A Social Capital-Based NFT Collection Recommendation Mechanism
Sheng-Ching Wang, Yung-Ming Li · 2023
The non-fungible token (NFT) market has seen rapid growth, making it challenging for investors to select valuable NFT collections. Moreover, the prevalence of wash trading in NFT transactions has distorted market activity and misled investors. To address these issues, we propose a novel NFT collection recommendation mechanism based on social capital theory to support the healthy development of the NFT market. We filter wash trading and predict the trends of NFT collections. This study offers a promising approach to enhancing user experience in the NFT market and mitigating the harmful effects of wash trading on market activity.