NON-FUNGIBLE TOKEN (NFT) DEPLOYMENT IN ETHEREUM NETWORK

Abstract

The Non-Fungible Token (NFT) industry has exploded in recent years both in the industry and also in academic research. The notion of Non-Fungible Token (NFT) is based on an Ethereum token standard that aims to distinguish each token with identifiable indications. As their unique identifiers, these tokens can be coupled with virtual/digital attributes. All marked properties can be freely sold via NFTs, with customized values based on their ages, rarity, liquidity, and so on. It has significantly boosted the growth of the decentralized application (DApp) sector. The thousand fold return on its expanding market attracts a lot of interest all across the world. However, the NFT ecosystem is still in its early stages, and NFT technologies are still in their infancy. As a result, we are working on NFT deployment as well as learning about security problems and NFT-related topics. We have to also remember that newer applications of NFTs in the Metaverse is also making NFTs state of the art.