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Money, possessions, and ownership in the Metaverse: NFTs, cryptocurrencies, Web3 and Wild Markets
Journal of Business Research ( IF 10.5 ) Pub Date : 2022-08-27 , DOI: 10.1016/j.jbusres.2022.08.031
Russell Belk , Mariam Humayun , Myriam Brouard

Our understandings of money, possessions, and ownership are all changing dramatically as consumption becomes digital and virtual. The Metaverse is an imagined future space where these building blocks of neoliberal production and consumption are delinked. We examine these changes through the affordances of cryptocurrencies, algorithmic collectibles, and NFTs. We seek to disambiguate these efforts at disintermediation through online auctions and speculation. We present practical implications for artists, art institutions, buyers, and investors. We theorize new forms of ownership with fractional ownership and fractionalized property rights. And we seek to understand why some consumers pay astronomical prices for digital art that includes simple and often silly artwork with limited property rights. To do so we distinguish alternate, but sometimes overlapping, buyer motivations in the wild world of crypto art as we purportedly move toward the Metaverse.



中文翻译:

Metaverse 中的金钱、财产和所有权:NFT、加密货币、Web3 和 Wild Markets

随着消费变得数字化和虚拟化,我们对金钱、财产和所有权的理解都发生了巨大变化。元界是一个想象中的未来空间,新自由主义生产和消费的这些基石在其中脱节。我们通过加密货币、算法收藏品和 NFT 的可供性来检验这些变化。我们试图通过在线拍卖和投机来消除这些去中介化的努力。我们为艺术家、艺术机构、买家和投资者提供实际意义。我们通过部分所有权和部分产权理论化了新的所有权形式。我们试图了解为什么一些消费者为数字艺术支付天价,其中包括简单且通常是愚蠢的、产权有限的艺术品。为此,我们区分备用,

更新日期:2022-08-27
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