Fungible valuation. 0 International License.

Fungible valuation 6. The emergence of non-fungible tokens (NFTs) has created a new market with significant implications for stakeholders, particularly in industries such as art, fashion, gaming, and real-world assets, leading to challenges in finance, financial pricing, financial management, risk management, and cryptocurrency issues. Fungible has acquired Cloudistics on Sep 24, 2020. This raises fascinating questions about “value” and “scarcity” with respect to blockchain technology, through a prism of non-fungibility of a digital The value of Fungible Tokens is determined by market demand and supply, with each unit being identical and holding the same value (e. March 2022; Authors: Cecilia Maria Celestina Trevisi. 3390/jrfm16110465. November Private Market Update. Scribd is the world's largest social reading and publishing site. We summarize and compare the NON-FUNGIBLE TOKENS VALUATION AND ACCOUNTING UNDER IFRS: CHALLENGES AND ARTIFICIAL INTELLIGENCE IMPLICATIONS Mfon Akpan *, Henry Ugochukwu Ukwu ** * Corresponding author, Department of Accounting, Methodist University, Fayetteville, USA Contact details: Department of Accounting, Methodist University, 5400 Ramsey St. An NFT is nonfungible in the sense that it has a unique identity with distinct qualities and is not interchangeable with another NFT on a one-to-one basis. The University of Auckland Business School Research Paper Series. (2023). What is Fungible’s current revenue? The current revenue for Fungible is . This type of token can be bound with virtual/digital properties as their unique identifications. , Fayetteville, NC NFTs, or non-fungible tokens, have become an integral highlight in the world of cryptocurrencies, blockchain, and web3. This valuation paragraph synthetically reproposes paragraph 3. NFTs derive value from their uniqueness and scarcity, while fungible tokens’ value comes from their utility and market demand. Akpan, M. Deal Type Date Amount Raised to Date Post-Val Status Stage; 2. This paper explores the fundamental concepts of blockchain technology, smart contracts, NFTs, and tokenization to lay the groundwork for understanding fractional NFTs, and investigates key ERC standards, including ERC‐20, ERC‐721, and ERC‐1155. Their interchangeable nature ensures Fungibility is the ability of a good or asset to be readily interchanged for another of like kind. Fractional non‐fungible tokens (NFTs) have emerged at the forefront of blockchain innovation, merging Cryptocurrencies, Non-fungible Tokens, and Digital Art Valuation Download book PDF. 24 Pages Posted: 25 Mar 2024 Last revised: 26 Mar 2024. , Fayetteville, NC NON-FUNGIBLE TOKENS VALUATION AND ACCOUNTING UNDER IFRS: CHALLENGES AND ARTIFICIAL INTELLIGENCE IMPLICATIONS Mfon Akpan *, Henry Ugochukwu Ukwu ** * Corresponding author, Department of Accounting, Methodist University, Fayetteville, USA Contact details: Department of Accounting, Methodist University, 5400 Ramsey St. : Blockc hain technology and non-fungible tokens: Reshaping value. They are globally fungible and can be transferred between market participants, allowing value to be delivered anywhere in the world quickly and at low cost. Fractional non‐fungible tokens (NFTs) have emerged at the forefront of blockchain innovation, merging Risk Governance & Control: Financial Markets & Institutions / Volume 13, Issue 3, 2023 8 COMPREHENSIVE ANALYSIS OF NON-FUNGIBLE TOKENS VALUATION FUNGIBLE ASSETS –TOTAL VALUE $2,294,019. S. (-4. Fungibility allows for the efficient exchange of goods and services Non-Fungible Tokens (NFTs) have garnered remarkable investor attention recently, with some NFTs securing selling prices that may have seemed unthinkable for a non-fungible virtual asset. 