🚍Current NFT Market

Non-fungible token (NFT, differs from the fungible token, has unique representativeness that enables the associated product to achieve uniqueness. While NFT is stored on a digital ledger, blockchain, authenticity and ownership of the associated product can be verified or certificated. It is, therefore, a rapidly increasing trend in implementing NFT to intellectual property(IP, such as artworks, collectibles, and metaverse real estate, in the current global market (Wang, Li, Wang, & Chen, 2021). Researchers Kong and Lin (2021) have conducted a current largest risk-return profile investigation regarding product associated NFT in early 2021, in which 44.11% of average monthly returns is recorded statistically with the highest return observed being 118.68%. Although investment risk from NFT products is recognisable, NFT associated graphic product achieving extremely high financial returns is unstoppable. Cases such as Beeple’s artwork “Everyday: the First 500 Days” sold for $69 Million US in earlier March are frequently recorded. With the ability to prove the ownership and certificate the authenticity, trading NFT associated intellectual products is trending normalcy for investment and business.