A Live Provenance & Movement Monitoring System for Digital and Physical Art

Although the global art industry is adjusting to digital trends, it is still troubled by forgery, losing information about a work’s past, and the difficulty in tracking all artworks at any time. This research proposes a new framework, NFTraX-ART, that leverages dynamic Non-Fungible Tokens (dNFTs), IoT smart tags, and blockchain to enable live tracking, smooth ownership transfers, and a clear asset history for art. Unlike static NFTs, dNFTs keep changing as metadata that shows where they are now, who owns them, their exhibition history, and their official appraisal information is updated. As for physical artworks, Internet of Things technology with location and movement sensors continuously sends this data to the blockchain to confirm their authenticity and provide clear traceability. Using smart contracts, royalties are automatically applied, all transactions are validated, and alerts are sent when any movements are made outside the programmed areas. Thanks to this mode, the system connects digital and physical worlds, making it safe and straightforward to track essential art pieces. It outlines the important steps for the methodology, the smart contract code, and the simulation process, and checks how the model stacks up against today’s static NFT platforms. According to the results, blockchain systems are more accurate, safer, and track transaction history. Thanks to NFTraX-ART, everyone involved has a secure, up-to-date record of every artwork. Using this approach, NFTs take on an active role in the tracking system, helping change how art is possessed, transferred, and appreciated in the art trading world.

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