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From speculative sentimentality to utility: Reimagining the valuation of NFTs in a metaverse-linked future
Introduction On the 28th of October 2021 a pixelated digital artwork of a cartoonish character called “Cryptopunk 9998” was reported to have been sold on Ethereum blockchain as a Non-fungible Token (NFT) for 124,457 Ether — valued at more than half a billion US Dollars at the time of execution of the transaction.[1] On the […]