Proposal on NFT Minter for Blockchain-based Art-Work Trading System
Rupali Vairagade, Leela Bitla, Harshpal H. Judge, Shubham D. Dharpude, Sarthak S. Kekatpure
Abstract
NFT is an abbreviation for non-fungible token, which indicates it cannot be replaced or interchanged due to its unique features. It is just a digital asset which symbolizes online collectibles such as art, music, and games and is protected by an authentic certificate generated by the block-chain technology that underpins cryptocurrency. The most important use of NFTs nowadays is in digital material. NFTs boost content producers' revenues by powering a creator economy in which artists cede ownership of their work to the networks they use to advertise it. Keeping in mind we have developed a system where one can mint the desired artwork directly from the web app which is automatically added to his OpenSea marketplace with his metamask wallet address which he will be use to create the account on OpenSea. The artwork will spontaneously be visible in my collection section of OpenSea from where the person can do many things including the change in the price of Artwork (NFT) he owns and release it on sale or take it out for auction. Also, details like elements of the artwork and contract address are also available which provides access to view all the activities performed by that particular NFT.