Efficient Plan for Art Transaction Through Non Fongible Token(NFT)

Abstract

This study is aimed to examine how art works are traded through Non Fongible Token(NFT) that are different from the existing trade methods such as galleries, auctions, and art fairs in art trade. It also analyzes how art trades such as game items are traded through NFT. Furthermore, it is intended to place appropriate values to the works created through NFT, have clear ownership, and avoid hacking when collectors try to buy at NFT exchanges. Lastly, in relation to the environment, is to closely monitor whether or not it causes environmental problems like the existing virtual currency, and to achieve 'efficient art trade' with a more eco-friendly system. By doing so, it is possible to lower the price of works and increase the number of collectors and artists who buy and sell artworks by partially dividing the works of art that have risen in the offline market as the transaction method through NFT, which is different from the existing transaction method, rises in the offline market. This can be seen as a great help to job creation and income increase in the art industry from the industrial point of view. The scope of this research is that what is Blockchain?, what is NFT?, NFT and games, NFT and arts, Interview with 2CEO, NFT and art transactions, advantages and disadvantages of art transactions through NFT, analysis results ,conclusions and limitations. As for the research method, the data were qualitatively investigated and analyzed through interviews with major related companies, literature study and case analysis, and legal review of the supervisory body.