Non Fungible Tokens Project

Project Title

Non Fungible Tokens Project

Project Area of Specialization BlockchainProject Summary

Non-fungible tokens (NFTs) are cryptographically unique tokens that are linked to digital (and sometimes physical) content, providing proof of ownership. Non-fungible tokens are digital assets that contain identifying information recorded in smart contracts.  It’s this information that makes each NFT unique, and as such, they cannot be directly replaced by another token. They cannot be swapped like for like, as no two NFTs are alike. NFT stands for Non-Fungible Token. Something that is "fungible" can be exchanged with an equivalent item For example, a $5 bill with another $5 bill. Meaning Replaceable. which use a digital public record of transactions called a blockchain

Project Objectives

The Objective for this project is to explore the new technology web 3.0 and the NFT space selling NFTs on market place like OpenSea.
Web 3.0 is a first step towards decentralization, from this project we want to learn and adapt to blockchain technology.

Project Implementation Method

We will create and deploy smart contracts using solidity as programming language on test network and deploy on main net of Ethereum blockchain on the day of launch.

After the smart contracts are finalized we will build our NFT artwork and create a  marketing strategy to show case it to public to get attraction from the community and then sell it on Ethereum blockchain of OpenSea MarketPlace

Benefits of the Project

The benefits of this project is to explore the new technology web 3.0 and the NFT space selling NFTs Ethereum blockchain providing the community utillities and get financial benefits on market place like OpenSea.

Technical Details of Final Deliverable

We will use 

1. React as Front-End for the main website
2. Solidity Programming Language for Smart Contracts 
3. NodeJs to handle backend 
4. Hosting Service to Host the Artwork

Final Deliverable of the Project Software SystemCore Industry EducationOther Industries Others Core Technology BlockchainOther Technologies OthersSustainable Development Goals Industry, Innovation and InfrastructureRequired Resources