January 1, 2023· SSRN Electronic Journal
preprint
Open access
NFT Trading Platform : A Decentralized Application using the Ethereum Blockchain
Authors:Mithilesh Pawar *Rudraksh BalkarVijay PawarSaurav Roy
Abstract
Blockchain technology is poised to bring about a paradigm shift in the business environment, offering substantial benefits in the near future. Non-fungible Tokens are digital representations of material possessions like artwork, recordings, assets within the game, and films. These tokens are traded via the internet with multiple cryptocurrencies. NFTs have their own distinct characteristics from fungible tokens, which may be traded without restriction on numerous centralized or decentralized exchanges.Each NFT carries a unique digital signature that precludes its exchange for another NFT, and its value is determined by factors such as metadata, creator, and features.
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