publications

conference

2024

1. 

   ARTEMIS: Detecting Airdrop Hunters in NFT Markets with a Graph Learning System

   Chenyu Zhou, Hongzhou Chen, Hao Wu, Junyu Zhang, and Wei Cai

   2024

   Abs

   As Web3 projects leverage airdrops to incentivize participation, airdrop hunters tactically amass wallet addresses to capitalize on token giveaways. This poses challenges to the decentralization goal. Current detection approaches tailored for cryptocurrencies overlook non-fungible tokens (NFTs) nuances. We introduce ARTEMIS, an optimized graph neural network system for identifying airdrop hunters in NFT transactions. ARTEMIS captures NFT airdrop hunters through: (1) a multimodal module extracting visual and textual insights from NFT metadata using Transformer models; (2) a tailored node aggregation function chaining NFT transaction sequences, retaining behavioral insights; (3) engineered features based on market manipulation theories detecting anomalous trading. Evaluated on decentralized exchange Blur’s data, ARTEMIS significantly outperforms baselines in pinpointing hunters. This pioneering computational solution for an emergent Web3 phenomenon has broad applicability for blockchain anomaly detection. The data and code for the paper are accessible at the following link: doi.org/10.5281/zenodo.10676801.

Journal Articles

2023

1. 

   Harnessing Web3 on Carbon Offset Market for Sustainability: Framework and A Case Study

   Chenyu Zhou, Hongzhou Chen, Shiman Wang, Xinyao Sun, Abdulmotaleb El Saddik, and Wei Cai

   IEEE Wireless Communications, 2023

   Abs arXiv

   Blockchain, pivotal in shaping the metaverse and Web3, often draws criticism for high energy consumption and carbon emission. The rise of sustainability-focused blockchains, especially when intersecting with innovative wireless technologies, revises this predicament. To understand blockchain’s role in sustainability, we propose a three-layers structure encapsulating four green utilities: Recording and Tracking, Wide Verification, Value Trading, and Concept Disseminating. Nori, a decentralized voluntary carbon offset project, serves as our case, illuminating these utilities. Our research unveils unique insights into the on-chain carbon market participants, affect factors of the market, value propositions of NFT-based carbon credits, and the role of social media to spread the concept of carbon offset. We argue that blockchain’s contribution to sustainability is significant, with carbon offsetting potentially evolving as a new standard within the blockchain sector.