Description
This course is designed to help understand more about Non-Fungible Tokens (NFTS), the current players and the ways that these new assets are being deployed.
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
What you'll learn
Learn what Non-Fungible Tokens (NFTs) are and how they work.
Understand the different types of NFTs, including online games, art, tickets and Digital Twins.
Recognise the size of the NFT market and the importance of secondary markets to help create a royalty income for owners of IP.
Study examples of NFTs in the categories of online gaming, sports, museums, films and artists.
Learn the technical aspects of NFTs, such as regulation, storage, ownership and platforms.
Look to the future of NFTs, including the Metaverse, brands for research or monetising existing IP, Facebook, Microsoft and the rise of Digital Twins.
Learn how to keep up to date with an introduction to Digital Bytes.
Sysem Requirements
Microsoft Internet Explorer or higher +is preferred, Microsoft Edge, Google Chrome latest, iPad iOS latest Tablet only, Mac OS . or . PC only Apple Safari or , Android Google Chrome latest. Course playback is not recommended for mobile phones. For optimal playback, it is also recommended that learners close all other browser windows when viewing a course.
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