On the Scrutinization of the NFT Valuation Factors

Aiden Cheung; Jacky Keung

doi:10.1109/APSEC57359.2022.00082

On the Scrutinization of the NFT Valuation Factors

^*Corresponding author for this work

Department of Computer Science

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review

4 Citations (Scopus)

Abstract

Supporting Non-Fungible Token (NFT) Software Development enables the creation and sale of blockchain-based NFTs backed by unique digital or physical assets. Its value classification is important to justify investment in software development. This study surveys the rapid increase in NFT popularity and proposes a methodology to assess the valuation of an NFT and be able to predict the ultimate success of an NFT. The main influential factors identified in the study are the community and scarcity, our result confirms these two main factors that can affect an NFT's valuation, and this poster paper will look in depth at the correlation between the factors and the value of the NFT and provides the future direction of research. © 2022 IEEE.

Original language	English
Title of host publication	Proceedings - 2022 29th Asia-Pacific Software Engineering Conference
Subtitle of host publication	APSEC 2022
Publisher	IEEE
Pages	564-565
ISBN (Electronic)	9781665455374
ISBN (Print)	978-1-6654-5538-1
DOIs	https://doi.org/10.1109/APSEC57359.2022.00082
Publication status	Published - Dec 2022
Event	29th Asia-Pacific Software Engineering Conference (APSEC 2022) - Virtual, Japan Duration: 6 Dec 2022 → 9 Dec 2022

Publication series

Name	Proceedings - Asia-Pacific Software Engineering Conference, APSEC
ISSN (Print)	1530-1362
ISSN (Electronic)	2640-0715

Conference

Conference	29th Asia-Pacific Software Engineering Conference (APSEC 2022)
Country/Territory	Japan
Period	6/12/22 → 9/12/22

Funding

This work is supported in part by the General Research Fund of the Research Grants Council of Hong Kong (No. 11208017) and the research funds of City University of Hong Kong (No. 7005028 and 7005217), and the Research Support Fund by Intel (No. 9220097), and funding supports from other industry research partners.

Research Keywords

Blockchain Software
Cryptocurrency
Digital Asset
NFT Valuation

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10.1109/APSEC57359.2022.00082

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Cite this

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title = "On the Scrutinization of the NFT Valuation Factors",

abstract = "Supporting Non-Fungible Token (NFT) Software Development enables the creation and sale of blockchain-based NFTs backed by unique digital or physical assets. Its value classification is important to justify investment in software development. This study surveys the rapid increase in NFT popularity and proposes a methodology to assess the valuation of an NFT and be able to predict the ultimate success of an NFT. The main influential factors identified in the study are the community and scarcity, our result confirms these two main factors that can affect an NFT's valuation, and this poster paper will look in depth at the correlation between the factors and the value of the NFT and provides the future direction of research. {\textcopyright} 2022 IEEE.",

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note = "29th Asia-Pacific Software Engineering Conference (APSEC 2022) ; Conference date: 06-12-2022 Through 09-12-2022",

}

Cheung, A & Keung, J 2022, On the Scrutinization of the NFT Valuation Factors. in Proceedings - 2022 29th Asia-Pacific Software Engineering Conference: APSEC 2022. Proceedings - Asia-Pacific Software Engineering Conference, APSEC, IEEE, pp. 564-565, 29th Asia-Pacific Software Engineering Conference (APSEC 2022), Japan, 6/12/22. https://doi.org/10.1109/APSEC57359.2022.00082

On the Scrutinization of the NFT Valuation Factors. / Cheung, Aiden; Keung, Jacky.
Proceedings - 2022 29th Asia-Pacific Software Engineering Conference: APSEC 2022. IEEE, 2022. p. 564-565 (Proceedings - Asia-Pacific Software Engineering Conference, APSEC).

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review

TY - GEN

T1 - On the Scrutinization of the NFT Valuation Factors

AU - Cheung, Aiden

AU - Keung, Jacky

PY - 2022/12

Y1 - 2022/12

N2 - Supporting Non-Fungible Token (NFT) Software Development enables the creation and sale of blockchain-based NFTs backed by unique digital or physical assets. Its value classification is important to justify investment in software development. This study surveys the rapid increase in NFT popularity and proposes a methodology to assess the valuation of an NFT and be able to predict the ultimate success of an NFT. The main influential factors identified in the study are the community and scarcity, our result confirms these two main factors that can affect an NFT's valuation, and this poster paper will look in depth at the correlation between the factors and the value of the NFT and provides the future direction of research. © 2022 IEEE.

AB - Supporting Non-Fungible Token (NFT) Software Development enables the creation and sale of blockchain-based NFTs backed by unique digital or physical assets. Its value classification is important to justify investment in software development. This study surveys the rapid increase in NFT popularity and proposes a methodology to assess the valuation of an NFT and be able to predict the ultimate success of an NFT. The main influential factors identified in the study are the community and scarcity, our result confirms these two main factors that can affect an NFT's valuation, and this poster paper will look in depth at the correlation between the factors and the value of the NFT and provides the future direction of research. © 2022 IEEE.

KW - Blockchain Software

KW - Cryptocurrency

KW - Digital Asset

KW - NFT Valuation

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U2 - 10.1109/APSEC57359.2022.00082

DO - 10.1109/APSEC57359.2022.00082

M3 - RGC 32 - Refereed conference paper (with host publication)

SN - 978-1-6654-5538-1

T3 - Proceedings - Asia-Pacific Software Engineering Conference, APSEC

SP - 564

EP - 565

BT - Proceedings - 2022 29th Asia-Pacific Software Engineering Conference

PB - IEEE

T2 - 29th Asia-Pacific Software Engineering Conference (APSEC 2022)

Y2 - 6 December 2022 through 9 December 2022

ER -

On the Scrutinization of the NFT Valuation Factors

Abstract

Publication series

Conference

Funding

Research Keywords

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DON: Deep-learning based Software Engineering for Practical Software Analytics

GRF: A Software Analytics Framework using Deep Learning on Generalized Data Representations

Cite this

On the Scrutinization of the NFT Valuation Factors

Abstract

Publication series

Conference

Funding

Research Keywords

Access Output

Other Access Options

Permanent Link

Other Files and Links

Fingerprint

Projects

DON: Deep-learning based Software Engineering for Practical Software Analytics

GRF: A Software Analytics Framework using Deep Learning on Generalized Data Representations

Cite this