Publication Type
Conference Proceeding Article
Version
acceptedVersion
Publication Date
6-2024
Abstract
This study examines the market’s inclination towards usability and collectibility aspects of Non-Fungible Tokens (NFTs) within Web3 domain name marketplaces, drawing insights from resale records. Our findings reveal a prevailing preference for usability, as evidenced by consistently higher average resale prices observed for Ethereum Name Service (ENS) domains compared to Linagee Name Registrar (LNR) domains. However, domains with diminished usability, such as those containing non-ASCII characters, tend to attract investors due to their enhanced collectibility. Our analysis on the effect from previous resale suggests a potential aversion towards second-hand acquisitions among NFT investors when value derives primarily from usability, while speculative value escalates with increased trading activity for collectible-focused NFTs.
Keywords
NFT, Web3, Domain Name, Usability, Collectibility
Discipline
Databases and Information Systems
Research Areas
Information Systems and Management
Areas of Excellence
Digital transformation
Publication
Proceedings of the 17th China Summer Workshop on Information Management, CSWIM 2024, Xiamen, China, June 29-30
First Page
1
Last Page
6
City or Country
Xiamen, China
Citation
KE, Ping Fan and LAU, Yi Meng.
Usability versus collectibility in NFT: The case of Web3 domain names. (2024). Proceedings of the 17th China Summer Workshop on Information Management, CSWIM 2024, Xiamen, China, June 29-30. 1-6.
Available at: https://ink.library.smu.edu.sg/sis_research/9218
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Comments
Proceedings https://2024.cswimworkshop.org/proceedings/ Conference https://2024.cswimworkshop.org/