An End to End Blockchain based Non- Fungible Token Platform for Buying and Selling Digital Arts

Abstract

Blockchain is a revolutionary technology and will have great effects on our business in the future. NFT denotes Non-Fungible Token which can be considered as digital form of a real-world object. These objects can be art, music, in-game items, and videos. These are traded online, generally with different types of currencies, basically cryptocurrencies. Non-fungible tokens which are traded through aNon-Fungible Token marketplace, are different from fungible tokens that are bought or sold on multiple centralized or decentralized platforms. Each Non-Fungible Token has a digital signature of it which makes it impossible for them to be exchanged for another Non-Fungible Token over the internet. Each has its own value which is determined by various factors like meta data, creator, features, and many more. The majority of Non-Fungible Tokens in the present times are digital, and creators could improvise here in the future and will make more creative things for the users ahead. It is very clear that blockchain technology and Non-Fungible Tokens can offer the perfect opportunity for artists and content creators to obtain a reputation for their works and also financial support.