ManiacNFT : An Application for NFT Marketplace

Abstract

Art is mankind's treasure, yet it is often concentrated in the hands of a few. We need a better trade mechanism and technological innovation to enable fair access to artworks. A solution to the problem can be found by using the NFT technology for the trade of artwork. NFTs make the future for the creators’ economy a little brighter, allowing artists to monetize their work by selling to eager collectors, while also collecting due royalties upon future resales of their works. This unique combination of blockchain with artworks provides a layer of security to the ownership of the artwork, and is restoring access to artworks for people from all regions.This research paper is about a decentralized marketplace application where one can buy and sell artworks in the form of NFTs digitally, providing the users with the facility to securely perform transactions of these NFTs that can be verified through Polygon blockchain.