Abstract

The goal of this study is to examine the problems with the current trading status of NFT art, and to recognize and propose solutions to the problems of purchasing and investing in NFT art. The results of the study are as follows First, the NFT market has problems such as authentication vulnerabilities, private key theft, data forgery, and copyright theft, making it difficult to protect buyers and resolve copyright disputes despite the security and transparency of the blockchain. Second, the survey results showed that respondents pointed out difficulties in using and learning about NFTs, emphasized the need for guidelines on dispute resolution and trustworthiness, and concluded that legal and institutional improvements and social awareness are needed. Third, based on the survey results, suggestions were made for improving the awareness and dispute resolution functions of NFT art purchase/investment platforms. The data from this study can be helpful for the legal/institutional aspects of the NFT art market and the design and development of web/app NFT platforms.

Full Text
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