Publication Type

Conference Proceeding Article

Version

acceptedVersion

Publication Date

6-2026

Abstract

Major sociopolitical events can reshape public attention toward identity-related issues, potentially influencing valuation patterns in digital markets where identity-related characteristics are embedded in digital assets. Using the overturning of Roe v. Wade as an exogenous policy shock, this paper examines how gender attributes represented in non-fungible token (NFT) avatars affect market outcomes. Using transaction data from six major avatar-based NFT collections traded on Etherscan in 2022, we apply a quasi-experimental design combining propensity score matching and a difference-in-differences model. The results indicate that the policy shock significantly increased the resale prices of NFTs representing female avatars. These findings suggest that sociopolitical shocks can change investor attention and pricing dynamics in decentralized digital markets by highlighting identity-related signals embedded in digital assets.

Keywords

Gender Identity, Non-Fungible Token (NFT), Decentralized Digital Market

Discipline

Databases and Information Systems

Research Areas

Information Systems and Management

Publication

Proceedings of the 19th China Summer Workshop on Information Management (CSWIM 2026), Haikou, Hainan, China, June 27-28

First Page

1

Last Page

5

City or Country

CSWIM 2026

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