• Teslin Seby V

The Non-Fungible Token (NFT) market is mushrooming in recent years. The concept of NFT originally comes from a token standard of Ethereum, aiming to distinguish each token with distinguishable signs. This type of token can be bound with virtual/digital properties as their unique identifications. With NFTs, all marked properties can be freely traded with customized values according to their ages, rarity, liquidity, etc. It has greatly stimulated the prosperity of the decentralized application (DApp) market. The thousand fold return on its increasing market draws huge attention worldwide. However, the development of the NFT ecosystem is still in its early stage, and the technologies of NFTs are pre-mature. Newcomers may get lost in their frenetic evolution due to the lack of systematic summaries. This study mainly aims to explain technical terms, security threats, opportunities and challenges of this investment alternative

NFT, Ethereum, Decentralized application

"Non-Fungible Token (NFT): Overview, Opportunities and Challenges", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 5, page no.c670-c674, May-2022, Available :http://www.jetir.org/papers/JETIR2205387.pdf

"Non-Fungible Token (NFT): Overview, Opportunities and Challenges", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 5, page no. ppc670-c674, May-2022, Available at : http://www.jetir.org/papers/JETIR2205387.pdf