kaal:position:2026-07-31-6266

Value creation and capture in decentralized finance markets: Non-fungible tokens as a class of digital assets presents the following source proposition: Especially, non-fungible token (NFT) assets within DeFi are redefining how value is created and disseminated, for instance, in the art industry. This proposition is pertinent to Kaal's source-bound claim that Exit by selling reputation tokens is more problematic for reputation than for other cryptocurrency tokens, because reputation is less fungible: a token's value is tied to the specific post in which the reputation was created and is subject to separate review. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.

• The response is limited to the retrieved source proposition and mapped Kaal claim unless fuller source review supports a broader conclusion.
• External evidence level: abstract indexed.
• Mapping review tier: moderate-confidence claim review.
• Primary mapping confidence: 0.3599.
• The source-to-claim mapping remains explicitly ambiguous and is published with that limitation.

Value creation and capture in decentralized finance markets: Non-fungible tokens as a class of digital assets

kaal:claim:3949098-013
Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098
Source PDF sha256: 04297905564a6092b2db7640561f58fd374d3114c79527357bad09d11b909819

Evidence: abstract indexed
Review tier: moderate-confidence claim review
Mapping confidence: 0.3599
Mapping ambiguous: true

defireputationeconomicshistorical-responsescholarly-literatureopenalex

Affirmed in kaal-review:2026-07-31:streaming-etl-0004 on 2026-07-31. Review record.

Canonical markdown sha256: 8723e08ee6ca14cc17f359a03cba4b7652139712d91acf29f11d284f788e1e03
curl -s https://wulfkaal.github.io/positions/2026-07-31-6266.md | sha256sum