An NFT Marketplace for Graphic Artists in Bicol Region

Abstract

Non-fungible tokens (NFTs) are gaining popularity in the market, but graphic artists in the Bicol Region face challenges in marketability, resource allocation, and determining the best features of existing NFT marketplaces. The study aims to examine these issues and create an original NFT web platform in the Bicol Region that incorporates blockchain technology, a cryptocurrency, and a decentralized wallet. Users can earn up to US$91.8 million in a single NFT artwork when NFT products are sold. The system uses software development methodology and a design thinking process to help the researcher develop a system that benefits the graphic artists in Bicol. Users can mint, list, bid, sell, and purchase NFTs, and transactions are recorded in a blockchain with unique transaction identities. After the development of the system, vital information will be provided, such as more substantial information for readers interested in the NFT blockchain and may improve their knowledge about it.