A Methodological Approach of Development of an NFT Project

Abstract

This paper explores the development of the NFT (Non-Fungible Token) project, with a focus on methodology for NFT project and development of an NFT collection. Firstly, the paper provides the definition of NFT and its relationship with blockchain technologies. The paper also offers a short analysis of existing NFT projects and domains of their applications. Proposed methodology describes in detail the steps in the development of the NFT project, mostly focusing on practical development of the collection. The technical aspects of the project are being explored, including 3D model making, collection generation, wallet creation, smart contracts and minting using current technologies and tools. Marketing strategy is also briefly analyzed, highlighting the role of creators on platforms for NFT trading. The most important contribution of the paper is the development of a methodological approach for creation of an NFT project.