• Title/Summary/Keyword: NFT Blockchain

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Classification of NFT Security Issues and Threats through Case Analysis

  • Mi-Na, Shim
    • International Journal of Internet, Broadcasting and Communication
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    • v.15 no.1
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    • pp.23-32
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    • 2023
  • Since NFTs can be used like certificates due to the nature of blockchain, their use in various digital asset trading markets is expanding. This is because NFTs are expected to be actively used as a core technology of the metaverse virtual economy as non-transferable NFTs are developed. However, concerns about NFT security threats are also growing. Therefore, the purpose of this study is to investigate and analyze NFT-related infringement cases and to clearly understand the current security status and risks. As a research method, we determined NFT security areas based on previous studies and analyzed infringement cases and threat types for each area. The analysis results were systematically mapped in the form of domain, case, and threat, and the meaning of the comprehensive results was presented. As a result of the research, we want to help researchers clearly understand the current state of NFT security and seek the right research direction.

NFT Utilization Method in e-Sports

  • Chung Gun, Lee;Su-Hyun, Lee
    • Journal of the Korea Society of Computer and Information
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    • v.28 no.2
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    • pp.47-53
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    • 2023
  • In this paper, based on the generalization and popularization of NFT, the utilization idea of using NFT in e-sports was proposed. We considered ways to utilize NFTs to make access to e-sports easy for all users and to secure users from various age groups. To this end, cases of NFTs with diversity in e-sports platforms were analyzed by type, and the degree of use of NFTs in e-sports was identified through a survey. As a result of the study, it was found that the NFT experience in the e-sports game was highly satisfactory and the desire to experience it again was strong. As NFTs have ownership and scarcity as important characteristics, they can respond well to the demand for owning unique items in e-sports. In addition, in marketing, by promoting limited edition products with scarcity, it is possible to promote marketing that creates value with high profitability. When using NFT in e-sports, various NFT functions are combined regardless of the type of sport, so NFT can become an economic infrastructure.

A Reliable Problem Trading Web Platform Using NFT Blockchain and Deep Learning (NFT 블록체인과 딥러닝을 활용한 신뢰성 있는 문제 거래 웹 플랫폼)

  • Byung-Ook Ryu;Eun-Hye Gwon;Ji-Ho Shin;Dong-Ju Jung;Byung-Jeong Lee
    • Proceedings of the Korea Information Processing Society Conference
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    • 2023.05a
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    • pp.318-319
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    • 2023
  • 본 연구에서는 다양한 문제들을 ELECTRA를 통해 문제의 유형을 분류하고, 그것을 기존의 문제들과 유사도 평가를 진행하여 문제의 표절 여부를 확인한다. 유일성이 입증된 문제는 이더리움 기반의 블록체인을 사용하여 NFT 기술을 통해 문제를 NFT로 발행하여 거래한다. 최종적으로 표절하지 않았음이 검증된 문제를 NFT를 통해 거래함으로써 문제의 저작권 및 권리를 웹 플랫폼을 통해 거래할 수 있도록 한다. 본 논문에서는 이러한 문제 거래 웹 플랫폼 설계를 기술하며, 본 플랫폼은 문제를 쉽게 거래할 수 있도록 지원하여 문제 거래 활성화에 기여할 것이다.

Performance Analysis of Consensus Algorithm considering NFT Transaction Stability (NFT 거래 안정성을 고려한 합의알고리즘 성능분석)

  • Min, Youn-A;Lim, Dong-Kyun
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.22 no.2
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    • pp.151-157
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    • 2022
  • In this paper, the performance of various blockchain consensus algorithms was compared and analyzed as a method to increase the transaction cost and processing time during NFT transactions and to increase the transaction stability requirements that occur during smart contract execution. Network reliability and TPS are evaluation items for performance comparison. TPS and the stability of the Consensus algorithm are presented for three evaluation items. In order to establish a standardized expression for each evaluation item, the reliability of the node and the success rate of the smart contract were considered as variables in the calculation formula, and the performance of the consensus algorithm of the three groups, PoW/PoS, Paxos/Raft and PBFT, was compared under the same conditions. / analyzed. As a result of the performance evaluation, the network reliability of the three groups was similar, and in the case of the remaining two evaluation items, it was analyzed that the PBFT consensus algorithm was superior to other consensus algorithms. Through the performance evaluation equations and results of this study, it was analyzed that when the PBFT consensus processing process is reflected in the consensus process, the network reliability can be guaranteed and the stability and economic efficiency of the consensus algorithm can be increased.

Prospect Analysis for Utilization of Virtual Assets using Blockchain Technology

  • Jeongkyu Hong
    • Journal of information and communication convergence engineering
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    • v.22 no.1
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    • pp.64-69
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    • 2024
  • Blockchain is a decentralized network in which data blocks are linked. Through a decentralized peer-to-peer network, users can create shared databases, resulting in a trustworthy and aggregated database known as a blockchain that enhances reliability and security. The distributed nature of the blockchain enables data to be stored on multiple nodes, eliminating the need for a central server or platform. This disintermediation significantly reduces the transaction and administrative costs. The blockchain is particularly valuable in applications where reliability and stability are critical because it establishes an open database that ensures data integrity, making it virtually impossible to tamper with or falsify data. This study explores the diverse applications of the blockchain technology in virtual assets, such as cryptocurrency, decentralized finance, central bank digital currency, nonfungible tokens, and metaverses. In addition, it analyzes the potential prospects and developments driven by these innovative technologies.

