TY - JOUR
T1 - The Development of Digital Collection Platform under Responsible Innovation Framework
T2 - A Study on China’s Non-Fungible Token (NFT) Industry
AU - He, Dandan
AU - Liu, Zheng
AU - Yang, Qingqing
AU - Ma, Lei
N1 - Publisher Copyright:
© 2022 by the authors.
PY - 2023/1/23
Y1 - 2023/1/23
N2 - The combination of non-fungible token (NFT) with paintings, music, games, videos and other forms of creative content is an innovation to protect the copyright of authors. It digitizes physical works with unique labels. At present, the NFT industry is blooming in the area of digital collections in China, attracting increasingly more artists, art collectors and platform enterprises to interact. However, the NFT digital collection platform is facing challenges and growth limitations. This study adopts the theory framework of responsible innovation. Through semi-structured interview and secondary document review, it analyzes the positive and negative effects of China’s NFT digital collections alongside technological, economical, ethical and social dimensions. The paper proposes four development paths to achieve responsible innovation of this emerging new business. Further discussion links NFT with open innovation dynamics, alongside areas for future research.
AB - The combination of non-fungible token (NFT) with paintings, music, games, videos and other forms of creative content is an innovation to protect the copyright of authors. It digitizes physical works with unique labels. At present, the NFT industry is blooming in the area of digital collections in China, attracting increasingly more artists, art collectors and platform enterprises to interact. However, the NFT digital collection platform is facing challenges and growth limitations. This study adopts the theory framework of responsible innovation. Through semi-structured interview and secondary document review, it analyzes the positive and negative effects of China’s NFT digital collections alongside technological, economical, ethical and social dimensions. The paper proposes four development paths to achieve responsible innovation of this emerging new business. Further discussion links NFT with open innovation dynamics, alongside areas for future research.
KW - digital collection platform
KW - non-fungible token (NFT)
KW - platform innovation
KW - responsible innovation
UR - http://www.scopus.com/inward/record.url?scp=85144649054&partnerID=8YFLogxK
U2 - 10.3390/joitmc8040203
DO - 10.3390/joitmc8040203
M3 - Article
AN - SCOPUS:85144649054
SN - 2199-8531
VL - 8
JO - Journal of Open Innovation: Technology, Market, and Complexity
JF - Journal of Open Innovation: Technology, Market, and Complexity
IS - 4
M1 - 203
ER -