Level: BA/MA
Responsible Person: Dr. Dany Kamuhanda
Keywords: Web3, NFT, Blockchain

Web3 consists of decentralized apps such as marketplaces that allow users to mint, sell and buy digital assets in the form of non-fungible tokens (NFTs) [1]. One popular example is the OpenSea NFT marketplace [2]. Although digital assets such as images can be accessed and downloaded by anyone, the authenticity and ownership of associated NFTs are preserved on blockchain. This project aims to investigate human readiness and perception in using Web3 apps with emphasis on marketplaces.
The project consists of developing an easy-to-use NFT marketplace that allows users to mint, sell their NFTs and buy NFTs listed by other users and conducting the usability study. Web development libraries will be used to develop user interfaces while blockchain will be used for data storage [3].
The goal is to understand the user experience and perceptions on using Web3 marketplaces and key requirements for their success.

Reference:
[1] M. Dowling, “Is non-fungible token pricing driven by cryptocurrencies?,” Financ Res Lett, vol. 44, 2022, doi: 10.1016/j.frl.2021.102097.
[2] B. White, A. Mahanti, and K. Passi, “Characterizing the OpenSea NFT Marketplace,” in WWW 2022 - Companion Proceedings of the Web Conference 2022, 2022. doi: 10.1145/3487553.3524629.
[3] H. Salem, M. Mazzara, H. Saleh, R. Husami, and S. M. Hattab, “Development of a Blockchain-Based Ad Listing Application,” in Lecture Notes in Networks and Systems, 2022. doi: 10.1007/978-3-030-99584-3_4.