Under the Skin of Foundation NFT Auctions
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Abstract (arXiv)
Non Fungible Tokens (NFTs) have gained a solid foothold within the crypto community, and substantial amounts of money have been allocated to their trades. In this paper, we studied one of the most prominent marketplaces dedicated to NFT auctions and trades, Foundation. We analyzed the activities on Foundation and identified several intriguing underlying dynamics that occur on this platform. Moreover, We performed social network analysis on a graph that we had created based on transferred NFTs on Foundation, and then described the characteristics of this graph. Lastly, We built a neural network-based similarity model for retrieving and clustering similar NFTs. We also showed that for most NFTs, their performances in auctions were comparable with the auction performance of other NFTs in their cluster.
Key facts. Cited by 2 papers in the map (data through 14 Oct 2026). Builds on 5 of its 16 references that are in the map. First posted on arXiv 25 Sep 2021.
Builds on
5 of 16 references.
References · 5
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- 2014Very Deep Convolutional Networks for Large-Scale Image Recognitioncited by 15,364
- 2017Billion-scale similarity search with GPUscited by 2,497
- 2021Improving Object Detection in Art Images Using Only Style Transfercited by 15
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Citing papers per year: 2021: 1; 2022: 1.
2 papers.