Fridgen, Gilbert; Kräussl, Roman; Papageorgiou, Orestis; … - 2023
This paper examines the level of speculation associated with art non-fungible tokens (NFTs), comprehends the … characteristics that confer value on them and designs a profitable trading strategy based on our findings. We analyze 860,067 art NFTs … to forecast the probability of sale, the trade frequency and the average price. We find that NFTs are highly speculative …