ARCHIVES
NFTKART - A NFT Market place
¹²³⁴Undergraduate Students, Information Technology Department, Institute of Technology and Management GIDA Gorakhpur, Uttar Pradesh, India.
Published Online: May-June 2023
Pages: 528-532
Cite this article
↗ https://www.doi.org/10.59256/ijire.20230403118Abstract
View PDFAbstract:A non-fungible token (NFT) is a new kind of blockchain-based token that is unique and indivisible. They were first introduced in late 2017. Fungible tokens have pioneered new use cases such as initial coin offerings, but the value of his NFTs as a component is still unknown. This study fills a gap in theoretical and practical knowledge by demonstrating the effectiveness of NFTs in the event ticketing arena. Using a rigorous design science research approach, we design, build, and extensively evaluate a prototype event ticket system based on NFTs. As a result, we demonstrate how NFTs can be used to tokenize digital products, reduce fraud, and increase control over secondary market transactions. We also provide generalizable information on the benefits and challenges of NFTs and their implications for researchers and practitioners.
Related Articles
2023
A Mobile Application to Promote the Idea of Recycling
2023
Web Based Printing Press Management System (WBPPMS)
2023
Review: CFD Analysis Of triangular, square and Circular Shaped Helical Coil Heat Exchanger by Using Titanium Oxide Nano fluid
2023
Review: Steady and Transient Thermal Analysis of 100 Cc Engine at 3000c, 5000c & 7000c
2023
Overview of Advancement of Inventory Models for Deteriorating Items with Time Based Uniform Price
2023
Enhanced Dynamic Voltage Restorer for Improving the Power Quality Using RETO Algorithm
2023
Steady and Transient Thermal Analysis of A Splendor Engine at 5000c & 8000c
2023
Crop Disease Detection Using Neural Network and Machine Learning Algorithms
2023
Digital Electronics Uses In Real Life Applications
2023
NEP 2020: Implementation Challenges