1 Citations. Fungible goods refer to securities or other items that are equivalent such that, In other words, it is possible to barter products of different or incomparable value. NFTs signify a fundamental change in our understanding and engagement with digital assets, introducing a fresh phase in blockchain technology defined by distinctive ownership, decentralized marketplaces, and empowered creators. pdf), Text File (. Goods that are fungible are treated as commodities, and markets in commodities are active and liquid because of their fungibility. Non-fungible tokens (NFTs) have received a great deal of media attention and are gaining popularity. This is the first systematic study on the current NFT ecosystems, and provides an overview of state-of-the-art NFT solutions, then provides their technical components, protocols, standards, and desired proprieties. もっと見る The viability of exponentially growing non-fungible token (NFT) market is evaluated by identifying potential value-generating mechanisms that can be rationalized. DPU startup Fungible has been sold to Microsoft for $190 million despite raising more than $300 million in funding since its incorporation in 2015, according to multiple sources. The concept of NFT originally comes from a token standard of Ethereum, aiming to distinguish each token with How Texas Law Applies to the Valuation and Division of Non-Fungible Tokens and Digital Collectibles . Learn more. g. DOI: 10. Commodities, currencies, and stocks Fungible issues play a crucial role in modern finance by standardizing assets and facilitating efficient trading and exchange in global markets. The Importance of Divisibility in Asset Valuation. The concept of NFT originally comes from a token standard of Ethereum, aiming to distinguish each token with distinguishable signs. e. Seed Round: 01-Oct-2021: Completed: Fungible tokens are interchangeable, while NFTs are not. Av ailable at SSRN 3212662 (2018) AbstractFractional non‐fungible tokens (NFTs) have emerged at the forefront of blockchain innovation, merging tokenization, NFTs, and fractional ownership to democratize access to high‐value digital assets. 3. Goods and assets such as cars and houses that aren't interchangeable are non-fungible. How much funding has Fungible raised over time? Fungible has raised $324M. The paper discusses potential solutions Access ’s pre-IPO valuation and other financial details. Microsoft admits it bought Fungible in a Jan 9, 2023 blog, which says: “Today, Microsoft is announcing the acquisition of Fungible Inc. The NFT market can be confusing to outsiders. With NFTs, all marked properties can be freely traded with Non-Fungible Tokens (NFTs) - Free download as PDF File (. 0 International License. Examples of fungible assets include fungible securities (shares, bonds, etc. For example, money is a fungible asset because one dollar bill can be swapped for another of the same denomination, and they have the same value. Why has Microsoft acquired Fungible? Microsoft will be able to use Fungible’s technology and expertise to differentiate its cloud data centre infrastructure, offloading storage and networking traffic from the CPU, said Akpan, Mfon and Ukwu, Henry Ugochukwu, Non-fungible Token Valuation Exposed: US Generally Accepted Accounting Principles Compliance and Artificial Intelligence’s Disruptive Role (December 22, 2023). , packaged products), Non-fungible assets tend to have lower liquidity; selling a piece of art or a vintage car often takes time and the right buyer to recognize its value. While fungible tokens rely on the ERC20 standard, there are two widely used standards for NFTs: ERC 721 for non-fungible tokens and ERC 1155 for semi-fungible ones. Developer of a financial platform designed for non-fungible assets. Available via license: CC BY 4. For example, gold is generally fungible because its value does not depend on any specific form, whether of coins, ingots, or other states. The Fungible assets are foundational in accounting and finance, enabling efficient trading, liquidity, and risk management across global markets. , Fayetteville, NC track ERC-1155 yet, some asset hasn’tbeen considered for this valuation. , a provider of composable infrastructure aimed at non-fungible tokens valuation and accounting under ifrs: challenges and artificial intelligence implications mfon akpan *, henry ugochukwu ukwu ** Fungible assets are the cornerstone of modern economic systems, serving as the bedrock for transactions, investments, and value storage. After identifying the value-generating mechanisms underlying the positive values of NFTs, this study establishes a pricing model for NFTs that follows a continuous-time financial framework. The Non-Fungible Token is more subjectively valued than a Fungible Token because it depends on several factors such as scarcity, uniqueness, and the perceived value of the asset. The market is The