Sungkyunkwan University in South Korea announced on Monday that it will offer the country’s first non-fungible token (NFT) awards at a graduation ceremony this week.
Moon Kyung-won, a pharmacy major, will be among numerous students who will receive NFT-based certificates of the university’s awards at the school’s graduation ceremony on Wednesday, according to the school.
According to the Yonhap news agency, these honours are the first-ever official university credentials delivered in the crypto asset type.
An NFT is a non-interchangeable data unit kept on a blockchain that may be owned and exchanged like digital items like films or avatar apparel.
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The NFT certificate, according to the institution, is unaffected by loss or duplication and will serve as an official document.
(With inputs from IANS)