NFT Mining

Authors

  • Nicky Vaz
  • Sagar Thorat

Keywords:

Blockchain, NFT, Smart contract, Ethereum, cryptocurrency

Abstract

The idea behind Non-Fungible Token (NFT) really derives from an Ethereum token standard that aims to provide each token a distinct identity using recognizable indicators. Tokens of this type can be connected to digital attributes to serve as their individual identifiers. Through NFTs, all pronounced parcels can be freely traded with values that are based on their times, peculiarities, liquidity, and so on. The total amount of plutocrat used on closed NFT trades is USD. Its addition request receives a thousandfold return, garnering widespread media attention. NFT ecosystem growth is still in its early stages, and NFT technologies are still in their infancy. Due to the lack of systematic summaries, beginners risk becoming lost in their illogical elaboration. We investigate various facets of the NFT ecosystems in this report (exploration paper).

Published

2023-03-31