Optimizing NFT Transactions: A Comparative Study of Static and Dynamic Blockchain Sharding

Abstract

Non-Fungible Token (NFT) is a new technology primarily engaged in blockchain, which is utilized to produce and exchange digital assets in fields like art, gaming, and real estate. The problem encountered in NFTs is the management and maintenance of ownership records. The suggested method addresses these problems with a dynamic allocation into shards. They are tiny subdivisions of blockchain transactions that hold NFTs according to the volume of transactions, metadata of tokens, and storage needs to meet the demand. The implementation is aimed at comparing how NFT transactions perform under static and dynamic sharding to conclude the most appropriate kind of technique for certain requirements. The findings of our experiments over different numbers of transactions indicate that static sharding performs better in minting or aggregating NFTs. However, dynamic sharding is superior in NFT operations such as Querying data and retrieving transaction information owing to quick access time and uniformly distributed transaction load.