Non-Fungible Token (NFT) market is mushrooming in recent years. The paper discusses potential solutions Not so New Kid on the Block: Accounting and Valuation Aspects of Non-Fungible Tokens (Nfts) Journal of Risk and Financial Management, 16(11), 465. Value propositions describe the products and services Fungible creates hardware and software platforms for data centers. Non-fungible tokens have been around since 2014 but Fungible assets refer to goods or financial instruments that are interchangeable with each other, where individual units are essentially indistinguishable in terms of value and function. What is a non-fungible token? Recently, the media has seemed to catch on to the new(ish) invention – NFTs. The emergence of non-fungible tokens (NFTs) has created a new market with significant implications for stakeholders, particularly in From views to value: Analyzing the impact of online engagement on non-fungible tokens market valuations in the Sandbox metaverse. Abstract The emergence of non-fungible tokens (NFTs) has created a new market with significant implications for stakeholders, particularly in industries such as art, fashion, gaming, and real-world assets, leading to challenges in finance, financial pricing, financial management, Non-Fungible Tokens (NFT): business models, legal aspects, and market valuation Cecilia Trevisi, Roberto Moro Visconti, Andrea Cesaretti. Use Cases: The use cases for fungible and non-fungible assets also differ significantly. From the valuation perspective, the NFTs represent a digital asset that An NFT is a data file, stored on a type of digital ledger called a blockchain, which can be sold and traded. Fungible assets are typically used in transactions, savings, and as a measure of value. See all articles by Dulani Jayasuriya Considering value of Fungible F. Money is Introduction to Divisibility and Fungibility. I. Non-fungible tokens (NFTs) represent unique cryptocurrency tokens created on a chain of digital credentials and can be used for distribution, purchase and collection. 2. 1%*) ASSETS IN PORTFOLIO TYPOLOGIES OF TOKENS** 13,218 79 VOLUME **Typologies of Tokens, not volume of projects. Non-fungible items possess unique features that give them distinct values, The face value and coupon rate of each bond are the same, so their actual value is the same. The paper discusses potential solutions valuation* Cecilia Trevisi - Roberto Moro Visconti - Andrea Cesaretti An NFT is a unit of data stored on a digital ledger, called a blockchain, which can be sold and traded. You can swap one Bitcoin for another without losing value, but each NFT is unique and cannot be directly exchanged for another NFT. This concept is fundamental in accounting and finance, especially in understanding the liquidity and tradability of assets. Even the recent episode of Saturday Night Live (SNL) has featured an entertaining segment explaining the nature of NFTs to the rhythmic beat of the Eminem song. thereby reducing the venture’s total value and the equilibrium token price. Commodities, common shares, options, and dollar bills are examples of fungible Fungible has said nothing. Similarly, common commodities like oil, grain, or gold are often Non-fungible items are not substitutable in the same manner. ) with intangible features (as it produces emotions, inspiration, aesthetics, and beauty, etc. [9] The NFT can be associated with a particular asset – digital or physical – such as an image, art, music, or recording of a sports 17 Non-F Anticipazioni Non-Fungible Tokens (NFT): business models, legal aspects, and market valuation Cecilia Trevisi, Roberto Moro Visconti, Andrea Cesaretti We construct a comprehensive dataset on a near universe of non-fungible token (NFT) transactions, create indices for the NFT market and its components, and analyze their properties. , its units are replaceable and all of which have standard characteristics that do exist or are uniformly available therein. The concept of NFT originally comes from a token standard of Ethereum, aiming In conclusion, Non-Fungible Tokens (NFTs) present a paradigm shift in the digital asset landscape, offering unique opportunities and challenges in accounting and valuation. , 1 BTC = 1 BTC). As these assets continue to evolve and permeate various industries, accounting standards and valuation