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November 23, 2023· Proceedings of the 5th International Conference on Information Management & Machine Intelligence
conference-paper
Open access

Blockchain based NFT marketplace to embrace pets

Abstract

The Non Fungible Tokens are assets that have exploded wisely in recent years. One area where NFTs are yet to impact is in pet's life. Therefore, an NFT Marketplace for pets can be created so that pets can be embraced. This marketplace allows customers to list, sell, and buy NFTs. Marketplace will contain images or videos of pets as NFTs, that will be uploaded by the owner of the pet. There will also be a listing amount that can be mentioned by the owner and also it will have a minimum value of 0.01ETH. This value can be increased by the owner according to his/her interest. There will be several benefits to using NFTs as pets will get a secure environment and health care. The user can register to the marketplace with his Web3 wallet. This paper explains that these NFTs can be used to store and track important information about pets, such as their health records, and ownership. Owners or users will be able to develop their interest in the marketplace as it provides a gamified view. This marketplace will help in maintaining transparency and help owners to get informed about their pet's related vital information.

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