• Title/Summary/Keyword: NFT Blockchain

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Prospects & Issues of NFT Art Contents in Blockchain Technology (블록체인 NFT 문화예술콘텐츠의 현황과 과제)

  • Jong-Guk Kim
    • Journal of Information Technology Applications and Management
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    • v.30 no.1
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    • pp.115-126
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    • 2023
  • In various fields such as art, design, music, film, sports, games, and fashion, NFTs (Non-Fungible Tokens) are creating new economic value through trading platforms dedicated to NFT art and content. In this article, I analyze the current state of blockchain technology and NFT art content in the context of an expanding market for blockchain-based NFT art content in the metaverse. I also propose several tasks based on the economic and industrial logic of technological innovation. The first task proposed is to integrate cultural arts on blockchain, metaverse, and NFT platforms through digital innovation, instead of separating or distinguishing between creative production and consumption. Before the COVID-19 pandemic, there was a clear separation between creators and consumers. However, with the rise of Web 3.0 platforms, any user can now create and own their own content. Therefore, it is important to promote a collaborative and integrated approach to cultural arts production and consumption in the blockchain and metaverse ecosystem. The second task proposed is to align the legal framework with blockchain-based technological innovation. The enactment and revision of relevant laws should focus on promoting the development of the NFT trading platform ecosystem, rather than merely regulating it for user protection. As blockchain-based technology continues to evolve, it is important that legal systems adapt to support and promote innovation in the space. This shift in focus can help create a more conducive environment for the growth of blockchain-based NFT platforms. The third task proposed is to integrate education on digital arts, including metaverse and NFT art contents, into the current curriculum. This education should focus on convergence and consilience, rather than merely mixing together humanities, technology, and arts. By integrating digital arts education into the curriculum, students can gain a more comprehensive understanding of the potential of blockchain-based technologies and NFT art. This article examines the digital technological innovation such as blockchain, metaverse, and NFT from an economic and industrial point of view. As a limitation of this research, the critical mind such as philosophical thinking or social criticism on technological innovation is left as a future task.

A Study on Blockchain-Based Mass NFT Content Minting

  • Byong-Kwon Lee
    • Journal of the Korea Society of Computer and Information
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    • v.28 no.5
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    • pp.49-56
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    • 2023
  • Currently, e-commerce is changing from a digital twin to a metaverse world. The metaverse world is an intermediate form between virtual and real worlds and is operated as a coin-based meta-commerce. In this meta-commerce world, blockchain-based NFT coins are used when trading items (contents). In this study, we studied how to issue a large number of NFT coins (certification) rather than issuing a single type of NFT. The research method was designed to produce content layer-based and automatically create the desired quantity using a mass NFT index and automatic generation method. In this study, a layer overlap method (background, body, etc.) was used with a Phyton-based program for mass minting. As a result, it can be used as a blockchain-based certificate that can prove a group of many people. In addition, the content created with the NFT index was registered on the NFT sales site to confirm its utilization and value.

A user friendly NFT platform for Digital Assets (디지털 자산을 위한 사용자 친화적인 NFT 플랫폼)

  • Nitin Bhagat;Jong-Wook Bae;Su-Hyun Lee
    • Proceedings of the Korean Society of Computer Information Conference
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    • 2023.07a
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    • pp.447-450
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    • 2023
  • Blockchain technology has paved the way for the rise of non-fungible tokens(NFTs) in recent years. NFTs enable the unique ownership of digital assets and harness the power of blockchain's transparency and decentralization. However, existing NFT platforms often pose barriers to entry for the public due to their technical complexity and high issuance costs. To address the problem, this paper proposes a user-friendly NFT platform with a simplified issuance process. A home page is created to allow easy NFT issuance for anyone. These advancements are expected to foster the growth of the NFT market and facilitate the development of new business models.

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Blockchain consensus research for NFT-based digital asset transaction (NFT 기반 디지털 자산 거래를 위한 블록체인 합의 연구)

  • Baek, Yeong Tae;Min, Youn A
    • Proceedings of the Korean Society of Computer Information Conference
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    • 2021.07a
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    • pp.111-112
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    • 2021
  • 비대면 사회 확산에 따라 디지털 콘텐츠 등 온라인상으로 거래가 관리되는 디지털 자산의 거래가 증가하고 있다. 영상 및 이미지 등 디지털 자산의 경우 창작자가 자산에 대한 충분한 대가를 받지 못하고 불법 거래 내역에 대한 파악이 어렵다. 본 논문에서는 NFT적용을 통한 효율적 디지털 자산 관리를 위하여 신뢰성과 보안을 강화한 블록체인 합의알고리즘을 연구하고 성능평가를 통하여 기존 합의알고리즘 대비 우수성을 증명하였다.

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A Study on Technology to Counter Copyright Infringement According to NFT Transaction Types

  • Kim, Cheong Ghil
    • Journal of the Semiconductor & Display Technology
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    • v.20 no.4
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    • pp.187-191
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    • 2021
  • In the digital world, the transactions of assets with intrinsic value can be applied to games, literature, art, and music by issuing NFTs (Non-Fungible Tokens) based on Blockchain; various NFT exchanges are emerging accordingly just like real world asset exchanges. However, there could be an issue of copyright infringement in those NFT transactions. Therefore, this paper has classified the types of copyright infringement that may occur in NFT exchanges and proposes the copyright infringement countermeasures according to them. For this purpose, 10 types of NFT exchange are examined. Eventually, it can be expected that the proposed countermeasures will contribute to the revitalization of the NFT market by providing solutions for those issues.

