Introduction to NFTs: The Future of Digital Collectibles

Abstract

This paper commences by introducing the essentials of blockchain technology and then goes into how Ethereum blockchain revolutionized blockchain. Smart contracts are presented in the context of showing how they play an important role in implementing rules regarding the Ethereum blockchain, allowing the user to regulate digital assets. The standards used in the Ethereum blockchain to build Non-Fungible Tokens (NFTs) are discussed. The paper concludes by presenting the benefits of NFTs as well as the use of Ethereum blockchain for future applications.