Abstract
The recent Blockchain technology for recording and storing data opened a cultural scenario which prefigures unexplored frontiers. It is precisely in this frontier territory that a revolution in the digital art sector has come to life, represented by the introduction and dissemination of non-fungible tokens (NFTs) as certificates of ownership/authorship of a digital work. NFTs redefine the concepts of artwork ownership/authorship, authenticity and value. Supported by the Blockchain structure, which is in fact permanent and unchangeable, these certificates are inviolable, unassailable and indestructible, offering a type of guarantee never experienced before. As any new technologies, there are challenges that users face: 1) avoiding fraud (i.e. digital artworks that are not original, but mere copies of the original) 2) estimating the real value of a NFT connected to a digital artwork. The paper proposes a predictive tool, NFT price Oracle, as a solution for the Blockchain users that want to be sure they are purchasing an authentic digital artwork and wish to understand the value of the artwork (and thus how much to pay for the NFT associated with the artwork) in the Blockchain.
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Pierro, G.A., Sawaf, M., Tonelli, R. (2022). Original or Fake? How to Understand the Digital Artworks’ Value in the Blockchain. In: Cerone, A., et al. Software Engineering and Formal Methods. SEFM 2021 Collocated Workshops. SEFM 2021. Lecture Notes in Computer Science, vol 13230. Springer, Cham. https://doi.org/10.1007/978-3-031-12429-7_6
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