Blockchain Based NFT Marketplace

Abstract

NFTs are rights that can be transferred to digital assets like pictures, films, or music. Since the beginning of 2019, the phenomena and its markets have expanded dramatically. Since a few years ago, there have been an increasing number of NFT marketplaces. For the storage of digital assets or files, most of them use "centralized systems". In this paper, we suggest a safe exchange for exchanging NFTs, which are digital assets. Users will be able to upload fresh digital assets and swap them for cryptocurrencies based on Ethereum. Additionally, we want to investigate if a decentralized file system is technically feasible. By doing this, we want to solve the problem of gas costs and file storage while keeping it affordable. Also, this project is an attempt to advocate the use of blockchain technology