An NFT-Based Solution to Enhance Trust in Decentralized Marketplaces

The rise of blockchain has expanded the possibilities for asset representation, particularly through Non-Fungible Tokens (NFTs), which enable unique connections between digital and physical assets. Despite their potential, existing NFT systems face challenges such as high transaction costs and uncertainties related to the management and transfer of associated physical assets. This paper introduces a decentralized marketplace architecture designed to address these challenges, by making use of blockchain-based smart contracts, decentralized storage solutions, and trustless validation mechanisms. The proposed system separates ownership from possession, ensuring secure and transparent asset transfers. The architecture was then tested in a blockchain-based environment, demonstrating its economic viability. This work paves the way for decentralized asset management across various domains, such as rental services and remote logistics. By addressing existing challenges, the proposed architecture provides a usable and cost-effective solution that links digital and physical asset ecosystems while preserving the fundamental principles of blockchain technology.