International journal of advanced smart convergence

The Institute of Internet, Broadcasting and Communication (한국인터넷방송통신학회)
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Investigating the Effects of Art Product's NFT Characteristics on Purchase Intention for Self and Others

  • Seung-Ho Ryu (Department of Business Administration, Graduate School, Chung-Ang University) ;
  • Hyeon-Cheol Kim (School of Business Administration, College of Business and Economics, Chung-Ang University)
  • Received : 2023.11.30
  • Accepted : 2023.12.20
  • Published : 2023.12.31
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Abstract

A research model was developed in this study from previous research to illustrate the relationship among perceived scarcity, assumed expensiveness of art products, perceived functional value, perceived symbolic value as well as purchase for self and others. 639 valid cases who have experienced NFT art products have been collected for data analyses. The R software has been chosen for analysis. The results have revealed that perceived scarcity was positively related to perceived functional value and perceived symbolic value, but it was assumed that the expensiveness of art products was not significantly related to perceived functional value or perceived symbolic value. Moreover, functional value was significantly related to the purchase intention of both self and others, while symbolic value only was significantly affected by the purchase intention of others. The results of this study have provided managerial implications for future studies.

Keywords

Acknowledgement

This research was supported by the Chung-Ang University Research Scholarship Grants in 2022

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