Sungkyunkwan University is a South Korean private comprehensive research university. The institution’s roots may be traced back to the famous Sungkyunkwan, which was founded in 1398 and is located in central Seoul. Sungkyunkwan University said on Monday that it will distribute the country’s first university honours in the form of a non-fungible token (NFT) at a graduation ceremony later this week.
Moon Kyung-won, a pharmacy major, will be among numerous students who will receive NFT-based diplomas of the university’s prizes during the Wednesday graduation ceremony, according to the school. According to the news reports, they are the first official university diplomas ever issued in crypto asset type.
#SouthKorea-based Sungkyunkwan University on Monday said it will present the country's first university awards in the format of the non-fungible token (#NFT) in a graduation ceremony this week. pic.twitter.com/OzUM2Ji42J
— IANS Tweets (@ians_india) February 14, 2022
According to the university, the NFT certificate is not prone to loss or duplication and will serve as an official document. T-Series, Asia’s largest music label, has announced its entry into Non-Fungible Tokens (NFTs) in collaboration with Hefty Entertainment, a branch of Hungama, one of South Asia’s major digital media entertainment firms. This industry-first venture for the global digital entertainment sector will see the two leaders increase the level of entertainment development and consumption through Hefty Entertainment, a Web 3.0 effort by Hungama.