Transformative Impact of NFT on Traditional Art

1. Impact of NFTs on the art industry's revenue and competition with traditional art.

1.1. Qualitative analysis

1.2. Quantitative analysis

2. Literature Review

2.1. Review existing literature on NFTs in art, the traditional art market, and the effects on revenue and competition.

3. Research Design

3.1. Choosing a mixed-methods approach, incorporating quantitative data on sales and qualitative analysis of artists' experiences.

4. Data Collection

4.1. Defining data sources: NFT marketplaces, art auction records, interviews/surveys with artists, and collectors.

5. Sample Selection

5.1. Specifying criteria for selecting NFT artworks, traditional art auction data, and participants for interviews/surveys.

6. Data Analysis

6.1. Conduct statistical analysis of NFT sales data in SPSS, thematic content analysis of interviews in Nvivo, and compare findings.

7. Ethical Considerations

7.1. Address ethical issues related to using data from NFT platforms and obtaining informed consent from interviewees.

8. Data Presentation

8.1. Present findings through graphs, tables, and visual representations to showcase trends and comparisons.

9. Conclusion & Discussion

9.1. Summarizing results, discuss how NFTs impact revenue, and analyze their influence on traditional art competition.

10. Recommendations

10.1. Offering recommendations for artists, art collectors, and the art industry regarding NFTs and traditional art.

11. References

11.1. Citing all relevant sources, adhering to a specific citation style (e.g., APA, MLA) as per your research paper's requirements.