Contract-based Access Control Method for NFT Use Rights

  • Jeong, Yoonsung;Ko, Deokyoon;Seo, Jungwon;Park, Sooyong;Kim, Seong-Jin;Kim, Bum-Soo;Kim, Do-Young
    • Journal of the Korea Society of Computer and Information
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    • v.27 no.11
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    • pp.1-11
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    • 2022
  • In this paper, we propose an NFT(Non-Fungible Token)-based access control method for safely sharing data between users in blockchain environment. Since all data stored in the blockchain can be accessed by anyone due to the nature of the technology, it is necessary to control access except for authorized users when sharing sensitive data. For that, we generate each data as NFT and controls access to the data through the smart contract. In addition, in order to overcome the limitations of single ownership of the existing NFT, we separated the NFT into ownership and use rights, so that data can be safely shared between users. Ownership is represented as an original NFT, use rights is represented as a copied NFT, and all data generated as NFT is encrypted and uploaded, so data can be shared only through the smart contract with access control. To verify this approach, we set up a hypothetical scenario called Building Information Modeling (BIM) data trade, and deployed a smart contract that satisfies 32 function call scenarios that require access control. Also, we evaluated the stability in consideration of the possibility of decryption through brute-force attack. Through our approach, we confirmed that the data can be safely shared between users in blockchain environment.

A Delphi study on how to vitalize the blockchain-based NFT

  • Sang-yub Han;Ho-kyoung Ryu
    • Journal of the Korea Society of Computer and Information
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    • v.29 no.6
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    • pp.77-87
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    • 2024
  • In this paper, we propose a study applying the Delphi technique to domestic blockchain experts to determine urgent and pivotal conditions for NFT proliferation. We examine these conditions from a PEST (Political, Economic, Social, and Technological Analysis of the Macro Environment) perspective, as well as the functions of digital assets (measurement, storage, and exchange). Through two rounds of expert surveys on the seven NFT perspectives, we identify 6 activating factors that can help guide future policy-making for the NFT market. These factors have broad implications for the development of new industries using blockchain technology and tokens. The Delphi method employed in this study is a group discussion technique that gathers opinions from experts anonymously through two rounds and to address drawbacks related to expert selection bias and opinion alignment, additional opinion collection and review of projections were conducted in each round.

Analysis of the Current Status of NFT Art and Methodology on Utilizing Domestic Artworks (NFT예술 현황 분석과 국내 미술작품 활용방안 연구)

  • Lee, Ahn
    • The Journal of the Convergence on Culture Technology
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    • v.8 no.6
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    • pp.215-222
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    • 2022
  • This study summarizes the basic concepts of NFT art and analyzes trends in the domestic and international NFT market to provide a better understanding of the art form to suggest various ways to utilize the art in near future when social interests in technologies such as metaverse, block chain, and NFTs are continuously increasing. In addition, by examining the rapid development and process of blockchain technology in overseas markets, and confirming cases of information transfer to various metaverses such as cryptocurrency and NFT technology, the aim is to present a foothold for the future direction of national arts in general. To this end, in order to analyze consumers' perceptions and preferences, and to draw conclusions about current NFT arts at home and abroad, a survey was conducted on NFT awareness among participants of an art fair in Gwangjin-gu, Seoul. It is hoped that this study will become a cornerstone of research on NFT works and NFT art industry, which is becoming a global issue.

A Study on Non-Fungible Token Platform for Usability and Privacy Improvement (사용성 및 프라이버시 개선을 위한 NFT 플랫폼 연구)

  • Kang, Myung Joe;Kim, Mi Hui
    • KIPS Transactions on Computer and Communication Systems
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    • v.11 no.11
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    • pp.403-410
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    • 2022
  • Non-Fungible Tokens (NFTs) created on the basis of blockchain have their own unique value, so they cannot be forged or exchanged with other tokens or coins. Using these characteristics, NFTs can be issued to digital assets such as images, videos, artworks, game characters, and items to claim ownership of digital assets among many users and objects in cyberspace, as well as proving the original. However, interest in NFTs exploded from the beginning of 2020, causing a lot of load on the blockchain network, and as a result, users are experiencing problems such as delays in computational processing or very large fees in the mining process. Additionally, all actions of users are stored in the blockchain, and digital assets are stored in a blockchain-based distributed file storage system, which may unnecessarily expose the personal information of users who do not want to identify themselves on the Internet. In this paper, we propose an NFT platform using cloud computing, access gate, conversion table, and cloud ID to improve usability and privacy problems that occur in existing system. For performance comparison between local and cloud systems, we measured the gas used for smart contract deployment and NFT-issued transaction. As a result, even though the cloud system used the same experimental environment and parameters, it saved about 3.75% of gas for smart contract deployment and about 4.6% for NFT-generated transaction, confirming that the cloud system can handle computations more efficiently than the local system.

Development of NFT Platform for Improvement of Accessibility to Domestic Users (국내 사용자 접근성 향상을 위한 NFT 플랫폼 개발)

  • Lee, Hyo-Sang;Oh, Jin-woo;Oh, Am-suk
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2022.10a
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    • pp.233-235
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    • 2022
  • The purpose of this paper is to develop a platform using NFT, which serves as a certificate for the service of Web 3.0, which is being decentralized and utilized in connection with blockchain technology. The NFT platform is a platform that can smoothly use platforms that existed only overseas in Korea, and develops a platform using Klaytn to increase accessibility by solving problems such as ETH fees and transmission speeds. Through the NFT platform using Klaytn, domestic users can expect high utilization through easier accessibility and can be used for metaverse, games, etc.

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