While real incomes declined and the global art market stagnated, the digital art market was booming in recent years. This was partially due to its connection with non-fungible tokens, which allow any unique goods to be mapped in a digital environment for the first time. Therefore, digital arts...

This study investigates the impact of Twitter sentiment on the Non-Fungible Token (NFT) market. Using a dataset of over 5 million English-language tweets on NFTs, we calculate a daily sentiment index and link it to NFT sales and trading volume. Applying wavelet analysis and DCC-GJR-GARCH models,...