Table 4.

Key findings

CasePillar 1 – ProductPillar 2 – Customer interfacePillar 3 – Infrastructure managementPillar 4 – Financial aspects
Christie’s (auction houses)NFTs add value to digital artwork, offering a new dimension for art that lacks physical propertiesMillennials (1981–1996) and Generation X (1965–1980) as a new customer baseCollaborates with technological partners to manage the NFT landscape, often sourcing directly from crypto artistsSignificant growth in online-only sales
OpenSea (NFT exchanges)A large NFT marketplace, supporting multiple blockchains and diverse categoriesAttracts a diverse user base, including gamers, crypto enthusiasts, technologists, artists and collectorsOversees market activities, intervening in cases of misconduct; the website serves as a Central resource for business operationsRevenue primarily from fees, approximately 2.5% of the transaction value
Uffizi gallery (art galleries)Creates and sells certified digital copies of artworksAppeals to top-tier collectors, the same demographic attending major auctions and art fairs, interested in digital artPartners provide technical skills for creating NFT copies; legal implications are carefully managedNFTs are expected to contribute significantly to museum finances, potentially matching revenue from other sources such as restaurants
Ticketmaster (ticketing)Offers NFTs as collectible items tied to event ticketsAppeals to existing eventgoers interested in unique digital memorabiliaDevelops platforms for minting, issuing and managing NFT-based tickets, integrating with digital and remote marketsShifts revenue streams from traditional to digital markets, with NFTs enabling control of the ticket reselling market
Source(s): Authors’ elaboration

or Create an Account

Close Modal
Close Modal