methodologies must adapt to capture their economic substance accurately. The company has not NFT Statistics, Facts & Trends in 2025: All You Need to Know About Non-Fungible Tokens. easy to exchange or. 13 billion from 2025-2029, according to Technavio. Roberto Moro-Visconti 2 ; 1454 Accesses. The company's platform bridges the gap between non-fungible tokens by offering a decentralized marketplace for lending and borrowing crypto loans backed by NFTs, providing users with a suite of tools for blockchain owners, PDF | The Non-Fungible Token (NFT) Chevet, S. The Non-Fungible Token (NFT) market is mushrooming in recent years. NFTs are fledgling, unique, and blockchain-enabled cryptographic digital assets that represent NON-FUNGIBLE TOKENS VALUATION AND ACCOUNTING UNDER IFRS: CHALLENGES AND ARTIFICIAL INTELLIGENCE IMPLICATIONS Mfon Akpan *, Henry Ugochukwu Ukwu ** a final valuation estimate may also be necessary to consult a qualified valuation professional for assistance with valuing intangible assets under IFRS. The current valuation of Fungible is . pdf. ). txt) or read online for free. Key Takeaways Fungibility is the ability of a good or asset to be readily Similarly, one Bitcoin value can be exchanged with other Bitcoin, which makes no difference for holders. The value of such an asset is determined by its uniqueness, rather than its interchangeability. This research paper adopts a quantitative approach to provide a comprehensive analysis of the challenges associated with NFTs, including their impact on the art market, risks related to ownership rights, and proper financial statement treatment. They have gained popularity for different use cases, such as representing in-game collectibles or virtual NON-FUNGIBLE TOKENS VALUATION AND ACCOUNTING UNDER IFRS: CHALLENGES AND ARTIFICIAL INTELLIGENCE IMPLICATIONS Mfon Akpan *, Henry Ugochukwu Ukwu ** * Corresponding author, Department of Accounting, Methodist University, Fayetteville, USA Contact details: Department of Accounting, Methodist University, 5400 Ramsey St. The paper discusses potential solutions NON-FUNGIBLE TOKENS VALUATION AND ACCOUNTING UNDER IFRS: CHALLENGES AND ARTIFICIAL INTELLIGENCE IMPLICATIONS Mfon Akpan *, Henry Ugochukwu Ukwu ** a final valuation estimate may also be necessary to consult a qualified valuation professional for assistance with valuing intangible assets under IFRS. Fungibility and Market Efficiency: The concept of fungibility is closely related to market efficiency. Crypto art is linked to blockchain technology and concerns certified digital artworks. Nonetheless, while the interest in NFTs rapidly boomed, creating unprecedented fervour in traders and creators, the demand for highly representative and up-to-date data to shed light on For example, a painting by a famous artist may be unique and non-fungible. Their interchangeable nature simplifies Fungible goods are items that are interchangeable because they are identical to each other for practical purposes. Non Fungible Labs Valuation & Funding. Roberto Moro-Visconti. Sign up for a free demo to see Fungible's valuations in December 2022 and more. The paper discusses potential solutions Valuation of non-fungible tokens 2024-03-01T10:53:54+02:00. 1 Non-F Abstract An NFT is a unit of data stored on a digital ledger, called a blockchain, which can be sold and traded. chains in creative industries. Norwest Venture Partners and SoftBank Vision Fund are the most recent investors. The NFT can be associated with a particular digital or physical asset 4 See A. Here are some of the rules that have made it possible to adjust the valuation of works: 17 Non-F Anticipazioni Non-Fungible Tokens (NFT): business models, legal aspects, and market valuation Cecilia Trevisi, Roberto Moro Visconti, Andrea Cesaretti Risk Governance & Control: Financial Markets & Institutions / Volume 13, Issue 3, 2023 8 COMPREHENSIVE ANALYSIS OF NON-FUNGIBLE TOKENS VALUATION Abstract. Valuation of non-fungible tokens. Università Cattolica del Sacro Cuore; FUNGIBLE meaning: 1. U. View the new report. We investigate the current state of the NFT markets and highlight the perception and expectations of investors toward these products. The NFT market return is significantly exposed to the Unlike fungible tokens, an NFT is a blockchain-based digital record representing a noninterchangeable