Measuring the future of NFT as digital asset in realizing economic revitalization

https://doi.org/10.35912/ajh.v1i2.1503
Published: May 24, 2023

Abstract:

Purpose: Indonesia is a democratic country based on the principles of justice, togetherness and balance as the goals of the state as stated in the 4th paragraph of the 1945 Constitution. In this regard, the development of creative industries that are oriented towards the fulfillment of social welfare within the framework of shared prosperity becomes a fundamental basis in the practice of life.

Research Methodology: The author uses a normative juridical research method that is descriptive analysis. Data collection is done through literature study and the data used in this paper is secondary data obtained through library materials collected through literature study, then analyzed qualitatively to obtain writing conclusions.

Results: The results show that digital asset transformation is an extensive, instrumental and comprehensive approach to respond to technological disruption, especially in the era of society 5.0.

Limitations: The dimensions of life are required to be adaptive to the times, associated with the current Covid-19 Pandemic situation. The pandemic has become a disruptive momentum due to the movement of global supply chains into digital and virtual spaces, such as in buying and selling goods and services, as well as interpersonal interactions.

Contribution: With the fantastic number at the digital market in Indonesia, collaboration of all parties must be implemented in achieving the vision, mission and goals of business development through the use of NFT (Non-Fungible Token) as a digital asset. In solving the various challenges of NFT in Indonesia, the author phenomenologically initiates the importance of “pentahelix” synergy in educating the public that NFT can be developed as a business instrument.

Keywords:
1. Covid-19 Pandemic
2. Creative Industries
3. Digital Assets
4. Era Society 5.0
5. Non-Fungible
6. Tokens
Authors:
1 . Rodrikson Alpian Medlimo
Undergraduate Law Student at University of Lampung, Lampung, Indonesia
2 . Aisya Dyas Septania
Undergraduate Law Student at University of Lampung, Lampung, Indonesia
3 . Hardina Okteviara Hapsari
Undergraduate Law Student at University of Lampung, Lampung, Indonesia
4 . Muhammad Fariel Zuleika
Undergraduate Law Student at University of Lampung, Lampung, Indonesia
5 . Tasya Agustin
Undergraduate Law Student at University of Lampung, Lampung, Indonesia
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Issue & Section
Vol. 1 No. 2 (2022): June
Articles
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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

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  1. Asshiddiqie, J. (2010). Konstitusi ekonomi: Penerbit Buku Kompas.
  2. Daulay, Z. A. A. (2018). Strategi Pengembangan Ekonomi Kreatif Dengan Metode Triple Helix (Studi Pada UMKM Kreatif di Kota Medan). TANSIQ: Jurnal Manajemen Dan Bisnis Islam, 1(1).
  3. Dean, S. (2021). $69 million for digital art? The NFT craze explained. Los Angeles Times. Retrieved from https://www.latimes.com/business/technology/story/2021-03-11/nft-explainer-crypto-trading-collectible
  4. Djafar, W. (2019). Hukum perlindungan data pribadi di indonesia: lanskap, urgensi dan kebutuhan pembaruan. Paper presented at the Seminar Hukum dalam Era Analisis Big Data, Program Pasca Sarjana Fakultas Hukum UGM.
  5. Fitriyani, L. N., Handayani, T., & Sari, L. P. (2022). Analysis of the marketing strategy of savings products at BMT Nasuha during the Covid-19 pandemic. Dirham: Journal of Sharia Finance and Economics, 1(1), 1-13.
  6. Gornstein, L. (2021). What is an NFT? The trendy blockchain technology explained. Retrieved from https://www.cbsnews.com/news/nft-nonfungible-token-blockchain-explained/
  7. Hamdi, A. (2018). Studi Kelayakan Bisnis. PT RajaGrafindo Persada.
  8. Hasoloan, J. (2013). Peranan perdagangan internasional dalam produktifitas dan perekonomian. Edunomic Jurnal Pendidikan Ekonomi, 1(2).
  9. Hutauruk, D. M. (2021). Mengoleksi aset NFT di ranah seni digital wajib hati-hati. kontan.co.id. Retrieved from https://investasi.kontan.co.id/news/mengoleksi-aset-nft-di-ranah-seni-digital-wajib-hati-hati
  10. Inggarwati, M. P., Celia, O., & Arthanti, B. D. (2020). Online single submission for cyber defense and security in Indonesia. Lex Scientia Law Review, 4(1), 83-95.
  11. Khan, M. M. R. (2021). Women and Sports: View from Stereotyping and Gender Differentials Perspectives. Journal of Sports and Physical Education Studies, 1(1), 01-04.
  12. Khan, M. M. R., & Sultana, R. (2021). Shift in the role of criminology in criminal law: Reflecting the doctrinal change. Annals of Justice and Humanity, 1(1), 1-10.
  13. Mahmud Marzuki, P. (2013). Penelitian Hukum Edisi Revisi. Jakarta: Kencana Prenada Media Group.
  14. Moriarty, P., & Honnery, D. (2020). Feasibility of a 100% global renewable energy system. Energies, 13(21), 5543.
  15. Muni, A. (2020). Hak Asasi Manusia Dalam Konstitusi Indonesia. Al'Adalah, 23(1), 65-78.
  16. Newitz, A. (2021). Who wants to be an animated gif millionaire? New Scientist, 249(3326), 24.
  17. Pradana, Y. (2022). Implementasi Prinsip “Kepentingan Terbaik bagi Anak” dalam proses persidangan Anak secara elektronik pada masa pandemi di Kota Jakarta Barat. Jurnal Ilmiah Hukum dan Hak Asasi Manusia, 1(2), 43-53.
  18. Rosadi, S. D., & Pratama, G. G. (2018). Urgensi Perlindungan Data Privasi dalam Era Ekonomi Digital di Indonesia. Veritas et Justitia, 4(1).
  19. Zulfiani, Y. N. (2021). Prevention of personal data privacy leakage in e-government, as the government’s responsibility. Annals of Justice and Humanity, 1(1), 29-37.