SURVEY ON NFT MINT, BUY AND SELL WEB APPLICATION

Abstract

Non-fungible tokens (NFTs) are rights that can be transferred to digital objects like photos, movies, or music. Since early 2021, the phenomena and its markets have experienced tremendous growth. Since a few years ago, the number of NFT marketplaces has been steadily increasing. Most of them use centralised systems for digital asset storage (files). This goes against the idea of decentralised systems. In this project, we suggest a safe exchange for trading non-fungible tokens, which represent digital assets. It will give users the ability to produce new digital assets and exchange them for Ethereum-based coinage. In addition, we want to investigate the technical viability of a decentralised file system that uses the IPFS protocol to store digital assets more securely. This is how we try to solve the file storage problem. Additionally, this project aims to promote the usage of blockchain technology.