digital or physical asset. for valuation of Development Agreement documents in Mumbai city & Sub-urban: 1/11/2014: Desk-15/val/Adj cases/Fungible FSI /circular/822: 12: Valuation in respect of lands purchased/transferred in favour of company/societies for commercial plantation of vegetables/ Horticulture/ Floriculture. Abstract The emergence of non-fungible tokens (NFTs) has created a new market with significant implications for stakeholders, particularly in industries such as art, fashion, gaming, and real-world assets, leading to challenges in finance, financial pricing, financial management, This paper provides a review of the development of the non‐fungible tokens (NFTs) market, with a particular focus on its pricing determinants, its current applications, and its future opportunities. Under Texas family law, with few exceptions, property acquired during the marriage is presumed to be community property unless proven otherwise. Its founders have a track NON-FUNGIBLE TOKENS VALUATION AND ACCOUNTING UNDER IFRS: CHALLENGES AND ARTIFICIAL INTELLIGENCE IMPLICATIONS Mfon Akpan *, Henry Ugochukwu Ukwu ** a final valuation estimate may also be necessary to consult a qualified valuation professional for assistance with valuing intangible assets under IFRS. Risk Governance & Control: Financial Markets & Institutions / Volume 13, Issue 3, 2023 COMPREHENSIVE ANALYSIS OF NON-FUNGIBLE TOKENS VALUATION AND ACCOUNTING UNDER IFRS: CHALLENGES AND ARTIFICIAL INTELLIGENCE IMPLICATIONS Mfon Akpan *, Henry Ugochukwu Ukwu ** * Corresponding author, Department of Accounting, Methodist Non-fungible Technologies General Information Description. 2, with some adaptation to the current case. The paper discusses potential solutions Report with the AI impact on market trends - The global non-fungible token (NFT) market size is estimated to grow by USD 84. Non-fungible token valuation exposed: US Generally Accepted Accounting Principles Compliance and artificial This work is licensed under a Creative Commons Attribution 4. In this article, we’ll explore what fungibility means, its importance in trade, the distinction between fungible and non-fungible assets, and how it affects the global economy. The company's mission is a chip responsible for data movement. This includes digital assets such as non-fungible tokens, which are digital assets stored on a Following the feedback on the first assessment, we completely overhauled the valuation model for artworks and independent artists, with the help of MoCDA's art market experts. Non-Fungible Tokens (NFT): business models, legal aspects, and market valuation. The paper discusses potential solutions for valuing and accounting for non-fungible tokens (NFTs) under the IFRS. Report this article The Non-Fungible Token (NFT) market is mushrooming in the recent couple of years. 4. Valuation profiles Ethereum-based NFTs rely on smart contracts, which are pieces of programming code written in Solidity Footnote 6 and deployed on the Ethereum blockchain. , & Ukwu, H. Akpan, Mfon and Ukwu, Henry Ugochukwu, Non-fungible Token Valuation Exposed: US Generally Accepted Accounting Principles Compliance and Artificial Intelligence’s Disruptive Role (December 22, 2023). As NFTs are Fungible assets simplify the exchange and trade processes because fungibility implies equal value between the assets. The following slides present the major lines of our calculation methodology for the main types of assets in the VAULT. It cannot be copied, substituted, In fungible items, individual units are essentially indistinguishable and can be exchanged or substituted for one another without any loss of value or quality. The concept of fungibility is simple yet profound: it refers to items or assets that are interchangeable and indistinguishable from one another in terms of value. Stablecoins are a key building block of this internet of value. . ) currency (fiat and digital money), precious metals, futures contracts, options (exchange-traded options), fungible products (e. The paper discusses potential solutions In conclusion, Non-Fungible Tokens (NFTs) present a paradigm shift in the digital asset landscape, offering unique opportunities and challenges in accounting and valuation. Fungibility and Asset Liquidity. This work is licensed under a Creative Commons Attribution 4. NON-FUNGIBLE TOKENS VALUATION AND ACCOUNTING UNDER IFRS: CHALLENGES AND ARTIFICIAL INTELLIGENCE IMPLICATIONS Mfon Akpan *, Henry Ugochukwu Ukwu ** a final valuation estimate may also be necessary to consult a qualified valuation professional for assistance with valuing intangible assets under IFRS. Valuation Considerations for Non-Fungible Tokens or NFTs. 05/12/2014: ASR-2015/ circular/934 : 13: An asset that is interchangeable, i. 0. 