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NFT finance Leveraging Non-Fungible Tokens

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NFT finance Leveraging Non-Fungible Tokens ( nft-finance-leveraging-non-fungible-tokens )

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4.2 • The manager has no access to the funds or the ERC-721 tokens held by the smart contracts. Moreover, if a loan or lease is already active he is unable to pause the function or end it. Similarly, if they are pending, the ability to cancel is not pausable. DAO: An alternative implementation would have been to create a "decentral- ized autonomous organization". This would have required the development of an ERC-20 token offered in exchange for Ether and used to vote on the platform. The holders could have taken part in the decisions regarding the future devel- opment of the platform and the smart contracts. This would be useful in the long term since it would create a crypto-economy and incentivize users to invest and contribute to the development of the plat- form. However, for the scope of the project it would not add any additional func- tionality or improve the user experience. DApp client In this section we will discuss the development of the front-end application which enables users to interact with the smart contracts and completes the experience of using this decentralized application (DApp). We will go over the components and their connections and we will discuss the services and libraries used. We will not be going over the UI/UX decisions which will be detailed in the User Experience section. 4.2.1 Technologies used We have decided to build a website for the dApp and we expect our users to have a Web3 enabled browser or to use a browser extension that acts as a Web3 provider (such as MetaMask). The technologies used for the front-end of the website and to manage the logic of the components are the following: • React: a Javascript library used to update and render the UI. [48] It was used in the project to manage and create the Front-End. • Redux: a Javascript library used to store and manage state. [49] It was used to hold the data from the smart contract and OpenSea APIs. • Web3.js: a collection of libraries used to manage the connection to Ethereum. [50] It was used to connect to our smart contract and the user’s wallet. • Axios: a Javascript library that can be used to perform HTTP requests. [51] We used it for connecting to the OpenSea APIs. 46

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