Crypto-marketing: how non-fungible tokens (NFTs) challenge traditional marketing

Author:

Hofstetter RetoORCID,de Bellis Emanuel,Brandes Leif,Clegg Melanie,Lamberton Cait,Reibstein David,Rohlfsen Felicia,Schmitt Bernd,Zhang John Z.

Abstract

Abstract In this article, we argue that non-fungible tokens (NFTs) challenge established marketing understanding of digital ownership, uniqueness, and value; authenticity, status, and sharing; and branding and distribution. We propose a set of preliminary research questions rooted in these areas, in hopes of offering entry points to future programmatic investigation of the broader field of “crypto-marketing.” This emerging subdiscipline offers opportunities to expand our understanding of consumer behavior, pricing, and product design and may be crucial in predicting the future of our discipline as NFTs further evolve.

Funder

University of Luzern

Publisher

Springer Science and Business Media LLC

Subject

Marketing,Economics and Econometrics,Business and International Management

Reference14 articles.

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3. Brandom, R. (2022). How one company took over the NFT trade, The Verge, https://www.theverge.com/2022/2/2/22914081/open-sea-nft-marketplace-web3-fundraising-finzer-a16z. Accessed 1 March 2022.

4. Canny, W. (2022) Jefferies sees the NFT market reaching more than $80B in value by 2025, CoinDesk, https://www.coindesk.com/business/2022/01/20/jefferies-sees-the-nft-market-reaching-more-than-80-billion-in-value-by-2025/. Accessed 1 March 2022.

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