NFTs: An Overhyped Gimmick or a Promising Technology of the 21st Century

Savelii Lukash, Nonna Shapovalova, Andrii Striuk, Andrii Striuk

2022

Abstract

Non-fungible tokens are the rising technology of the 21st century that is generally overlooked and considered to be impractical. This paper aims to analyze the current state of NFT technology, as well as provide reasonable applications for modern problems and ideas for further development and adoption of this technology. Several live and in-development examples of such projects were provided in this article together with their description and reasoning for the advantages of decentralized approach. Readers of this article are encouraged to consider NFTs as a viable tool for traditional as well as yet unsolved problems.

Paper Citation

in Harvard Style

Lukash S., Shapovalova N. and Striuk A. (2022). NFTs: An Overhyped Gimmick or a Promising Technology of the 21st Century. In Proceedings of the 5th Workshop for Young Scientists in Computer Science and Software Engineering - Volume 1: CS&SE@SW; ISBN 978-989-758-653-8, SciTePress, pages 86-92. DOI: 10.5220/0012010100003561

in Bibtex Style

@conference{cs&se@sw22,
author={Savelii Lukash and Nonna Shapovalova and Andrii Striuk},
title={NFTs: An Overhyped Gimmick or a Promising Technology of the 21st Century},
booktitle={Proceedings of the 5th Workshop for Young Scientists in Computer Science and Software Engineering - Volume 1: CS&SE@SW},
year={2022},
pages={86-92},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012010100003561},
isbn={978-989-758-653-8},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 5th Workshop for Young Scientists in Computer Science and Software Engineering - Volume 1: CS&SE@SW
TI - NFTs: An Overhyped Gimmick or a Promising Technology of the 21st Century
SN - 978-989-758-653-8
AU - Lukash S.
AU - Shapovalova N.
AU - Striuk A.
PY - 2022
SP - 86
EP - 92
DO - 10.5220/0012010100003561
PB - SciTePress