ABSTRACT. In this article, I cumulate previous research findings indicating that NFT markets are products of and develop on blockchain technology. I contribute to the literature on blockchain-based non-fungible token (NFT) markets for digital assets by showing that NFTs are refashioning how digital assets are transacted by use of blockchain technology and cryptocurrencies. Throughout February 2022, I performed a quantitative literature review of the Web of Science, Scopus, and ProQuest databases, with search terms including “non-fungible tokens” + “digital assets,” “blockchain technology,” and “cryptocurrencies.” As I inspected research published between 2021 and 2022, only 112 articles satisfied the eligibility criteria. By eliminating controversial findings, outcomes unsubstantiated by replication, too imprecise material, or having similar titles, I decided upon 22, generally empirical, sources. Data visualization tools: Dimensions (bibliometric mapping) and VOSviewer (layout algorithms). Reporting quality assessment tool: PRISMA. Methodological quality assessment tools include: AXIS, Dedoose, ROBIS, and SRDR.

Keywords: non-fungible token; blockchain; digital assets; trade growth; market

How to cite: Rowland, M. (2022). “Trade Growth in Blockchain-based Non-Fungible Token (NFT) Markets for Digital Assets,” Smart Governance 1(1): 49–63. doi: 10.22381/sg1120224.

Received 27 February 2022 • Received in revised form 26 April 2022
Accepted 29 April 2022 • Available online 30 May 2022

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