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ABSTRACT. We draw on a substantial body of theoretical and empirical research on non-fungible token (NFT) markets. With increasing evidence of decentralized finance, blockchain technology, and digital assets, there is an essential demand for comprehending whether blockchain technologies can affect the buying, selling, and distribution of creative digital products. In this research, prior findings were cumulated indicating that smart contracts enable a certain cryptocurrency or asset to be transmitted swiftly. We carried out a quantitative literature review of ProQuest, Scopus, and the Web of Science throughout February 2022, with search terms including “non-fungible tokens” + “decentralized finance,” “blockchain technology,” and “digital assets.” As we analyzed research published in 2021 and 2022, only 138 papers met the eligibility criteria. By removing controversial or unclear findings (scanty/unimportant data), results unsupported by replication, undetailed content, or papers having quite similar titles, we decided on 18, chiefly empirical, sources. Data visualization tools: Dimensions (bibliometric mapping) and VOSviewer (layout algorithms). Reporting quality assessment tool: PRISMA. Methodological quality assessment tools include: AMSTAR, Distiller SR, ROBIS, and SRDR.

Keywords: non-fungible token; blockchain; decentralized finance; digital asset

How to cite: Popescu, G. H., Poliak, M., Manole, C., and Dumitrescu, C.-O. (2022). “Decentralized Finance, Blockchain Technology, and Digital Assets in Non-Fungible Token (NFT) Markets,” Smart Governance 1(1): 64–78. doi: 10.22381/sg1120225.

Received 28 February 2022 • Received in revised form 26 April 2022
Accepted 28 April 2022 • Available online 30 May 2022

1Dimitrie Cantemir Christian University, Bucharest, Romania, This email address is being protected from spambots. You need JavaScript enabled to view it.. (corresponding author)
2Faculty of Operation and Economics of Transport and Communications, Department of Economics, University of Zilina, Slovak Republic, This email address is being protected from spambots. You need JavaScript enabled to view it..
3The Bucharest University of Economic Studies, Bucharest, Romania, This email address is being protected from spambots. You need JavaScript enabled to view it..
3The Bucharest University of Economic Studies, Bucharest, Romania, This email address is being protected from spambots. You need JavaScript enabled to view it..

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