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TokenFuse: A Versatile NFT Marketplace

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Computational Science and Its Applications – ICCSA 2023 Workshops (ICCSA 2023)

Part of the book series: Lecture Notes in Computer Science ((LNCS,volume 14109))

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Abstract

An NFT (non-fungible token) marketplace is a platform where people can buy and sell one-of-a-kind digital items such as art work, music, and videos. These items are represented by NFTs, which are not exchangeable for other tokens or assets and are stored on a blockchain. The growing use of blockchain technology and the desire for individuals to own and trade rare digital items have fueled the growth of NFT marketplaces. The purpose of this paper is to demonstrate the creation and working of an NFT marketplace named “TokenFuse” and discuss its features as well as the background technologies that keep it running. Our NFT marketplace uses the power of Inter Planetary File System (IPFS) Technology to provide artists with a unique and secure way to sell their original works as NFTs. In contrast to traditional marketplaces that rely on centralized servers and databases, our platform stores and distributes NFTs in a decentralized and peer-to-peer network, ensuring security and redundancy. It also provides a unique and cost-effective way for authors to monetize their works by taking advantage of blockchain technology. Our platform has extremely low fees, making it one of the most affordable options on the market.

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Author information

Authors and Affiliations

  1. National Institute of Technology Meghalaya, Shillong, Meghalaya, India

    Ch Sree Kumar & Diptendu Sinha Roy

  2. NIST Institute of Science and Technology (Autonomous), Berhampur, Berhampur, Odisha, India

    Ch Sree Kumar, Akshya Kumar Lenka & Surukati Asutosh Dora

  3. Institute of Engineering and Technology, GLA University, Mathura, U.P., India

    Ashish Sharma

  4. Department of Computer Science, University of Salerno, Fisciano, Italy

    Ugo Fiore

Authors
  1. Ch Sree Kumar
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  2. Akshya Kumar Lenka
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  3. Surukati Asutosh Dora
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  4. Ashish Sharma
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  5. Ugo Fiore
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  6. Diptendu Sinha Roy
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Corresponding author

Correspondence to Ugo Fiore .

Editor information

Editors and Affiliations

  1. University of Perugia, Perugia, Italy

    Osvaldo Gervasi

  2. University of Basilicata, Potenza, Italy

    Beniamino Murgante

  3. University of Minho, Braga, Portugal

    Ana Maria A. C. Rocha

  4. University of Cagliari, Cagliari, Italy

    Chiara Garau

  5. University of Basilicata, Potenza, Italy

    Francesco Scorza

  6. University of Massachusetts Medical School, Worcester, MA, USA

    Yeliz Karaca

  7. Polytechnic University of Bari, Bari, Italy

    Carmelo M. Torre

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© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG

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Sree Kumar, C., Lenka, A.K., Dora, S.A., Sharma, A., Fiore, U., Roy, D.S. (2023). TokenFuse: A Versatile NFT Marketplace. In: Gervasi, O., et al. Computational Science and Its Applications – ICCSA 2023 Workshops. ICCSA 2023. Lecture Notes in Computer Science, vol 14109. Springer, Cham. https://doi.org/10.1007/978-3-031-37120-2_12

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  • DOI: https://doi.org/10.1007/978-3-031-37120-2_12

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-031-37119-6

  • Online ISBN: 978-3-031-37120-2

  • eBook Packages: Computer ScienceComputer Science (R0)

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