NFT Marketplace

Project Title

NFT Marketplace

Project Area of Specialization BlockchainProject Summary

I am Building Blockchain based NFT marketplace  to display, buy/sell of None-Fungible-Tokens.

NFT marketplace is the new age marketplace for trading, selling, and buying digital works. With the growing popularity and increasing valuation of cryptocurrency, it is safe to assume that the marketplaces for NFTs and the whole blockchain network will stay in demand in the long run, which is why it is vital in recent times and the coming future.

Because of the increasing popularity of non-fungible tokens, developers have been working hard to create markets for these Assests. 

On the other hand, there are marketplaces dedicated to the needs of the high-end art world, as well as those that deal with files connected to certain online games or niche issues.

 NFTs are unique digital assets that cannot be exchanged for one another, unlike fiat money like the US dollar or ordinary cryptocurrencies like Bitcoin. Every token carries a unique value based on its distinct qualities and attributes,

Project Objectives

   1. BUILDING Blockchain based NFT MARKETPLACE

   2. LOCAL CURRENCY SUPPORT.

   3. CREATOR WILL RENT THE NFTS.

Project Implementation Method

we will build Blockchain based NFT marketplace with the help of prototype implementation model .

This design methodology is sometimes known as evolutionary design or incremental development. Different versions of prototyping are used in software design, system development, and electronics engineering."

A protoype is a sample implementation of the system. It provides limited and main functional capabilities of the proposed system. (moves in a circle) Build on earlier versions.

• Determine Objectives
• Develop
• Refine
• Demonstrate
• Test 
• Implement

Benefits of the Project

There are several benifits of a NFT marketplace in pakistan

one of them is that pakistani users who are willing to sell their art or any digital asset but they are unable to do it because every internal national plateform uses cryptocurrencies as an exchange method and crypto currency is prohibted in pakistan, this is the biggest benift for pakistani users that thay can easily buy/sell their art with the exchange of pakistani rupees in a secure (P2P) transaction method..

2nd benifit is for those users who are willing to have NFT but due to High prices of NFTs they cant afford it,so we are adding a rent option in our marketplace where seller can also rent an nft .

Technical Details of Final Deliverable

Expected Tools and Technology requirements

• Vs code
• Solidity
• React js frontend
• Nodejs backend
• Bootstrap
• FireBase
• Blockchain
• Metamask
• Ethereum

Final Deliverable of the Project Hardware SystemCore Industry ITOther Industries IT Core Technology BlockchainOther Technologies OthersSustainable Development Goals Decent Work and Economic GrowthRequired Resources

Item Name	Type	No. of Units	Per Unit Cost (in Rs)	Total (in Rs)
			Total in (Rs)	49500
Tablet	Equipment	1	30000	30000
Thesis print	Equipment	1	2500	2500
Domain	Equipment	1	2800	2800
Hosting	Equipment	1	7000	7000
Cloud charges	Equipment	1	5000	5000
Testing Fees	Equipment	1	1000	1000
USB	Equipment	1	1200	1200