Abstract
Abstract: This study examines the risk and return characteristics of the NFT-based startups listed on the cryptocurrency exchange. Our investigation is motivated by the recent surge in the NFT activity on the part of creators, investors, and traders. We begin by proposing novel classification ofthe existing NFTs that range from NFT blockchains through NFT metaverse to NFT DeFi. Next, we establishthat NFTs: 1) earn 130% on the first-listing-day; 2) yield an average investment multiple of 40 (roughly 4,000%) over long-term, which is four times higher than bitcoin during the same period; 3) deliver positive and significantalpha and exhibit above-average beta. We also show thatthe NFT segment of the cryptocurrency market leads market recovery following the mid-2021 crash and generate a return of close to 350%.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal for Research in Applied Science and Engineering Technology
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
