Rewarding Developers by Storing Applications on Non-Fungible Tokens
Document Type
Article
Publication Date
5-1-2023
Abstract
Non-fungible tokens (NFTs) are individual tokens with valuable information stored inside them over blockchain technology. They can be purchased and sold like other physical and virtual art pieces because their worth is mostly determined by the market and demand. The unique data of NFTs render it simple to verify and authenticate their ownership and transfer of tokens between owners. However, in Pakistan, developers cannot acquire different licences to accomplish their projects not because they cannot afford it, but because they cannot invest in every piece of software to accomplish each new sensitive task. Rather, they can render the product platform independent. Considering this technology, this paper provides IT professionals with a new NFT approach and business policies that solely belong to the information technology domain. In addition, this paper also introduces how NFT tokens can hold software applications. Since we can store files, we can let NFTs also store complete applications to help developers in further utilising virtuality and having the metaverse at their fingertips. Whenever they succeed in a project, they never receive rewards, and their skills only pay the bills. In a nutshell, this paper presents a prototype of NFTs that would be further polished to save and utilise applications in a decentralised manner while rewarding the developers.
Keywords
non-fungible tokens (NFTs), Ethereum, information technology (IT), blockchain, smart contract
Divisions
Computer
Funders
National Science and Technology Council in Taiwan under grant number NSTC110-2511-H-035-002-MY2
Publication Title
Mathematics
Volume
11
Issue
11
Publisher
MDPI
Publisher Location
ST ALBAN-ANLAGE 66, CH-4052 BASEL, SWITZERLAND