Development and Management of NFT Projects

Abstract

NFTs have changed the outlines of digital assets and rights, creating new possibilities for identifying and trading digital products. This technology allows the development of future-proof linked digital assets with significant uses in sectors like art, gaming, real estate, and fashion. NFTs impact and change ownership and provenance in these fields while creating new economic models and engaging users. This paper proposes the methodology for the development and management of NFT projects. The development of a prototype of an NFT fashion project is shown to explore the potential of adopting the proposed method. The developed NFT fashion project gives a clear approach to implementing and managing NFT projects using agile methodologies. The proposed NFT project also proposes tools for creating NFT collections, blockchain technology for developing and deploying smart contracts for conducting business transactions, and web technologies for developing an NFT marketplace.