A Repurchase Scheme for Non-Fungible Tokens
ABSNFT: Securitization and Repurchase Scheme for Non-Fungible Tokens Based on Game Theoretical Analysis
This work proposes a novel securitization and repurchase scheme for the non-fungible token (nft) market to overcome the limitations of non-fungibility of nft.We first provide an asset-backedsecurities (abs) solution to settle the limitations of non-fungibility of nft.Then we propose a novel repurchase protocol for a participant owing a portion of nft to repurchase other shares to obtain the complete ownership.As participants maystrategically bid during the acquisition process, our repurchase process is formulated as a stackelberg game to explore the equilibrium prices.We also provide solutions to handle difficulties at market such as budget constraints and lazy bidders.
