INVESTMENT DECISION FACTORS OF NON-FUNGIBLE TOKENS IN THE CZECH REPUBLIC: SURVEY

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F24%3A00012561" target="_blank" >RIV/46747885:24310/24:00012561 - isvavai.cz</a>

Result on the web

<a href="https://acc-ern.tul.cz/archiv/PDF/ACC_2024_2_04.pdf" target="_blank" >https://acc-ern.tul.cz/archiv/PDF/ACC_2024_2_04.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.2478/acc-2024-0007" target="_blank" >10.2478/acc-2024-0007</a>

Result language

angličtina

Original language name

INVESTMENT DECISION FACTORS OF NON-FUNGIBLE TOKENS IN THE CZECH REPUBLIC: SURVEY

Original language description

Non-fungible Tokens (NFTs), represent a revolution in the digital ownership paradigm. NFTs are a kind of digital asset built on blockchain technology, most commonly the Ethereum blockchain, that validate the uniqueness and ownership of a unique digital item in question. Each NFT carries specific information or attributes that make it original and non-fungible. Unlike cryptocurrencies like Bitcoin or Ethereum, which are identical to each other, nonfungible tokens cannot be exchanged on a like-for-like basis making them non-fungible. NFTs are traded for cryptocurrencies via online trading platforms. Investment in NFTs can present a risky situation due to the large volatility of the assets in a quite short time. This article focuses on identification of key aspects that influence decision making process of potential investors who are considering buying non-fungible tokens as an investment tool in the Czech Republic. From the point of view of investment decision-making, the primary factors appear to be the expected income from the investment, its payback period, and the risk that the investor undertakes. It has been proven that there is a degree of dependence between gender and the mentioned decision-making factors. The research showed that men are more inclined to make decisions based on expected returns, while women are more likely to make decisions based on perceived risk.

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50206 - Finance

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

ACC Journal

ISSN

1803-9782

e-ISSN

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Volume of the periodical

30(2)

Issue of the periodical within the volume

Issue B

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

13

Pages from-to

63-75

UT code for WoS article

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EID of the result in the Scopus database

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