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TweetBoost: Influence of Social Media on NFT Valuation

2022; Linguagem: Inglês

10.1145/3487553.3524642

Arnav Kapoor, Dipanwita Guhathakurta, Mehul Mathur, Rupanshu Yadav, Manish Gupta, Ponnurangam Kumaraguru,

Art History and Market Analysis

NFT or Non-Fungible Token is a token that certifies a digital asset to be unique. A wide range of assets including, digital art, music, tweets, memes, are being sold as NFTs. NFT-related content has been widely shared on social media sites such as Twitter. We aim to understand the dominant factors that influence NFT asset valuation. Towards this objective, we create a first-of-its-kind dataset linking Twitter and OpenSea (the largest NFT marketplace) to capture social media profiles and linked NFT assets. Our dataset contains 245,159 tweets posted by 17,155 unique users, directly linking 62,997 NFT assets on OpenSea worth 19 Million USD. We have made the dataset publicly available.1