Project Proposal (MINI PROJECT )
Project Title
NFT Marketplace for Digital Art and Collectibles
Team Members:
Md Rizabul 2K22/SE/114
Shahrukh Khan 2K22/SE/160
Date:
5/11/2024
1. Introduction
In recent years, Non-Fungible Tokens (NFTs) have become a popular medium for representing
digital art and collectibles. However, the current NFT marketplace landscape is competitive, and
many platforms lack user-centered design, transparent ownership tracking, and artist-focused
features. This project aims to develop a user-friendly, secure, and transparent NFT marketplace that
empowers both artists and collectors by leveraging blockchain technology.
2. Project Objectives
The primary objectives of this project are:
1. Create a Decentralized NFT Marketplace: Build a platform where users can mint, buy,
and sell digital art and collectibles as NFTs.
2. Enable Secure Ownership and Transfer: Implement secure, immutable records of
ownership and transfers using blockchain.
3. Empower Artists with Royalty Features: Allow artists to set royalties, enabling them to
earn a percentage from future sales of their art.
4. Provide a User-Friendly Experience: Design a simple, intuitive interface for users to
browse, purchase, and manage NFTs, ensuring an engaging user experience.
5. Ensure Scalability and Interoperability: Build the platform to handle growing traffic and
integrate with standard digital wallets, including MetaMask.
3. Project Scope and Features
The project will include the following core features:
1. NFT Minting: Artists can create and upload digital artwork, minting it as an NFT on the
blockchain.
2. NFT Marketplace: Users can browse and purchase NFTs through auctions or fixed-price
sales.
3. Wallet Integration: Integration with popular crypto wallets like MetaMask for
authentication and transactions.
4. Royalty System for Artists: A smart contract feature allowing artists to earn royalties on
future resales.
5. Ownership Tracking and Transfer: A transparent transaction history for each NFT,
showing the ownership chain.
4. Technical Approach
Frontend Development
• Framework: React or Next.js to build a responsive, dynamic UI.
• Wallet Integration: Use Web3.js or Ethers.js etc , to connect with wallets for
authentication and transaction signing.
• UI Components: Include sections for browsing, detailed NFT views, and a user dashboard.
Backend and Blockchain Development
• Smart Contracts: Use Solidity to develop smart contracts on the Ethereum blockchain for
NFT minting, transferring, and royalty mechanisms.
• Blockchain Standards: Use ERC-721 for unique tokens or ERC-1155 if a semi-fungible
token standard is preferred.
• Metadata Storage: Store NFT metadata and images on a decentralized storage solution like
IPFS for security and immutability.
Security Measures
• Smart Contract Audits: Implement best practices in smart contract coding to avoid
vulnerabilities.
• Fraud Prevention: Use token gating, CAPTCHA, and other techniques to secure
transactions and minimize fraudulent activity.
Testing and Deployment
• Testing: Conduct smart contract testing on local and test networks (e.g., Rinkeby or Goerli)
using tools like Hardhat or Truffle.
• Deployment: Deploy the frontend on platforms like Vercel or Netlify etc, and the smart
contracts to a blockchain network.
5. Expected Outcomes
By the end of this project, we expect to have a functional, deployed NFT marketplace where:
• Users can mint, buy, and sell NFTs with secure ownership tracking.
• Artists can set royalties and earn from resales.
• The platform demonstrates a seamless, user-friendly experience with wallet connectivity.
6. Project Impact and Future Scope
This project will offer valuable experience in blockchain development, smart contract creation, and
user-centered design. Furthermore, it can be expanded in the future to support features like multi-
chain integration, social sharing for NFTs, and additional marketplace functionalities such as
auctions or limited-edition drops.
