Research Article
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Year 2023, Volume: 16 Issue: 1, 73 - 78, 01.02.2023
https://doi.org/10.17261/Pressacademia.2023.1667

Abstract

References

  • Allen, F., Gu, X., & Jagtiani, J. (2022). Fintech, cryptocurrencies, and CBDC: financial structural. Journal of International Money and Finance, 124, 102625.
  • coinmarketcap.com. (2022). Global Cryptocurrency Market Charts. Retrieved 12 4, 2022, from coinmarketcap.com: https://coinmarketcap.com/charts/
  • etherium.org. (2022). Non-fungible tokens (NFT). Retrieved 12 3, 2012, from etherium.org: https://ethereum.org/en/nft/
  • https://wessexfairchild.com. (2022). Retrieved 12 4, 2022, from https://wessexfairchild.com: https://wessexfairchild.com/commentary/what-are-the-legal-issues-around-nfts/
  • Hui, W. (2022). Overview of cryptocurrencies. Journal of Global Economics, 10(2), 398-412.
  • Popescu, A. D. (2021). Non-Fungible Tokens (NFT)–Innovation beyond the craze. 5th International Conference on Innovation in Business, Economics and Marketing Research (IBEM-2021).
  • Rejeb, A., Rejeb, K., & Keogh, J. G. (2021). Cryptocurrencies in modern finance: a literature review. Etikonomi, 20(1), 93-118.
  • Sebastião, H., da Cunha, P. R., & Godinho, P. (2021). Cryptocurrencies and blockchain. Overview and future perspectives. International Journal of Economics and Business Research, 21(3), 305-342.
  • Wilson, K. B., Karg, A., & Ghaderi, H. (2022). Prospecting non-fungible tokens in the digital economy: Stakeholders and ecosystem, risk and opportunity. Business Horizons, 65, 657-670.
  • www.marketsandmarkets.com. (2022, 12 4). Retrieved 12 4, 2022, from www.marketsandmarkets.com: https://www.marketsandmarkets.com/Market-Reports/non-fungible-tokens-market-254783418.html
  • Zetzsche, D. A., Arner, D. W., & Buckley, R. P. (2020). Decentralized finance. Journal of Financial Regulation, 6, 172-203.

AN OVERVIEW ON KEY DIGITAL ASSETS OF DECENTRALIZED FINANCE: CRYPTOCURRENCY AND NFT

Year 2023, Volume: 16 Issue: 1, 73 - 78, 01.02.2023
https://doi.org/10.17261/Pressacademia.2023.1667

Abstract

Purpose – The emergence of blockchain and decentralized financial technology have been reshaping various aspects of economies, opening a wider spectrum for research communities. In finance, Blockchain has provided effective applications such as tokens, initial coin offerings, crowdfunding, smart contracts, prediction market systems, and digital currencies such as Bitcoin and Ethereum. This article aims to provide a brief overview of these two types of digital assets (cryptocurrency and NFT) and their potential. It gives brief information about these and on the other hand, tries to convey the prominent concerns of the financial markets.
Methodology - This study reviews digital assets through the literature.
Findings - The growing popularity and prevalence of digital assets such as cryptocurrencies and non-fungible tokens reveals that existing financial ecosystems are in many cases unable to respond to citizens' needs and concerns. The capabilities of digital assets in financial markets are increasing day by day and they are entering the game from simple to complex financial transactions. Cryptocurrencies stand out especially with their ability to handle more efficient online transactions, lower costs and simplified payment processes.
Conclusion – Cryptocurrencies meet an increased level of efficiency in commerce and value exchange over the Internet. Non-fungible tokens, on the other hand, stand out with their ability to acquire a presence in the digital world, to be unique, and to be easily transferred. In particular, the financial indicators cited in this article give the impression that the interest in decentralized finance technologies will continue to increase, based on the potential of these two digital assets.

