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Our Working Paper on NFT Makes SSRN Top Ten List
Our working paper, "HERDING IN THE NON-FUNGIBLE TOKEN (NFT) MARKET", which is under ACE-NTU research project, was recently listed on SSRN's Top Ten download list for: CompSciRN: Computational (Topic) and Computation Theory eJournal.
As of 15 December 2022, this paper has been downloaded 137 times.
Herding in the Non-fungible Token (NFT) Market
27 Pages Posted: 6 Dec 2022
Nanyang Technological University (NTU) - Division of Economics
Nanyang Technological University (NTU)
Nanyang Technological University (NTU)
Date Written: November 23, 2022
Abstract
In this study, we empirically examine the existence and dynamics of herding in the burgeoning market of non-fungible tokens (NFT). We find supportive evidence of the existence of herding in this market, the dynamics of which appears to be event-driven. A large inflow of newcomers or inexperienced investors can serve as a trigger of herding. Meanwhile, unlike in traditional asset markets, herding in NFT markets does not appear to happen across submarkets.
Keywords: Non-Fungible Tokens, NFT; Fintech; Ethereum; Blockchain; Herding
JEL Classification: G10, G40
Suggested Citation: Bao, Te and Ma, Mengzhong and Wen, Yonggang, Herding in the Non-fungible Token (NFT) Market (November 23, 2022). Available at SSRN: https://ssrn.com/abstract=4285007 or http://dx.doi.org/10.2139/ssrn.4285007
