The Asian Journal of Technology Management (AJTM)
Vol. 16 No. 2 (2023)

NFT Investments Analysis: A Strategic Approach with Ranking Insights and Sales Forecasting System for Informed Decision-Making

Fitria, Vivi Aida (Unknown)
Afandi, Arif Nur (Unknown)
Aripriharta, Aripriharta (Unknown)
Widayanti, Lilis (Unknown)
Sulistyo, Danang Arbian (Unknown)



Article Info

Publish Date
30 Dec 2023

Abstract

Abstract. The non-fungible token (NFT) is a unique token used to represent digital assets such as art, music, videos, and other collections. NFT has gained significant attention from the business and industry sectors in recent years. This study reports an increase in the number of active NFT users from 77,000 to 222,000 in early 2021. Investment in NFT has advantages and disadvantages, and one of the challenges faced by investors is that they may not have enough knowledge about investing risks and may find it difficult to recognize and evaluate potential dangers. To address this problem, this study proposes a system that provides information on NFT collection sales rankings and volume sales forecasts. The simple additive weighting (SAW) method is used to determine the NFT collection rankings, and exponential smoothing is used to forecast sales volume. The Particle Swarm Optimization (PSO) method is applied to optimize the parameter alpha of the Exponential Smoothing method. With an accuracy rate of 80.38%, the combination of using the Single Exponential Smoothing method with PSO optimization can provide good predictions for future NFT sales. The proposed system aims to provide investors with accurate information to make informed decisions when investing in NFT. Keywords:  Forecasting system, pso, ranking system, saw, single exponential smoothing

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Journal Info

Abbrev

AJTM

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

PURPOSE The Asian Journal of Technology management aims to promote interdisciplinary research regarding the special problems and opportunities related to technology management fields in Asia and its effects beyond. It publishes papers by worldwide scholars, practitioners, and those interested in ...