Research Article

FACTORS EFFECTING PURCHASE INTENTION IN BLOCKCHAIN AND NFT (NON-FUNGIBLE TOKEN) TECHNOLOGIES

Volume: 7 Number: 2 December 26, 2022
EN TR

FACTORS EFFECTING PURCHASE INTENTION IN BLOCKCHAIN AND NFT (NON-FUNGIBLE TOKEN) TECHNOLOGIES

Abstract

Digitalization began to find a place in every industry faster than expected with COVID-19. Although terms such as Blockchain, NFT, Web 3.0, and Metaverse, which entered our lives with digitalization, are still very new, they will create a paradigm shift from standard business models. Blockchain technologies, especially NFTs, are creating a new opportunity for brands and creative industries as the frontrunner of digitalization with the innovative approach that is driven by scarcity, a new medium to connect with fans, and decentralized distribution power. This paper aims examine the effects of perceived value -with its predecessors scarcity, ownership & uniqueness- and trust in blockchain on the purchase intention of NFTs, considering the technology adoption. In this regard, data was collected via questionnaire from NFT owners with different nations in Discord channels using convenience sampling technique. SEM was performed as statistical analysis, and the results indicated technology adoption is a significant variable on trust in blockchain, which has a direct effect on purchase intention. On the hand, even though scarcity and ownership were positively associated with perceived value, this construct had no statistically significant effect on purchase intention.

Keywords

References

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Details

Primary Language

English

Subjects

Business Administration

Journal Section

Research Article

Publication Date

December 26, 2022

Submission Date

September 20, 2022

Acceptance Date

November 2, 2022

Published in Issue

Year 2022 Volume: 7 Number: 2

APA
Kılıçaslan, F., & Ekizler, H. (2022). FACTORS EFFECTING PURCHASE INTENTION IN BLOCKCHAIN AND NFT (NON-FUNGIBLE TOKEN) TECHNOLOGIES. Journal of Research in Business, 7(2), 604-623. https://doi.org/10.54452/jrb.1177600
AMA
1.Kılıçaslan F, Ekizler H. FACTORS EFFECTING PURCHASE INTENTION IN BLOCKCHAIN AND NFT (NON-FUNGIBLE TOKEN) TECHNOLOGIES. JRB. 2022;7(2):604-623. doi:10.54452/jrb.1177600
Chicago
Kılıçaslan, Furkan, and Hüseyin Ekizler. 2022. “FACTORS EFFECTING PURCHASE INTENTION IN BLOCKCHAIN AND NFT (NON-FUNGIBLE TOKEN) TECHNOLOGIES”. Journal of Research in Business 7 (2): 604-23. https://doi.org/10.54452/jrb.1177600.
EndNote
Kılıçaslan F, Ekizler H (December 1, 2022) FACTORS EFFECTING PURCHASE INTENTION IN BLOCKCHAIN AND NFT (NON-FUNGIBLE TOKEN) TECHNOLOGIES. Journal of Research in Business 7 2 604–623.
IEEE
[1]F. Kılıçaslan and H. Ekizler, “FACTORS EFFECTING PURCHASE INTENTION IN BLOCKCHAIN AND NFT (NON-FUNGIBLE TOKEN) TECHNOLOGIES”, JRB, vol. 7, no. 2, pp. 604–623, Dec. 2022, doi: 10.54452/jrb.1177600.
ISNAD
Kılıçaslan, Furkan - Ekizler, Hüseyin. “FACTORS EFFECTING PURCHASE INTENTION IN BLOCKCHAIN AND NFT (NON-FUNGIBLE TOKEN) TECHNOLOGIES”. Journal of Research in Business 7/2 (December 1, 2022): 604-623. https://doi.org/10.54452/jrb.1177600.
JAMA
1.Kılıçaslan F, Ekizler H. FACTORS EFFECTING PURCHASE INTENTION IN BLOCKCHAIN AND NFT (NON-FUNGIBLE TOKEN) TECHNOLOGIES. JRB. 2022;7:604–623.
MLA
Kılıçaslan, Furkan, and Hüseyin Ekizler. “FACTORS EFFECTING PURCHASE INTENTION IN BLOCKCHAIN AND NFT (NON-FUNGIBLE TOKEN) TECHNOLOGIES”. Journal of Research in Business, vol. 7, no. 2, Dec. 2022, pp. 604-23, doi:10.54452/jrb.1177600.
Vancouver
1.Furkan Kılıçaslan, Hüseyin Ekizler. FACTORS EFFECTING PURCHASE INTENTION IN BLOCKCHAIN AND NFT (NON-FUNGIBLE TOKEN) TECHNOLOGIES. JRB. 2022 Dec. 1;7(2):604-23. doi:10.54452/jrb.1177600

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