Coin Specific Sentiments Matter For The Non-Fungible Tokens Spillovers: How And When?

Authors

Oguzhan Cepni, Copenhagen Business SchoolFollow
Ahmet Faruk Aysan, Hamad Bin Khalifa University - QatarFollow

Document Type

Article

Abstract

This paper explores the impact of sentiment on return spillovers among seven major Non-Fungible Tokens (NFTs). Using daily sentiment data from Thomson Reuters MarketPysch Indices and controlling for uncertainty factors and NFT sales, we examine the relationship between media sentiment and NFTs return spillovers using a TVP-VAR model. Our findings show that individual NFTs sentiment is important for spillover dynamics and the effect of sentiment changes based on market uncertainty. The study highlights the need for NFTs investors to focus on market sentiment themes rather than overall sentiment

Recommended Citation

Cepni, Oguzhan and Aysan, Ahmet Faruk (2023) "Coin Specific Sentiments Matter For The Non-Fungible Tokens Spillovers: How And When?," Bulletin of Monetary Economics and Banking: Vol. 26: No. 4, Article 6.
DOI: https://doi.org/10.59091/2460-9196.2155
Available at: https://bulletin.bmeb-bi.org/bmeb/vol26/iss4/6

First Page

637

Last Page

658

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

Qatar

Affiliation

Hamad Bin Khalifa University