We Are Launching our Own NFT! Characterizing Fashion NFT Transactions-Preliminary Results

Research output: Contribution in Book/Catalog/Report/Conference proceedingConference contribution

Abstract

Blockchain technology and Non Fungible Tokens (NFTs) have been a hot topic for several years now, as proven by the multitude of brands launching their own NFT projects. In this paper, we will consider some popular fashion NFT collections, namely: Adidas Originals Into the Metaverse, AMBUSH OFFI-CIAL POW! REBOOT, Azuki x AMBUSH IKZ, CULT & RAIN-The Genesis Collection, Dolce& Gabbana: DGFamily, Dolce& Gabbana: DGFamily Glass Box, Chito x Givenchy NFT, MUGLER-We Are All Angel, RTFKT x Nike Dunk Genesis CRYPTOKICK, Prada Timecapsule. First, we will analyze and examine if we can find salient characteristics of transactions pertaining to these collections. Second, we will attempt to propose a first taxonomy of fashion NFT transactions. From the results, we can state that most transactions occur at the NFT launch and that they belong to the Memberships category. Secondly, the results show that we can propose a taxonomy of four transaction groups or clusters. The findings can have practical implications for both researchers and practitioners, indeed the results: (i) can be a stepping stone for future research on (fashion) NFTs, (ii) can help practitioners analyze transactions using our preliminary taxonomy.

Original languageEnglish
Title of host publication5th Conference on Blockchain Research and Applications for Innovative Networks and Services, BRAINS 2023
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9798350317824
DOIs
Publication statusPublished - 2023
Event5th Conference on Blockchain Research and Applications for Innovative Networks and Services, BRAINS 2023 - Paris, France
Duration: 11 Oct 202313 Oct 2023

Publication series

Name5th Conference on Blockchain Research and Applications for Innovative Networks and Services, BRAINS 2023

Conference

Conference5th Conference on Blockchain Research and Applications for Innovative Networks and Services, BRAINS 2023
Country/TerritoryFrance
CityParis
Period11/10/2313/10/23

Keywords

  • Address Classification
  • Blockchain
  • Data Analytics
  • Fashion
  • Non Fungible Token

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