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ABSTRACT
The emerging trend of Non-fungible tokens continues to take the digital world by storm, redefining the way we view blockchain transactions. This work focuses on the impact of Non-fungible tokens and aims to see the effect of a decentralized NFT marketplace and how it contributes to mass adoption of NFTs and develop proper use cases of NFTs. It focuses on the design, implementation and documentation of Freedom in Decentralization (FID) Gallery, a decentralized marketplace for trading collectibles, digital art and NFTs. It also examines the various standards of NFTs, how to create an NFT and the problems affecting the technology of non-fungible tokens in today’s digital world.
KEYWORDS: non-fungible tokens, fungible tokens, blockchain, smart contracts, digital arts, collectibles, intellectual property theft, non-fungible token marketplace, decentralized finance
