{"id":"https://openalex.org/W4410486520","doi":"https://doi.org/10.1145/3717867.3717897","title":"Decentralization Funded by Centralization: Understanding Crypto Joint-Investment Network","display_name":"Decentralization Funded by Centralization: Understanding Crypto Joint-Investment Network","publication_year":2025,"publication_date":"2025-05-19","ids":{"openalex":"https://openalex.org/W4410486520","doi":"https://doi.org/10.1145/3717867.3717897"},"language":"en","primary_location":{"id":"doi:10.1145/3717867.3717897","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3717867.3717897","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3717867.3717897","source":null,"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 17th ACM Web Science Conference 2025","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://dl.acm.org/doi/pdf/10.1145/3717867.3717897","any_repository_has_fulltext":null},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5102925096","display_name":"Junyu Zhang","orcid":"https://orcid.org/0009-0002-9132-1848"},"institutions":[{"id":"https://openalex.org/I4210116924","display_name":"Chinese University of Hong Kong, Shenzhen","ror":"https://ror.org/02d5ks197","country_code":"CN","type":"education","lineage":["https://openalex.org/I177725633","https://openalex.org/I180726961","https://openalex.org/I4210116924"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Junyu Zhang","raw_affiliation_strings":["School of Science and Engineering, The Chinese University of Hong Kong, Shenzhen, Shenzhen, Guangdong, China"],"raw_orcid":"https://orcid.org/0009-0002-9132-1848","affiliations":[{"raw_affiliation_string":"School of Science and Engineering, The Chinese University of Hong Kong, Shenzhen, Shenzhen, Guangdong, China","institution_ids":["https://openalex.org/I4210116924"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5017920487","display_name":"Chenyu Zhou","orcid":"https://orcid.org/0000-0002-9830-1199"},"institutions":[{"id":"https://openalex.org/I4210116924","display_name":"Chinese University of Hong Kong, Shenzhen","ror":"https://ror.org/02d5ks197","country_code":"CN","type":"education","lineage":["https://openalex.org/I177725633","https://openalex.org/I180726961","https://openalex.org/I4210116924"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Chenyu Zhou","raw_affiliation_strings":["School of Science and Engineering, The Chinese University of Hong Kong, Shenzhen, Shenzhen, Guangdong, China"],"raw_orcid":"https://orcid.org/0000-0002-9830-1199","affiliations":[{"raw_affiliation_string":"School of Science and Engineering, The Chinese University of Hong Kong, Shenzhen, Shenzhen, Guangdong, China","institution_ids":["https://openalex.org/I4210116924"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5053432286","display_name":"Wei Cai","orcid":"https://orcid.org/0000-0002-4658-0034"},"institutions":[{"id":"https://openalex.org/I4210150356","display_name":"University of Washington Tacoma","ror":"https://ror.org/05n8t2628","country_code":"US","type":"education","lineage":["https://openalex.org/I201448701","https://openalex.org/I4210150356"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Wei Cai","raw_affiliation_strings":["School of Engineering and Technology, University of Washington, Tacoma, Washington, USA"],"raw_orcid":"https://orcid.org/0000-0002-4658-0034","affiliations":[{"raw_affiliation_string":"School of Engineering and Technology, University of Washington, Tacoma, Washington, USA","institution_ids":["https://openalex.org/I4210150356"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.3589,"has_fulltext":true,"cited_by_count":1,"citation_normalized_percentile":{"value":0.88194424,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":95,"max":98},"biblio":{"volume":null,"issue":null,"first_page":"86","last_page":"95"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.9983000159263611,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.9983000159263611,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.9606000185012817,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.9603999853134155,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/decentralization","display_name":"Decentralization","score":0.9157171249389648},{"id":"https://openalex.org/keywords/joint","display_name":"Joint (building)","score":0.7209806442260742},{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.5814314484596252},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.45804259181022644},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.4205480217933655},{"id":"https://openalex.org/keywords/computer-security","display_name":"Computer security","score":0.38479340076446533},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.3819881081581116},{"id":"https://openalex.org/keywords/economic-system","display_name":"Economic system","score":0.3348349332809448},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.2918316125869751},{"id":"https://openalex.org/keywords/political-science","display_name":"Political science","score":0.21855080127716064},{"id":"https://openalex.org/keywords/market-economy","display_name":"Market economy","score":0.19628101587295532},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.17180722951889038},{"id":"https://openalex.org/keywords/law","display_name":"Law","score":0.0812857449054718}],"concepts":[{"id":"https://openalex.org/C136810230","wikidata":"https://www.wikidata.org/wiki/Q188961","display_name":"Decentralization","level":2,"score":0.9157171249389648},{"id":"https://openalex.org/C18555067","wikidata":"https://www.wikidata.org/wiki/Q8375051","display_name":"Joint (building)","level":2,"score":0.7209806442260742},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5814314484596252},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.45804259181022644},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4205480217933655},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.38479340076446533},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3819881081581116},{"id":"https://openalex.org/C74363100","wikidata":"https://www.wikidata.org/wiki/Q273005","display_name":"Economic system","level":1,"score":0.3348349332809448},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2918316125869751},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.21855080127716064},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.19628101587295532},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.17180722951889038},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0812857449054718},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C170154142","wikidata":"https://www.wikidata.org/wiki/Q150737","display_name":"Architectural engineering","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1145/3717867.3717897","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3717867.3717897","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3717867.3717897","source":null,"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 17th ACM Web Science Conference 2025","raw_type":"proceedings-article"}],"best_oa_location":{"id":"doi:10.1145/3717867.3717897","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3717867.3717897","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3717867.3717897","source":null,"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 17th ACM Web Science Conference 2025","raw_type":"proceedings-article"},"sustainable_development_goals":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320323970","display_name":"Ministry of Industry and Information Technology of the People's Republic of China","ror":"https://ror.org/0385nmy68"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4410486520.pdf","grobid_xml":"https://content.openalex.org/works/W4410486520.grobid-xml"},"referenced_works_count":24,"referenced_works":["https://openalex.org/W1556758605","https://openalex.org/W1995213405","https://openalex.org/W2031914495","https://openalex.org/W2038466413","https://openalex.org/W2097150064","https://openalex.org/W2131681506","https://openalex.org/W2150649057","https://openalex.org/W2761453633","https://openalex.org/W2769654108","https://openalex.org/W2960985188","https://openalex.org/W2963861029","https://openalex.org/W2990337830","https://openalex.org/W3099768174","https://openalex.org/W3116966889","https://openalex.org/W3122863433","https://openalex.org/W4297433024","https://openalex.org/W4317753994","https://openalex.org/W4367047180","https://openalex.org/W4372311825","https://openalex.org/W4391825457","https://openalex.org/W4391955679","https://openalex.org/W4392846446","https://openalex.org/W4396759413","https://openalex.org/W4399205770"],"related_works":["https://openalex.org/W2186336397","https://openalex.org/W2481378325","https://openalex.org/W2330351317","https://openalex.org/W3140943723","https://openalex.org/W2383129671","https://openalex.org/W2809553181","https://openalex.org/W3009543438","https://openalex.org/W2347300234","https://openalex.org/W2151621979","https://openalex.org/W2557839609"],"abstract_inverted_index":{"In":[0],"the":[1,11,42,51,56,60,96,106,177],"crypto":[2,34,52],"industry,":[3],"venture":[4,47],"capital":[5,48],"investors":[6,20,49],"provide":[7],"funding":[8],"to":[9,25,116],"drive":[10],"domain":[12],"towards":[13],"its":[14,123],"decentralized":[15,66],"vision,":[16],"while":[17],"many":[18],"individual":[19],"follow":[21],"online":[22],"investment":[23,30,44,147,181],"news":[24],"aid":[26],"their":[27,78],"decision-making.By":[28],"scraping":[29],"event":[31],"data":[32,35,167],"from":[33,168],"analytics":[36],"websites,":[37],"we":[38,94,111,135],"construct":[39],"and":[40,76,119,149,158,193],"analyze":[41],"joint":[43,180],"network":[45,62,97,133],"of":[46,59,80,108,141,179],"in":[50,63,127,137,146,183],"industry.Our":[53],"study":[54,173],"reveals":[55],"centralized":[57],"nature":[58],"investor":[61,103,162],"this":[64,109,184],"supposedly":[65],"domain,":[67,187],"by":[68],"identifying":[69],"central":[70],"nodes":[71],"such":[72],"as":[73,88,125],"Coinbase":[74],"Venture":[75],"disclosing":[77],"persistence":[79],"dominance,":[81],"despite":[82],"Coinbase's":[83],"relatively":[84],"small":[85],"market":[86],"share":[87],"an":[89],"exchange.Based":[90],"on":[91,176],"node":[92],"features,":[93],"divide":[95],"into":[98],"different":[99],"communities,":[100],"hinting":[101],"at":[102],"clustering.To":[104],"measure":[105],"robustness":[107],"network,":[110],"simulate":[112],"various":[113],"attack":[114],"strategies":[115],"model":[117],"bankruptcy":[118],"risk":[120],"propagation,":[121],"confirming":[122],"vulnerability":[124],"seen":[126],"historical":[128],"events.Additionally,":[129],"using":[130,166],"graph":[131],"neural":[132],"approaches,":[134],"fill":[136],"unknown":[138],"structural":[139],"information":[140,144],"investors,":[142],"mitigating":[143],"asymmetry":[145],"disclosures":[148],"achieving":[150],"classification":[151],"accuracy":[152],"above":[153],"70%":[154],"for":[155,161,190],"tier":[156],"ratings":[157],"over":[159],"65%":[160],"types.Results":[163],"are":[164],"validated":[165],"another":[169],"platform,":[170],"exhibiting":[171],"consistency.This":[172],"sheds":[174],"light":[175],"dynamics":[178],"networks":[182],"emerging":[185],"tech":[186],"offering":[188],"insights":[189],"both":[191],"potential":[192],"existing":[194],"investors.":[195]},"counts_by_year":[{"year":2026,"cited_by_count":1}],"updated_date":"2026-06-11T09:08:48.828518","created_date":"2025-10-10T00:00:00"}