NFTs: Learn The Basics, Challenges And Future Of Digital Ownership
32 min! Run Time
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What you'll learn
Skills covered in this course
Description
This course is designed to help you understand more about Non-Fungible Tokens (NFTs), the current players, and the ways these new assets are being deployed.
It looks at how these digital representations of art, images, videos, tickets, and online gaming items are slowly making their way into many different industries. It also examines some of the technical obstacles NFTs face, and why the user experience needs to be simpler if we are to see greater adoption.
You will then consider the future of NFTs and their role in the digital world of the metaverse, including the rise of digital twins and certificates created as NFTs unique to an appliance, a vehicle, or even a property.
Who is this course for? Anyone looking for more clarity about NFTs and how they are used by:
- Investors, as an alternative asset class alongside equities, bonds, and real estate.
- Collectors, since each NFT is unique or at least limited.
- Owners of intellectual property, who can use NFTs to resell digital versions of existing IP and earn ongoing income each time an NFT is resold in secondary trading.
- Game developers, who use NFTs to make gameplay more interactive and to reward players for their time and participation.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
NFTs: Learn The Basics, Challenges And Future Of Digital Ownership
This course will look at how these digital representations of art, images, videos, tickets, and online gaming items are creeping slowly into many different industries.
We will look at some of the obstacles that NFTs face technically and why the user experience when first engaging with NFTs arguably needs to be made simpler if we are to see greater adoption.
We will then consider what is the future of NFTs their role in the digital virtual world of metaverses and how we could see the rise of digital twins, certificates created as NFTs unique to an appliance, a vehicle or even a property.
Who Is The Course For?
Anyone looking for more clarity about NFTs and how they are being used by:
- Investors - as an alternative asset class such as equities, bonds and real estate.
- Collectors - as the very nature of NFTs is that each one is unique or at least limited
- Owners of Intellectual property – as we offer insight as to how IP owners are using NFTs to in effect resell digital versions of existing IP they own and possibly, more importantly, generate ongoing income from their NFTs each time the NFT is then resold in secondary trading. Compared to the current situation with physical IPs such as a picture where the artist receives an initial payment but no further income on any subsequent sale as their picture rises in value in the future.
- Game developers – to incentivise players to be more interactive in developing games as well as reward gamers (not gamblers) to play and, in effect, be rewarded for their time and participation. One of the real success stories in this field was Axie Infinity, whose market cap of its tokens in 2021 reached almost $10 billion. According to research from the Stratis platform, 47% of game developers are incorporating NFTs into their new online games