This paper is published in Volume-7, Issue-6, 2022
Area
Information Technology
Author
Prathamesh Ashok Vetkar, Chetna Achar
Org/Univ
Mumbai Education Trust League of Colleges, Mumbai, Maharashtra, India
Pub. Date
03 January, 2022
Paper ID
V7I6-1426
Publisher
Keywords
Blockchains, Digital Tokens, Digital Assets, Smart-Contracts

Citationsacebook

IEEE
Prathamesh Ashok Vetkar, Chetna Achar. Blockchain NFTs, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Prathamesh Ashok Vetkar, Chetna Achar (2022). Blockchain NFTs. International Journal of Advance Research, Ideas and Innovations in Technology, 7(6) www.IJARIIT.com.

MLA
Prathamesh Ashok Vetkar, Chetna Achar. "Blockchain NFTs." International Journal of Advance Research, Ideas and Innovations in Technology 7.6 (2022). www.IJARIIT.com.

Abstract

Here we are going to discuss Blockchain non-fungible tokens, which is a unique and non-interchangeable unit of data stored on a blockchain, a form of digital ledger. In today’s world NFTs are giving more power to content creators than ever before. The phenomenal rise of cryptocurrency has opened up an era of possibilities. And NFTs, or non-fungible tokens, are riding on the age of this new technology. From art to music and pixelated images to toilet paper, these digital assets are selling like the proverbial hotcakes, some of them for millions of dollars. Thereby, we demonstrate the usefulness of NFTs to tokenize digital goods, prevent fraud and improve control over secondary market transactions.