Abstract
Non-fungible tokens (NFTs) have taken the world by storm. Initially started as an art/game experiment, the NFT has given rise to a new form of entrepreneurship in the virtual world with massive opportunities and affordances. However, research into the entrepreneurial aspect of NFTs and the role of agency in the process is limited. In this article, I examine the concept of NFT-enabled Entrepreneurship (or NFTE). I first identify the main characteristics of NFTs, then define NFTE and discuss the related assumptions, and finally propose a conceptual framework for NFTE and investigate its enablers. I conclude by proposing NFTE as a novel domain of entrepreneurship theory and practice with extensive new research opportunities, and the plausibility of using NFT as an alternative mode of knowledge production in which scholars become “NFT creators.” © 2022 The Author.
| Original language | English |
|---|---|
| Article number | e00323 |
| Journal | Journal of Business Venturing Insights |
| Volume | 18 |
| Online published | 20 May 2022 |
| DOIs | |
| Publication status | Published - Nov 2022 |
| Externally published | Yes |
Funding
This work was supported by the Faculty StartUp research grant at the Hong Kong Polytechnic University with project entitled: Exploring Virtual Entrepreneurship Phenomenon in Blockchain-Enabled Cryptomarkets and Metaverses, 2019–2022, #P0030036.
Research Keywords
- Enabler
- Entrepreneurship
- NFT
- Non-fungible token
- Virtual
Policy Impact
- Cited in Policy Documents
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