NFT HUB—The Decentralized Non-Fungible Token Market Place

Abstract

In today’s digital environment, content ownership is a huge issue. Monetization for material such as artwork, photographs, novels, gifs, and memes is not possible on any social networking platform. This project enables digital creators and owners to produce and sell customized crypto assets that serve as proof of ownership and aid in detecting and preventing digital content counterfeiting and copying. It is also used to raise the ownership standards for digital content. A non-fungible token can be made out of any digital file. NFTs are files that are tracked using the same blockchain technology that is used to support cryptocurrencies such as Bitcoin and Ethereum. This system allows buyers and sellers to keep track of who owns which files. A Non-Fungible Token (NFT) defines a non-transferable data unit that may be bought and traded on a digital ledger described as a Blockchain. Web content such as photography, videos, and audio files can be linked using a variety of NFT data units. NFTs vary from exchangeable cryptocurrencies like bitcoin in that each token is uniquely identifiable. We can identify the owners of digital content and provide remuneration to the creators of digital content using the NFT marketplace. Digital assets, such as cryptocurrencies and tokens, are supported by blockchain technology. Tokens are typically created utilizing smart contracts on top of the blockchain network. Blockchain is a new technique that can solve a variety of problems, such as ten birds with one bullet. As a result, there is no need to discover answers to each and every difficulty with Blockchain. In the next 5–10 years, Blockchain technology will be embraced by 20 different sorts of companies. Blockchain is a decentralized system that solves the issues that centralized systems have. Blockchain combines peer-to-peer networks with cryptographic techniques to create a safe and secure platform for application development.