NFT Marketplace on Ethereum Network based on ...

NFT Marketplace on Ethereum Network based on ERC721 Token

Author Name : Priyanka Fulsaundar, Chetan Pathrabe, Roshan Narawade, Kalyani, Ayush Nikale

ABSTRACT The growing interest in blockchain technology and its potential impact on various industries. It introduces nonfungibletokens (NFTs) as a novel type of Ethereum-based token with unique attributes. It highlights the recent surge of investor interest in NFTs and their expansion in marketplaces since early 2021. The project employs the Ethereum network to showcase digital ownership transfers and control through NFTs, allowing for their creation, purchase, sale, and trade. Also, readers can create their own NFT tokens using the ERC721 standard on Ethereum and addresses distribution and potential profitability. It emphasizes the application's functionality for buying and selling NFTs using Ether as virtual currency. The broader context is illustrated by discussing block chain’s potential across industries, user experience enhancement, data storage challenges, and tokenization of diverse digital assets, while showcasing blockchain's versatility and potential risks