Fractional non-fungible tokens (NFTs) represent a transformative innovation within the NFT landscape, potentially reshaping the foundational architecture of NFTs and unlocking novel opportunities for investors. Despite the promise of this innovation, a considerable challenge arises in the context of NFT ownership. This study introduces an innovative Bayesian Stackelberg game model designed to reconstitute NFTs. A penalty mechanism is also introduced to encourage the reconstitution. We establish the existence of a distinctive Stackelberg equilibrium, providing explicit solutions for computing equilibrium prices. To illustrate the application of our model, we present numerical examples to offer practical insights into its implementation.

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Reconstitution of NFTs Based on a Game Theory Model

  • Jiahui Shao,
  • Maochao Xu,
  • Rui Fang,
  • Xiaoxiao Hu,
  • Weidong Shi,
  • Dana Alsagheer

摘要

Fractional non-fungible tokens (NFTs) represent a transformative innovation within the NFT landscape, potentially reshaping the foundational architecture of NFTs and unlocking novel opportunities for investors. Despite the promise of this innovation, a considerable challenge arises in the context of NFT ownership. This study introduces an innovative Bayesian Stackelberg game model designed to reconstitute NFTs. A penalty mechanism is also introduced to encourage the reconstitution. We establish the existence of a distinctive Stackelberg equilibrium, providing explicit solutions for computing equilibrium prices. To illustrate the application of our model, we present numerical examples to offer practical insights into its implementation.