A survey on Automated Market-Makers (AMM) for non-fungible tokens

Abstract

Blockchain has become a revolutionary technology that has had a great impact on the business environment. Non-fungible tokens (NFTs) are distinct from fungible tokens traded on multiple centralized or decentralized exchanges. Automated Market-MMs (AMMs) are decentralized markets for crypto-tokens that offer users three core operations: deposition of crypto tokens to get AMM shares in return; the dual operation of getting shares for the base tokens; and swapping of two different tokens with each other. This research aims to put forth a comprehensive view of Blockchain and its applications in the real world, including cryptocurrencies, NFTs trading, voting, and much more. It also focuses on how NFTs are traded on different platforms and aims at better marketplaces for trading NFTs,namely Automated Market Makers on different blockchains like Ethereum and Tezos.