An NFT (non-fungible token) marketplace is a platform where people can buy and sell one-of-a-kind digital items such as art work, music, and videos. These items are represented by NFTs, which are not exchangeable for other tokens or assets and are stored on a blockchain. The growing use of blockchain technology and the desire for individuals to own and trade rare digital items have fueled the growth of NFT marketplaces. The purpose of this paper is to demonstrate the creation and working of an NFT marketplace named “TokenFuse” and discuss its features as well as the background technologies that keep it running. Our NFT marketplace uses the power of Inter Planetary File System (IPFS) Technology to provide artists with a unique and secure way to sell their original works as NFTs. In contrast to traditional marketplaces that rely on centralized servers and databases, our platform stores and distributes NFTs in a decentralized and peer-to-peer network, ensuring security and redundancy. It also provides a unique and cost-effective way for authors to monetize their works by taking advantage of blockchain technology. Our platform has extremely low fees, making it one of the most affordable options on the market.
TokenFuse: A Versatile NFT Marketplace
Fiore U.;
2023-01-01
Abstract
An NFT (non-fungible token) marketplace is a platform where people can buy and sell one-of-a-kind digital items such as art work, music, and videos. These items are represented by NFTs, which are not exchangeable for other tokens or assets and are stored on a blockchain. The growing use of blockchain technology and the desire for individuals to own and trade rare digital items have fueled the growth of NFT marketplaces. The purpose of this paper is to demonstrate the creation and working of an NFT marketplace named “TokenFuse” and discuss its features as well as the background technologies that keep it running. Our NFT marketplace uses the power of Inter Planetary File System (IPFS) Technology to provide artists with a unique and secure way to sell their original works as NFTs. In contrast to traditional marketplaces that rely on centralized servers and databases, our platform stores and distributes NFTs in a decentralized and peer-to-peer network, ensuring security and redundancy. It also provides a unique and cost-effective way for authors to monetize their works by taking advantage of blockchain technology. Our platform has extremely low fees, making it one of the most affordable options on the market.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
