You read it here first! Educational NFTs!
NFTs are “non-fungible tokens,” meaning unique, digital signifiers of something “real.” What does that mean?
Let’s say you buy an airline ticket. You’ll receive a boarding pass, which might be sent as an image. That image would be a. unique and b. valuable. So that’s the real-world “signified.”
Through NFT technology you could create a unique place on the blockchain that shows your ownership of that image, i.e. you could sell it. This isn’t a perfect analogy because airline tickets aren’t transferable, but you get the idea. There is a “minting” process whereby a unique place on the blockchain for that resource; that place is the NFT.
Most commonly think of art when they think of NFTs, i.e. the famous cryptopunks. Although maybe their value came mostly from their novelty and rarety, NFT’s are here to stay and are going to be disruptive in many fields.
I have come up with the notion of “educational NFT,” whereby learning artifacts get minted and eventually, will be for sale.
The image below is the first in a collection that will arise from the Catalyst Proposal Assessor Peer Learning and Assessment project.
I believe this artifact already gives valuable data about the motivations of people in Catalyst community to get involved with development activities. Note in this case we are also paying a bounty of $300 USD to those who complete the tasks.