Reviewing the Relationship Between Blockchain and NFT With World Famous NFT Market Places

Abstract

Blockchain and NFTs (Non-Fungible Tokens) are two closely related concepts that have gained significant attention in recent years, particularly in the realm of digital assets and decentralized technologies. Blockchain and NFTs (Non-Fungible Tokens) share a symbiotic relationship, with blockchain serving as the underlying technology that empowers NFTs to function as unique digital assets. NFTs, on the other hand, leverage blockchain technology to address the longstanding challenge of proving ownership and authenticity in the digital realm. By representing unique assets on the blockchain, NFTs solve the problem of digital scarcity, enabling artists, musicians, game developers, and creators to tokenize and sell their digital creations as limited-edition, one-of-a-kind items. The indivisibility of NFTs ensures that each token represents a whole and unique piece of content, be it digital art, music, videos, or virtual real estate. This paper is reviewing the world famous NFT that are traded on popular Blockchain on world famous NFT market place such as Opensea and YoungParrot. Several international brands have their NFT listed on such NFT market places.