UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 11 Issue 3
March-2024
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2403786


Registration ID:
535247

Page Number

h645-h651

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Title

NFT Marketplace

Abstract

Non-Fungible Tokens (NFTs) have recently attracted significant investor attention, with some NFTs fetching selling prices previously deemed unthinkable for virtual assets. The emergence of blockchain technology and NFTs presents a lucrative opportunity for artists and content creators to monetize their creations directly. No longer reliant on traditional avenues like auction houses or galleries, artists can now sell their work directly to buyers in the form of NFTs. NFT marketplaces facilitate the buying, selling, and trading of NFT art, offering a substantial revenue stream for talented individuals such as composers and artists. The NFT market has witnessed substantial growth, with a staggering $828 million in sales recorded in 2022 alone. NFT marketplace development presents a unique opportunity for individuals to showcase their collectibles and promote effective digital asset management. Despite the burgeoning demand, building a complex NFT marketplace remains challenging due to the scarcity of resources and expertise in blockchain technology. However, NFTs offer a myriad of use cases, with the marketplace serving as a central platform for minting and trading these unique tokens.

Key Words

NFT, Token, Blockchain, Marketplace, Asset, Ethereum, Fungible.

Cite This Article

"NFT Marketplace", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 3, page no.h645-h651, March-2024, Available :http://www.jetir.org/papers/JETIR2403786.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"NFT Marketplace", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 3, page no. pph645-h651, March-2024, Available at : http://www.jetir.org/papers/JETIR2403786.pdf

Publication Details

Published Paper ID: JETIR2403786
Registration ID: 535247
Published In: Volume 11 | Issue 3 | Year March-2024
DOI (Digital Object Identifier):
Page No: h645-h651
Country: Junagadh, Gujarat, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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