An Analysis of Zero-knowledge Proof-based Privacy-preserving Techniques for Non-fungible Tokens in the Metaverse

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Zelenyanszki, D
Hou, Z
Biswas, K
Muthukkumarasamy, V
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2023
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Kyoto, Japan

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Abstract

Non-fungible tokens (NFTs) have huge potential to be included in metaverse-related applications such as digital ownership management and asset trading. However, existing research identified that privacy-preserving techniques and methods are essential for NFTs for large-scale adoption in the metaverse. This paper conducted an analysis of several existing research works that mainly use zero-knowledge proofs (ZKPs) and/or commitments to protect privacy for blockchain applications. Based on the results of this comparative analysis, we deducted several assumptions. This paper identifies the potential next steps to design new privacy-preserving techniques that will enable privacy-aware metaverse users to leverage the maximal benefits of the NFTs.

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2023 IEEE International Conference on Metaverse Computing, Networking and Applications (MetaCom)

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This work is covered by copyright. You must assume that re-use is limited to personal use and that permission from the copyright owner must be obtained for all other uses. If the document is available under a specified licence, refer to the licence for details of permitted re-use. If you believe that this work infringes copyright please make a copyright takedown request using the form at https://www.griffith.edu.au/copyright-matters.

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Data management and data science

Networking and communications

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Zelenyanszki, D; Hou, Z; Biswas, K; Muthukkumarasamy, V, An Analysis of Zero-knowledge Proof-based Privacy-preserving Techniques for Non-fungible Tokens in the Metaverse, 2023 IEEE International Conference on Metaverse Computing, Networking and Applications (MetaCom), 2023, pp. 670-673