tracing manufacturing processes using blockchain-based token compositions. Digital Communications and Networks, 6(2), 167-176.

Tapscott, D., & Tapscott, A. (2016). The impact of the blockchain goes beyond financial services. Harvard business review, 10(7).

Seebacher, S., & Schüritz, R. (2017, May). Blockchain technology as an enabler of service systems: A structured literature review. In International Conference on Exploring Services Science (pp. 12-23). Springer, Cham.

Pesserl, A. (2021). NFT 2.0: blockchains, mercado fonográfico e distribuição direta de direitos autorais. Revista Rede de Direito Digital, Intelectual & Sociedade, 1(1), 255-294.

Goel, S., & Mittal, H. (2020). Economic, legal and financial perspectives on cryptocurrencies: a review on cryptocurrency growth, opportunities and future prospects. World Review of Entrepreneurship, Management and Sustainable Development, 16(6), 611-623.

Vassallo, D., Vella, V., & Ellul, J. (2021). Application of gradient boosting algorithms for anti-money laundering in cryptocurrencies. SN Computer Science, 2(3), 1-15.

Zhou, Q., Huang, H., Zheng, Z., & Bian, J. (2020). Solutions to scalability of blockchain: A survey. IEEE Access, 8, 16440-16455.

Kher, R., Terjesen, S., & Liu, C. (2021). Blockchain, Bitcoin, and ICOs: a review and research agenda. Small Business Economics, 56(4), 1699-1720.

Bodkhe, U., Tanwar, S., Parekh, K., Khanpara, P., Tyagi, S., Kumar, N., & Alazab, M. (2020). Blockchain for industry 4.0: A comprehensive review. IEEE Access, 8, 79764-79800.

Fairfield, J. (2021). Tokenized: The Law of Non- Fungible Tokens and Unique Digital Property. Indiana Law Journal, Forthcoming. Vermibus, V. (2021). Arte urbano, como token no fungible, y patrimonio cultural. PH: Boletín

del Instituto Andaluz del Patrimonio Histórico, 29(103), 184-186.

Franceschet, M., Colavizza, G., Finucane, B., Ostachowski, M. L., Scalet, S., Perkins, J., ... & Hernández, S. (2020). Crypto art: A decentralized view. Leonardo, 1-8.

Kupferman, D. W. (2021). Educational Futures and Postdigital Science. Postdigital Science and Education, 1-8.

Baur, D. G., Hong, K., & Lee, A. D. (2018). Bitcoin: Medium of exchange or speculative assets?. Journal of International Financial Markets, Institutions and Money, 54, 177-189.

Baur, D. G., Hong, K., & Lee, A. D. (2018). Bitcoin: Medium of exchange or speculative assets?. Journal of International Financial Markets, Institutions and Money, 54, 177-189. Nonfungible. (2021).

Serada, A., Sihvonen, T., & Harviainen, J. T. (2021). CryptoKitties and the new ludic economy: how blockchain introduces value, ownership, and scarcity in digital gaming. Games and Culture, 16(4), 457-480.

Vanherpe, J., & Janssens, M. C. (2021). Non- Fungible Tokens and Copyright: crypto- buyer beware.

Rae, M. (2021). Analyzing the NFT Mania: Is a JPG Worth Millions?. SAGE Publications: SAGE Business Cases Originals. Crow, K., & Ostroff, C. (2021). Beeple NFT fetches record-breaking $69 million in Christie’s sale. Wall Street Journal.

Raman, R., & Raj, B. E. (2021). The World of NFTs (Non-Fungible Tokens): The Future of Blockchain and Asset Ownership. In Enabling Blockchain Technology for Secure Networking and Communications (pp. 89- 108). IGI Global.

Díaz-Jiménez, R. M., Yerga-Míguez, M. D., & Serrato-Calero, M. D. L. M. (2021). Mediación, discapacidad y Trabajo Social: una revisión sistematizada.

George Reyes, C. E., & Avello-Martínez, R. (2021). Alfabetización digital en la educación. Revisión sistemática de la producción científica en SCOPUS.

Kakarlapudi, P. V., & Mahmoud, Q. H. (2021, February). A Systematic Review of Blockchain for Consent Management. In Healthcare (Vol. 9, No. 2, p. 137). Multidisciplinary Digital Publishing Institute.

Nadini, M., Alessandretti, L., Di Giacinto, F., Martino, M., Aiello, L. M., & Baronchelli, A. (2021). Mapping the NFT revolution: market trends, trade networks and visual features. arXiv preprint arXiv:2106.00647.

Quirion, A. (2021). What Is an NFT and Why Should Archivists Pay Attention?. archeota, 11.

Morkunas, V. J., Paschen, J., & Boon, E. (2019). How blockchain technologies impact your business model. Business Horizons, 62(3), 295-306.

Shahnaz, A., Qamar, U., & Khalid, A. (2019). Using blockchain for electronic health records. IEEE Access, 7, 147782-147795.

Shirole, M., Darisi, M., & Bhirud, S. (2020). Cryptocurrency Token: An Overview. IC- BCT 2019, 133-140.