References

  • Allen, F., Gu, X., & Jagtiani, J. (2022). Fintech, cryptocurrencies, and CBDC: financial structural. Journal of International Money and Finance, 124, 102625.
  • coinmarketcap.com. (2022). Global Cryptocurrency Market Charts. Retrieved 12 4, 2022, from coinmarketcap.com: https://coinmarketcap.com/charts/
  • etherium.org. (2022). Non-fungible tokens (NFT). Retrieved 12 3, 2012, from etherium.org: https://ethereum.org/en/nft/
  • https://wessexfairchild.com. (2022). Retrieved 12 4, 2022, from https://wessexfairchild.com: https://wessexfairchild.com/commentary/what-are-the-legal-issues-around-nfts/
  • Hui, W. (2022). Overview of cryptocurrencies. Journal of Global Economics, 10(2), 398-412.
  • Popescu, A. D. (2021). Non-Fungible Tokens (NFT)–Innovation beyond the craze. 5th International Conference on Innovation in Business, Economics and Marketing Research (IBEM-2021).
  • Rejeb, A., Rejeb, K., & Keogh, J. G. (2021). Cryptocurrencies in modern finance: a literature review. Etikonomi, 20(1), 93-118.
  • Sebastião, H., da Cunha, P. R., & Godinho, P. (2021). Cryptocurrencies and blockchain. Overview and future perspectives. International Journal of Economics and Business Research, 21(3), 305-342.
  • Wilson, K. B., Karg, A., & Ghaderi, H. (2022). Prospecting non-fungible tokens in the digital economy: Stakeholders and ecosystem, risk and opportunity. Business Horizons, 65, 657-670.
  • www.marketsandmarkets.com. (2022, 12 4). Retrieved 12 4, 2022, from www.marketsandmarkets.com: https://www.marketsandmarkets.com/Market-Reports/non-fungible-tokens-market-254783418.html
  • Zetzsche, D. A., Arner, D. W., & Buckley, R. P. (2020). Decentralized finance. Journal of Financial Regulation, 6, 172-203.
There are 11 citations in total.

Details

Primary Language English
Subjects Finance, Business Administration
Journal Section Articles
Authors

Kagan Okatan This is me 0000-0002-0517-665X

Publication Date February 1, 2023
Published in Issue Year 2023 Volume: 16 Issue: 1

Cite

APA Okatan, K. (2023). AN OVERVIEW ON KEY DIGITAL ASSETS OF DECENTRALIZED FINANCE: CRYPTOCURRENCY AND NFT. PressAcademia Procedia, 16(1), 73-78. https://doi.org/10.17261/Pressacademia.2023.1667
AMA Okatan K. AN OVERVIEW ON KEY DIGITAL ASSETS OF DECENTRALIZED FINANCE: CRYPTOCURRENCY AND NFT. PAP. February 2023;16(1):73-78. doi:10.17261/Pressacademia.2023.1667
Chicago Okatan, Kagan. “AN OVERVIEW ON KEY DIGITAL ASSETS OF DECENTRALIZED FINANCE: CRYPTOCURRENCY AND NFT”. PressAcademia Procedia 16, no. 1 (February 2023): 73-78. https://doi.org/10.17261/Pressacademia.2023.1667.
EndNote Okatan K (February 1, 2023) AN OVERVIEW ON KEY DIGITAL ASSETS OF DECENTRALIZED FINANCE: CRYPTOCURRENCY AND NFT. PressAcademia Procedia 16 1 73–78.
IEEE K. Okatan, “AN OVERVIEW ON KEY DIGITAL ASSETS OF DECENTRALIZED FINANCE: CRYPTOCURRENCY AND NFT”, PAP, vol. 16, no. 1, pp. 73–78, 2023, doi: 10.17261/Pressacademia.2023.1667.
ISNAD Okatan, Kagan. “AN OVERVIEW ON KEY DIGITAL ASSETS OF DECENTRALIZED FINANCE: CRYPTOCURRENCY AND NFT”. PressAcademia Procedia 16/1 (February 2023), 73-78. https://doi.org/10.17261/Pressacademia.2023.1667.
JAMA Okatan K. AN OVERVIEW ON KEY DIGITAL ASSETS OF DECENTRALIZED FINANCE: CRYPTOCURRENCY AND NFT. PAP. 2023;16:73–78.
MLA Okatan, Kagan. “AN OVERVIEW ON KEY DIGITAL ASSETS OF DECENTRALIZED FINANCE: CRYPTOCURRENCY AND NFT”. PressAcademia Procedia, vol. 16, no. 1, 2023, pp. 73-78, doi:10.17261/Pressacademia.2023.1667.
Vancouver Okatan K. AN OVERVIEW ON KEY DIGITAL ASSETS OF DECENTRALIZED FINANCE: CRYPTOCURRENCY AND NFT. PAP. 2023;16(1):73-8.

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