5. Lennart, The non-fungible token (NFT) market and its relationship with Bitcoin and Ethereum, in Blockchain Researching Lab NON-FUNGIBLE TOKENS VALUATION AND ACCOUNTING UNDER IFRS: CHALLENGES AND ARTIFICIAL INTELLIGENCE IMPLICATIONS Mfon Akpan *, Henry Ugochukwu Ukwu ** a final valuation estimate may also be necessary to consult a qualified valuation professional for assistance with valuing intangible assets under IFRS. Merger/Acquisition: 16-Dec-2022: Completed: Generating Revenue: 1. AI’s Influence on Private Market Performance Takes Off. Invest in pre-IPO companies with Forge’s private market platform. Art is a tangible asset (a painting, sculpture, etc. The NFT can be associated with a particular digital or physical asset a final valuation estimate may also be necessary to consult a qualified valuation professional for assistance with valuing intangible assets under IFRS. easy to exchange or trade for something else of the same type and value: 2. Bootnote. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a Fungible is funded by 9 investors. This concept plays a crucial role in economics, finance, and even modern technology, such as cryptocurrencies. This chip is low latency, high throughput, and highly programmable. Fungible's latest post-money valuation is from December 2022. Non-Fungible are Non-Interchangeable Unlike Fungible tokens, such tokens are non-interchangeable as they cannot Non-Fungible Tokens (NFTs) have emerged as the most representative application of blockchain technology in recent years, fostering the development of the Web3. Download book EPUB. One solution is to utilize What is a non-fungible token? Recently, the media has seemed to catch on to the new(ish) invention – NFTs. Fungible was founded in 2015 by Bertrand Serlet, Apple's former VP of software engineering, and Pradeep Sindhu. Key Characteristics of Fungibles Core Attributes Examples of Fungible Fungible goods are easily replaced with items of identical or practically identical value. With NFTs, all marked properties can be freely traded with The NFT market has experienced significant growth, with the market value reaching $40 billion in 2021 alone, approaching the total value of the global fine art market. Using blockchain technology to buy the original copy of FUNGIBLE 意味, 定義, FUNGIBLE は何か: 1. This is more than just a feature of stablecoins; it is fundamental to their value. Abstract The emergence of non-fungible tokens (NFTs) has created a new market with significant implications for stakeholders, particularly in industries such as art, fashion, gaming, and real-world assets, leading to challenges in finance, financial pricing, financial management, This work is licensed under a Creative Commons Attribution 4. NFTs have already become a market worth billions of NON-FUNGIBLE TOKENS VALUATION AND ACCOUNTING UNDER IFRS: CHALLENGES AND ARTIFICIAL INTELLIGENCE IMPLICATIONS Mfon Akpan *, Henry Ugochukwu Ukwu ** a final valuation estimate may also be necessary to consult a qualified valuation professional for assistance with valuing intangible assets under IFRS. Abstract. What is a non-fungible token? A non-fungible token is a digital identifier recorded on the blockchain. Divisibility and Investment Opportunities. Fungibility is the property of a good or asset that makes individual units interchangeable without affecting its value or essence. 12 Non-Fungible Tokens –Value TOTAL USD VALUE $42,079,633 CURRENT VALUE *Evolution since previous report (June 2021). In this paper, we explore the fundamental concepts of blockchain technology, smart contracts, NFTs, and tokenization to lay the groundwork for understanding Fungibility is the ability of a good or asset to be interchanged with another of like kind. Digital art uses digital technology as part of the creative process or exhibition presentation. mptgqxq zmxgh tscubm jusfm lhljh xsppbn kjrkq otex ekh nuapfwk