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The impact of NFT technology on the digital art and design market

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dc.contributor.advisor HTYRSAI, Sofiia
dc.contributor.author HTYRSAI, Sofiia
dc.contributor.author SLITYUK, Olena
dc.date.accessioned 2024-10-28T09:21:12Z
dc.date.available 2024-10-28T09:21:12Z
dc.date.issued 2024
dc.identifier.citation HTYRSAI, Sofiia and Olena SLITYUK. The impact of NFT technology on the digital art and design market. In: Conferinţa tehnico-ştiinţifică a studenţilor, masteranzilor şi doctoranzilor = Technical Scientific Conference of Undergraduate, Master and PhD Students, Universitatea Tehnică a Moldovei, 27-29 martie 2024. Chișinău, 2024, vol. 4, pp. 2159-2162. ISBN 978-9975-64-458-7, ISBN 978-9975-64-462-4 (Vol. 4). en_US
dc.identifier.isbn 978-9975-64-458-7
dc.identifier.isbn 978-9975-64-462-4
dc.identifier.uri http://repository.utm.md/handle/5014/28361
dc.description.abstract The technology of non-fungible tokens (NFTs) is revolutionizing the digital art market, creating new opportunities for artists and collectors. Its impact lies in increasing accessibility and ownership of art, as well as establishing new standards for the "artist-consumer" interaction. However, new challenges arise, such as competition and copyright issues. Research suggests strategies for supporting and developing digital art, while also highlighting the need to increase user awareness of risks and ethical aspects. The positive impact of NFTs is evident in the growth of sales volumes, but there is a need to improve security and legal norms. The issue of blockchain energy efficiency, not NFTs, requires urgent resolution, including a transition to more environmentally friendly alternatives. Additionally, the article addresses ecological issues associated with crypto mining and proposes alternative solutions aimed at reducing environmental impact. en_US
dc.language.iso en en_US
dc.publisher Universitatea Tehnică a Moldovei en_US
dc.relation.ispartofseries Conferinţa tehnico-ştiinţifică a studenţilor, masteranzilor şi doctoranzilor = Technical Scientific Conference of Undergraduate, Master and PhD Students: Chişinău, 27-29 martie 2024. Vol. 4;
dc.rights Attribution-NonCommercial-NoDerivs 3.0 United States *
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/us/ *
dc.subject blockchain en_US
dc.subject copyright en_US
dc.subject digital art en_US
dc.title The impact of NFT technology on the digital art and design market en_US
dc.type Article en_US


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