Universitas Islam Negeri Alauddin Makassar Proceedings, The 1st International Conference on Science and Islamic Studies (ICOSIS-2023)

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Implications of Non-Fungible Tokens (NFT) for the economy in Indonesia
Ahmad Nouruzzaman, Muslimin Kara, Muammar M. Bakry, Sirajuddin Sirajuddin

Last modified: 2023-07-25


NFTs are unique forms of digital assets that utilize blockchain technology to provide authenticity and verified ownership. In recent years, NFTs have gained significant popularity in the global market, including in Indonesia. This research aims to analyze the implications of Non-Fungible Tokens for the Indonesian economy. The study employs a qualitative method with a library research approach to examine the implications of NFT usage in the Indonesian economy through an in-depth analysis of relevant literature. The research reveals that the utilization of NFTs has implications for enhancing the growth and income of the creative economy in Indonesia. NFTs serve as attractive investment instruments that can yield substantial benefits for creative economy participants. Furthermore, the adoption of NFTs can contribute to increasing government revenue through taxation, as NFT transactions can be monitored and subjected to taxation. In the context of creating new job opportunities, NFT usage fosters new possibilities for professionals and creative workers with digital and creative skills.


Non-Fungible Token; creative economy; investment; government revenue

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