Comparing the characteristics of blockchains via building a NFT marketplace

AUTHOR(S)

M Vivaswanth Kashyap, Vaidya Saideepa, K Shivadar Reddy, Mrs.T.Ratnamala

DOI: https://doi.org/10.46647/ijetms.2023.v07i03.120

ABSTRACT
Blockchain is a ground-breaking technology that will soon have a significant positive impact on our commercial environment. Non-Fungible Token is referred to as NFT. A digital representation of a real-world item, such as music, art, in-game items, or films, can be referred to as an NFT. They are typically exchanged online using various cryptocurrencies. Different from fungible tokens that are bought or sold on numerous centralised or decentralised exchanges, non-fungible tokens transacted on an NFT marketplace. NFTs are unique. Every NFT has a digital signature that prevents them from being altered for another NFT. Each has a unique value based on a number of variables, including metadata, creator,features, etc. The NFT marketplace, which gives users a platform to create and exchange Non-Fungible Tokens, is meant to be at the centre of all the fantastic use cases for NFTs. The software will be compared to other well-known systems like Opensea, etc., whose major transaction volume is on the Ethereum blockchain network. In this endeavour, we will focus on establishing an NFT Marketplace using the Internet computer. We would interact with the internet computer using Motoko, and the front end of the application would be made with Reactjs.

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How to Cite This Article:
M Vivaswanth Kashyap, Vaidya Saideepa, K Shivadar Reddy, Mrs.T.Ratnamala .Comparing the characteristics of blockchains via building a NFT marketplace . ijetms;7(3):782-787. DOI: 10.46647/ijetms.2023.v07i03.120