This South Korean university is going to issue NFT certificates to students

The Sungkyunkwan University of South Korea has announced that it will issue certificates to its three students in Non-fungible token format. The recent announcement was made on 14 February that these certificates will be distributed at the online graduation ceremony, dated 16 February. 

The three students will be given the certificates, who won the institution’s in-school competitions. The South Korean university will be the first to present its official certificate in crypto-asset format. 

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University said that NFT certificates would be helpful as they can be accessed and presented as official proof of graduation. There will be no risk of losing the original copy and not even forging its duplicate copies as a digital copy. 

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Sungkyunkwan University has multinational electronics giant Samsung’s backing, which partnered with the university and sponsoring since 1996. The university will further use blockchain technology to issue other certificates as part of its digital transformation. 

Non-fungible tokens or NFTs based on Blockchain technology give the content in digital format a unique identity. At present, NFTs are grabbing attention as the newest form of digital assets because they can transform any image, picture, music or video, any content into not replaceable and no replicable format. 

Other than the Samsung backed university, South Korean universities like Soongsil and Chung-Ang University have recently partnered with local blockchain developers. The partnership will incorporate NFT and metaverse technologies for their graduate program. 

Those three students receiving the first NFT certifications are Moon Kyung-won, Lee Ga-Hyeon and Kim Chae-Hyun. Moon is a pharmacy graduate of 10th grade who participated in the ‘Graduation Success Story Contest’ and received the grand prize. 

Lee is a Korean Language and Literature student who won the grand prize in the ‘Graduation Celebration Video Contest’. And lastly, Kim, who’s a student of the Department of English Language and Literature, will get the NFT certificates.