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Journal : Journal of Current Research in Blockchain

Investigating the Determinants of NFT Purchase Intention: An Integrated Model Combining the Theory of Planned Behavior and Technology Acceptance Model Sangsawang, Thosporn
Journal of Current Research in Blockchain Vol. 1 No. 3 (2024): Regular Issue December
Publisher : Bright Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47738/jcrb.v1i3.19

Abstract

This study investigated the determinants of Non-Fungible Token (NFT) purchase intention (PI) by integrating the Theory of Planned Behavior (TPB) and the Technology Acceptance Model (TAM). The research aimed to identify key factors influencing PI), including Attitude Toward NFTs (AT), Perceived Usefulness (PU), Perceived Ease of Use (PEU), Subjective Norms (SN), Perceived Behavioral Control (PBC), and Perceived Risk (PR). A quantitative research design was employed, with data collected through an online survey distributed via Google Forms in February 2024. Out of the 345 questionnaires initially distributed, 336 were validated and included in the analysis after filtering for participants with actual NFT usage experience. The findings revealed that PU and PEU positively influenced AT, which in turn significantly enhanced PI. PBC and SN were also found to have direct positive effects on PI, highlighting the importance of consumer confidence and social influence in driving behavior. Conversely, PR demonstrated a negative impact on PI, underscoring the deterrent effects of concerns related to security, privacy, and financial uncertainty. The study further confirmed the mediating role of attitude, showing that positive evaluations of NFTs play a crucial role in translating perceived benefits and usability into actionable PI. The integrated model combining TPB and TAM effectively explained the complexities of NFT PI, offering valuable insights for both theoretical understanding and practical applications in the NFT market. These results provide actionable recommendations for NFT platforms and marketers to enhance user engagement, mitigate PR, and foster positive consumer AT.
Correlation Between Gas Prices and Transaction Value in Ethereum Blockchain Işman, Aytekin; Sangsawang, Thosporn
Journal of Current Research in Blockchain Vol. 2 No. 4 (2025): Regular Issue December 2025
Publisher : Bright Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47738/jcrb.v2i4.47

Abstract

This study examines the relationship between gas prices and transaction values on the Ethereum blockchain, providing a detailed analysis of transaction dynamics and the factors influencing gas price determination. The correlation coefficient between gas prices and transaction values is -0.0273, indicating a very weak and negative relationship. Instead, gas prices are driven by factors such as computational intensity, network congestion, and user prioritization. Functions with higher computational demands, such as mint, recorded the highest mean gas price of 120.45 Gwei, with a standard deviation of 15.30 Gwei, while functions like approve and transfer exhibited mean gas prices of 98.30 Gwei and 110.80 Gwei, respectively. Recipient address analysis reveals a strong concentration of transaction values, with the top recipient address receiving 49.95 ETH consistently, indicating high-value operations directed toward specific accounts. High-gas transactions, defined as those above the 90th percentile, displayed a mean gas price of 191.96 Gwei with minimal variability, while their corresponding transaction values varied widely, with a mean of 23.91 ETH and a standard deviation of 13.66 ETH. These findings provide critical insights into Ethereum transaction behavior, emphasizing the role of function type and user prioritization in shaping gas price decisions. Future research should investigate the impact of network upgrades such as EIP-1559, the adoption of Layer-2 scaling solutions, and temporal trends in transaction behavior to enhance network scalability and cost efficiency as Ethereum continues to evolve.