A Study on NFT Automatic Minting System Using Blockchain and Recommendation System (블록체인과 개인화 추천 알고리즘을 활용한 NFT 자동 발행 시스템에 관한 연구)

  • Lee, Jong-Heon;Yun, Sung-Jun;So, Sung-Min;Moon, Sang-Heyeok;Baek, Seun-woo
    • Proceedings of the Korea Information Processing Society Conference
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    • 2022.11a
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    • pp.958-960
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    • 2022
  • 본 논문에서 블록체인과 개인화 추천 알고리즘을 통해 사용자 데이터 기반의 카페 정보를 추천하는 시스템과 Non-Fungible Token(NFT) 자동 발행 시스템을 구축하는 방법을 제안한다. Matrix Factorization를 활용한 추천 알고리즘을 통한 맞춤형 카페 정보를 추천한다. 또한 Klaytn을 통한 KIP-17 형태의 NFT를 자동 발급하는 시스템을 제안한다.

Verification System Using NFT to Prevent Profile Impersonation Crime (프로필 사칭 범죄를 방지하기 위해 NFT를 이용한 검증 시스템)

  • Kim, Ho-Yoon;Lee, Won-Seok;Shin, Seung-Soo
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2022.10a
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    • pp.354-356
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    • 2022
  • Profiles are the most basic means of representing who you are, and you represent yourself. In SNS and chatting apps that use profiles the most, profiles are used to express their experiences, moods, and thoughts. However, in voice phishing, impersonation crimes, etc., they steal and impersonate a photo such as a profile, and then deceive the victim into committing a crime. In this paper, to prevent the crime of impersonation, the authenticity of the original is determined using NFT that can distinguish the original. Minting the original profile picture with NFT, registering it on the blockchain network, and storing the original file in off-chain IPFS. This is expected to be effective in preventing impersonation crimes because it is possible to easily determine the authenticity of the profile picture.

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Impact Analysis of Abolition of Royalty on Non-fungible Tokens Market (로열티 폐지가 대체 불가능 토큰 시장에 미치는 영향분석)

  • Eun Mi Lee
    • The Journal of the Convergence on Culture Technology
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    • v.9 no.6
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    • pp.365-370
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    • 2023
  • Royalty contributed to the development of the non-fungible token (NFT) ecosystem as a reward system that pays a portion of the sales to the creator whenever transactions occur. This study quantitatively analyzes the impact of the abolition of royalties, which is being expanded by some NFT marketplaces, on the NFT market, and qualitatively analyzes the results of the impact. The analysis results are as follows. First, the number of NFT mints is decreasing by causing creators to leave the NFT market and reducing new entry. Second, major NFT projects have refused to trade with marketplaces that have abolished royalties, leading to a decrease in the number of transactions. Third, the abolition of royalties has undermined the motivation of NFT creators to continue to develop their projects, leading to a drop in NFT floor prices. This study is expected to contribute to reducing the current negative impact in the short term by suggesting how the NFT community provides incentives to owners who voluntarily pay royalties independently of the policy of the NFT marketplace. In addition, it suggests that in the long run, fundamental solutions to the problem of abolishing royalties require improvements in technology related to royalty payments, cooperation between NFT marketplaces and NFT creators, and institutional support related to royalties.

A Case Study of eSports' NFT utilization and Discussion of Activation Plan (e스포츠의 NFT 활용 사례와 활성화 방안 논의)

  • JaeHun Kim
    • The Journal of the Convergence on Culture Technology
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    • v.9 no.2
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    • pp.493-502
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    • 2023
  • The development of online content is changing the value of society very diversely and rapidly. In particular, the non-face-to-face e-sports industry is growing significantly in the current situation where the COVID-19 Pandemic has not been completely overcome. The use of NFT in the eSports industry is receiving positive reviews as a field with high potential for future growth that protects digital assets of eSports users, but at the same time, it is raising concerns that cash transactions of digital items could encourage gambling. In this study, the characteristics of the recent eSports industry and NFT were identified and classified through case studies using literature, official sites, and online news articles. Through various cases of eSports and NFT, we discussed the potential for future growth and activation plan of the NFT industry of eSports. The result is as follows. First, it is necessary to use NFT using IP of eSports event itself. Second, it is necessary to combine the functional role of the item with NFT to provide features that users can utilize. Third, it is necessary to provide users with opportunities to engage in economic activities using eSports and NFT. Finally, it is necessary to use NFT to strengthen the digital asset protection of eSports users. Through this study, it is expected to be used as a basis for further discussions on the NFT industry of e-sports and as a material for securing competitiveness.

Design of DID-based Verification Protocol for Strengthening Copyright Holders' Sovereignty (저작권자의 주권 강화를 위한 DID 기반 검증 프로토콜 설계)

  • Kim, Ho-Yoon;Shin, Seung-Soo
    • Journal of Industrial Convergence
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    • v.20 no.9
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    • pp.47-58
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    • 2022
  • Digital content is difficult to distinguish between the original and the replica due to its nature. For this reason, NFT technology using blockchain technology is attracting attention because it can guarantee the proof and scarcity of the original digital content. However, the NFT buyer does not own the copyright to the digital content, but the ownership. In particular, since the minting process of issuing NFTs is possible for anyone, there is a copyright threat to the copyright holder. In this study, we propose a verification protocol based on DID for the process of issuing and transacting NFTs for copyright protection of copyright holders' digital contents. As a research method, the problems of research cases related to digital contents were analyzed and the safety was comparatively analyzed. NFT issuance can only be issued by copyright holders whose identity has been verified through DID, and only users who have completed authentication can participate in the transaction to prevent indiscriminate theft and use of digital content and form a safe and transparent transaction market.