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This book focuses on the relevance of non-fungible token-based
products in the current hyper-digitalized and hyper-connected
world. Connecting the new NFTs' technologies with academic
literature on marketing, the authors highlight future research
streams as well as strategies and factors that marketers and
managers can use to promote this new type of product. Starting with
an overview of the nature and increasing importance of NFTs in
marketing, the authors extensively examine the blockchain
technology that underlies this new innovation along with its
applications. Specifically, by reviewing the existing literature on
NFTs, the authors explain the emerging topics and business
opportunities offered by NFTs for intellectual property protection,
development of new lifestyles, and forms of entertainment. The
second part of the book investigates NFTs in three different
contexts: art, music, and fashion. By exploring the key behavioral
variables that underlie consumers' intentions to purchase NFT-based
products (i.e., materialism, status consumption orientation,
innovativeness), the authors discuss the various implications for
advertising and marketing strategies in such industries. Offering a
state-of-the-art look at this new technology, this book presents a
guide for scholars and anyone looking for an understanding of NFTs
and the opportunities they present. With a preface by Russell Belk.
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