Stakeholders and Value in the NFT Ecosystem: Towards a Multi-disciplinary Understanding of the NFT Phenomenon
Paper i proceeding, 2022

Non-fungible tokens (NFTs) have been a defining trend for design, technology, and business in 2021. The value, legitimacy, and utility of NFTs is disputed: proponents highlight revolutionary economic and cultural potentials of an open, secure, and immutable ownership database, while opponents are displeased by the environmental issues and abundant wrongdoing in the ecosystem. Nevertheless, the phenomenon is relevant to HCI, and signifies important developments for future interactive products. To better understand the NFT phenomenon, and to inform future HCI research and design, we investigated the stakeholders in the NFT ecosystem and relations between them. Based on open data we mined from the social news website Hacker News, we contribute the first data-backed model of stakeholders in the NFT ecosystem. The model reveals a nuanced account of the outlooks of creators, owners, and technologists; identifies investment firms and auction houses as arbiters of knowledge and value; and presents implications for future research.

startups

art market

cryptocurrencies

economics

creator economy

business

cryptography

finance

non-fungible tokens

NFTs

blockchain

digital art

venture capital

speculation

Författare

Mehmet Aydin Baytas

Weatherlight

Amos Cappellaro

Student vid Chalmers

Ylva Fernaeus

Kungliga Tekniska Högskolan (KTH)

Conference on Human Factors in Computing Systems - Proceedings

211
9781450391566 (ISBN)

2022 CHI Conference on Human Factors in Computing Systems, CHI EA 2022
Virtual, Online, USA,

Ämneskategorier

Ekonomisk geografi

Företagsekonomi

Systemvetenskap, informationssystem och informatik med samhällsvetenskaplig inriktning

DOI

10.1145/3491101.3519694

Mer information

Senast uppdaterat

2022-05-20