Exploring the Digital Uniqueness of NFTs – Games, Art, and Identity
In this chapter, we will explore non-fungible tokens (NFTs) and their various economic use cases. We will begin by understanding what an NFT is, how the relevant information is logged in transaction data, and the alternatives to obtaining it. Additionally, we will analyze how this technology is being leveraged by the gaming, art, and identity industries and explore some of the metrics that hold relevance for each business.
Business initiatives are carried out by a set of smart contracts that we will refer to as “protocols.” We will delve into the fundamental protocol metrics, offering quick insights into each protocol’s structure and user composition. To do that, we can choose to use a data framework, which is a highly valuable tool for business analysts as it helps organize our analyses and craft a compelling narrative when presenting our findings. An example of such a structure is the...
