UNIVERSITAS TERBUKA PURWOKERTO

NAMA : RIZAL LUFI

NIM : 048779983
FAKULTAS : EKONOMI
PRODI : EKONOMI PEMBANGUNAN

Tugas 1

Please choose one of the topics below. Then, write an essay consisting of 3 paragraph.
Elaborate your own opinion with the references related to the topic that you choose.

1. Given the rise in popularity of NFTs (Non-Fungible Tokens) and digital art, many creators
are now using auction-based platforms to sell their work. Do you think auctions are an
effective method for selling digital art, considering the unique dynamics of the digital art
market and the behavior of collectors in this space? Explain your reasoning.
2. With the increasing interest in and adoption of cryptocurrencies, some argue that the
role of central banks could diminish in the future. How might the rise of decentralized
digital currencies impact the traditional functions of central banks, such as controlling
inflation, regulating the banking sector, and ensuring financial stability? Explain your
reasoning.
JAWABAN SOAL 1

 Auctions as a Method for Selling Digital Art

The rise of NFTs and digital art has led to a new era of art collecting, where collectors
seek digital art as an alternative or complementary investment to traditional physical
artwork. Auctions have become a popular method for selling digital art, offering a
platform for artists to showcase their work and for collectors to acquire unique digital
assets. The intangible nature of digital art allows collectors to easily display and share
their collections online, increasing the social aspect of collecting. However, the
effectiveness of auctions in selling digital art depends on various factors, including the
uniqueness of the artwork, the platform's reputation, and the marketing strategy.

The use of Dutch auctions, which start with a high price and progressively lower it until a
sale is made, has been particularly effective in the NFT industry, bringing in a new era of
increased openness, diversity, and efficiency. These auctions have the potential to
change how assets are valued and viewed in the community, in addition to changing
how they are priced. The NFT art market does away with traditional controls, allowing
for a more open and transparent process of buying and selling digital art

JAWABAN SOAL 2

 The Impact of Decentralized Digital Currencies on Central BanksThe rise of

decentralized digital currencies has significant implications for central banks, which have
traditionally played a crucial role in controlling inflation, regulating the banking sector,
and ensuring financial stability. The increasing adoption of cryptocurrencies and the
potential for central banks to issue their own digital currencies could reduce the role of
traditional banks as intermediaries and lenders. This shift could also pose big problems
during a financial crisis, if depositors pull money out of traditional banks to deposit it at
the central bank

The potential for central banks to issue their own digital currencies, such as the e-krona
in Sweden, could prevent a central bank from losing market share to bitcoin and make it
easier for a central bank to pursue negative interest rates. However, issuing a digital
currency could reduce the role of traditional banks and pose problems during a financial
crisis The monetary policy implications of central bank digital currencies are complex
and require careful consideration to ensure that they do not disrupt the financial system
In conclusion, the rise of NFTs and digital art auctions offers a new platform for artists
and collectors to engage in the art market, while the increasing adoption of
decentralized digital currencies poses significant challenges for central banks. As the art
market continues to evolve, it is essential to consider the implications of these changes
on the traditional art market and the role of central banks in the financial system.