Educational Applications of Non-Fungible Token (NFT)
Abstract
:1. Introduction
2. Literature Review
2.1. Education and Teaching Methods
2.2. Textbook
2.3. Micro-Credentials
2.4. Transcripts and Records
2.5. Scholarships and Entitlements
2.6. Masterclass and Content Creation
2.7. Learning Experiences
2.8. Registration and Data Capturing
2.9. Patenting, Innovations, and Research
2.10. Arts
2.11. Payments and Storage
2.12. Top 10 NFT Applications Mentioned in the Literature
NFT Application Papers: | [A] | [B] | [C] | [D] | [E] | [F] | [G] | [H] | [I] | [J] | [K] | [L] | [M] | [N] | [O] | [P] | [Q] | [R] |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Textbooks | ✓ | ✓ | ✓ | ✓ | ||||||||||||||
Micro-certificate | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||||||||
Transcripts and records | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |||||||
Scholarships and rights (entitlements) | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |||||||||||
Master class and content creation | ✓ | ✓ | ✓ | ✓ | ✓ | |||||||||||||
Learning experience | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |||||||||
Registration and data collection | ✓ | ✓ | ✓ | ✓ | ||||||||||||||
Patents, innovation, and research | ✓ | ✓ | ||||||||||||||||
Art | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||||||||||||
Payment and deposit | ✓ | ✓ | ✓ | ✓ |
3. Research Design and Methodology
4. Results
4.1. Current Education versus Education Combined with NFT
4.2. NFT Application in Education: Study Abroad
4.2.1. Eduloco Value
4.2.2. Eduloco Applied in the Metaverse
4.2.3. Analysis of Strengths and Weaknesses
4.3. NFT Application in Education: Borrowing and Trading Books
4.3.1. BooksGoSocial Value
4.3.2. Analysis of Strengths and Weaknesses
4.4. NFT Application in Education: Youth Technology Development
4.4.1. Bees2be Value
4.4.2. Bees2be Sales Analysis
4.4.3. Analysis of Strengths and Weaknesses
4.5. NFT Is Used in Education: Art
4.5.1. OMIA Learns the Value of the East and West
4.5.2. Taiwan Arts University Advancement Universe and Casting NFT
4.5.3. Art Revolution Taipei
4.5.4. Gust and Her Friends
4.5.5. Analysis of Strengths and Weaknesses
4.6. NFT Applied to Educational: Historical Works
4.6.1. KANDER’S China Royal Art
4.6.2. Analysis of Strengths and Weaknesses
5. Discussion and Conclusions
5.1. Discussion
5.1.1. Education Industry
5.1.2. Art Industry
5.2. Conclusions
Educational Applications of the NFT’s Impact on Sustainability
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Conflicts of Interest
References
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Ranking | Keywords | Count | Ranking | Keyword | Count |
---|---|---|---|---|---|
1 | Blockchain | 53 | 11 | World | 14 |
2 | NFT | 51 | 12 | Non | 13 |
3 | Educator | 44 | 13 | Fungible | 13 |
4 | Technology | 29 | 14 | Asset | 13 |
5 | Digital | 24 | 15 | Manage | 11 |
6 | Student | 23 | 16 | New | 11 |
7 | Use | 22 | 17 | Based | 11 |
8 | Token | 18 | 18 | Unique | 10 |
9 | Data | 15 | 19 | Secure | 10 |
10 | Learning | 15 | 20 | Application | 10 |
Current Education | Education Combined with NFT | |
---|---|---|
Certificate | Printed on paper, the authenticity of which is difficult to discern | Unique electronic barcode for easy verification |
Transcripts and records | Application process is cumbersome and difficult to retain for a long time | Easy application process for long-term storage |
Scholarship and entitlements | Cash or coupon payment | Issued in the form of tokens, which can be exchanged for courses |
Content creation | Publishers do not get a share of secondary sales of books | Publishers can set the commission and royalty for resale |
Learning experience | Your learning experience is not recorded | Learning experiences can be recorded and made available for viewing by those who request them |
Register | Use of paper or student ID card, making it difficult to distinguish the real from the fake | Registration using NFT method, data display details to avoid identity theft |
Patents | The application requirements are complicated, and some people have lost credit for their work because they could not apply for a patent | Sell directly on the Internet through NFT, lowering the threshold for publication and providing credit to owners through NFT |
Art | Need to consider the reality of the environment | You can enjoy your thoughts in the NFT world |
Payment and deposits | Payment by credit card or cash and deposited in a bank or other institution | Payments can be made with NFT and stored in NFT books |
Goal Commitment | % |
---|---|
Paying tribute to the mothers of the bees- Give back to the bee mothers and start preparing and building the infrastructure for the worker bees to work smoothly in the future | 25% |
The worker bees get to work- Start helping talented kids who may not have the opportunity to learn programming languages by providing them with a personal computer and programming language classes | 50% |
It’s time to buzz together- Exclusive club open | 75% |
A new, unique collection of NFTs will be released- All beekeepers will have the exclusive opportunity to receive these NFTs made by children and supported and nurtured by beekeepers on the eco-friendly SOLANA blockchain. | 100% |
Industry | Current | With NFT |
---|---|---|
Education industry | ||
Study abroad | ||
In class | Students must attend class in the classroom | Students take classes from home via the Internet |
Accommodation | Students must spend additional money to find a home | Students can live in their homes |
Teachers | Teachers must be present in the classroom | Teachers can take classes online |
Buy Books | Money must be used to purchase | Available for purchase with NFT tokens |
Textbook | ||
Book category | Physical books as the main, e-books as a supplement | E-Books |
Book purchase | Purchase in physical stores or online | Purchase directly on the Internet |
Book sales | Sold on the Internet or at second-hand bookstores | Sold directly on the Internet |
Book publishing | Many things need to be prepared before publishing | Can be directly posted on the Internet for sale |
Publishers | No revenue from books sold | Royalties can be set for sale to gain revenue |
Energy consumption | Printed and delivered to the purchaser’s home to produce a carbon footprint | Electricity consumption for casting |
Course/Training | ||
Buy course | Purchase a course to study. | There are other added values besides learning after purchase |
Member services | No member service | Exclusive club membership |
Industry | Current | With NFT |
---|---|---|
Architecture industry | ||
Architects | ||
Creation | Creating in the real world. | Creating in a new space or cyberspace. |
Sale | No further revenue can be earned after the work is sold. | Royalties can be set to be earned upon resale. |
Value | Collecting and reselling. | Collect, resell, and interact with buyers. |
Art industry | ||
Art and historical works | ||
Watch | Visitors have to visit the exhibition (e.g., National Museum). | Directly viewing on the web. |
Works sale | Artists usually sell their works through art exhibitions. | The works can be sold on cyberspace. |
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Wu, C.-H.; Liu, C.-Y. Educational Applications of Non-Fungible Token (NFT). Sustainability 2023, 15, 7. https://doi.org/10.3390/su15010007
Wu C-H, Liu C-Y. Educational Applications of Non-Fungible Token (NFT). Sustainability. 2023; 15(1):7. https://doi.org/10.3390/su15010007
Chicago/Turabian StyleWu, Chih-Hung, and Chien-Yu Liu. 2023. "Educational Applications of Non-Fungible Token (NFT)" Sustainability 15, no. 1: 7. https://doi.org/10.3390/su15010007