Curatorial Note

Project Topic: NFTs and Cryptocurrencies using Blockchain

Members: Simran Arora, Lalit Chowdhury, Shrey Sheth, Arunav Dongre, Chetan Sai

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. At the time of writing (May 2021), the total money used on completed NFT sales has reached 3453064986 USD.

The thousandfold 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 premature. Newcomers may get lost in their frenetic evolution due to the lack of systematic summaries. In this technical report, we explore the NFT ecosystems in several aspects. We start with an overview of state-of-the-art NFT solutions, then provide their technical components, protocols, standards,

and desired proprieties.

We are working on an interactive media showcase that delves into the dynamic realms of cryptocurrency and Non-Fungible Tokens (NFTs). This immersive experience is meticulously crafted to demystify the intricate world of digital assets, providing an engaging and educational journey for enthusiasts and newcomers alike.

Embark on a captivating exploration through the evolution of cryptocurrencies, unraveling the technological marvels that underpin decentralized finance. Our showcase combines cutting-edge visuals, interactive displays, and informative narratives to elucidate the transformative impact of blockchain technology on the financial landscape.

Delve deeper into the realm of NFTs, where the digital meets the tangible. Witness the fusion of art, technology, and ownership rights as we showcase a curated collection of NFT masterpieces, highlighting the creativity and innovation thriving in the digital art space. Engage with interactive installations that explain the process of minting, buying, and trading NFTs, demystifying the sometimes complex concepts for a broader audience.

Whether you're a seasoned crypto enthusiast or a curious newcomer, our interactive media showcase promises an enlightening and entertaining experience, providing a comprehensive understanding of the revolutionary forces shaping the future of digital assets. Join us on this captivating journey into the heart of cryptocurrency and NFTs, where innovation meets imagination.

Project Resources: We are using a book, The Comprehensive Guide to NFTs, Digital Artwork, and Blockchain Technology. Along with this, we are using research papers to corroborate our research.

https://arxiv.org/abs/2105.07447

https://www.nature.com/articles/s41598-021-00053-8

Project Inspiration: We decided to make a project on this because there is not enough awareness in the people when it comes to dealing in NFTs and Cryptocurrencies. If someone is asked what is an NFT, only a small percentage would be able to correctly explain it. We decided to explain it using interactive media since it is necessary to understand it as the use of it increases in the coming years.

Beyond the Block

Curatorial Note

Beyond the Block