Papers1 provider · 2 records
February 25, 2023· Zenodo (CERN European Organization for Nuclear Research)
article
Open access

Web 3.0 based NFT Marketplace

Authors:Satyam PuranikSmeet KambleSanket MeshramMruanmai P. ChaudharyVenu ManekarHimanshu V. Taiwade

Abstract

There are a huge number of centralized entities that have a stronghold on huge swathes of the sector of the world wide web, taking unilateral action to determine what is and is not permissible. This dilemma is resolved by Web3 which embraces decentralization and is being built, operated, and owned by its users. Web3 places power inside the hands of people rather than agencies. For lovers and customers, NFT (Non-Fungible Token) represents a brand-new era of digital collection. So, it is a new manner to support artists, athletes, and musicians without any third-party intermediaries. For creators, artists, and musicians, NFT is a new manner to share and monetize their work. There were a number of troubles and issues surrounding the sale of digital products because it was very easy to duplicate and claimed through others. Our aim is to provide a decentralized platform to users from which they can list or buy these NFTs from the seller and the transactions between the buyer and seller will not be overlooked by some central authorities.

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