Education

Should universities embrace NFTs?

From Times Higher Education: “Dozens of top US universities are stepping into the speculative world of NFTs, largely in sports-related initiatives seen as carrying potentially huge payoffs alongside major financial and educational risks. NFTs, or non-fungible tokens, are described as highly secure online files containing unique content – such as images or videos – that are priced, like rare art, based on the value that sellers and buyers understand them to represent. In an early sign of the possible windfalls for higher education, a private marketing company with more than 50 university partners said it held in March the first major online sale of college sports NFTs, selling its entire collection of 20,000 tokens within seconds.”

View the full article from Times Higher Education. [Subscription required.]