Sungkyunkwan University (SKKU), a top private university in Suwon, South Korea, seeks to add flavour to its graduation ceremony slotted onFebruary 16, by offering (non-fungible token) NFT certificates to three graduators because of their excellent performance in school.
According to local news coverage, the announcement reads:
“If the certificate is made with NFT, the advantage is that the original can always be kept without the risk of loss or forgery, and can be used as an official certificate anytime, anywhere.”
Moon Kyung-won, a 10th-grade pharmacy graduate, will be the primary recipient of the NFT award because he far outweighed his 40 hours graduation requirement by clocking 284 hours of volunteer work, mentoring and guiding children from North Korea refugee families.
Sungkyunkwan University acknowledged that its decision to use NFTs was reached because they are inspired by blockchain technology, giving the content a unique recognition value by transforming images, music, and pictures into a non-replicable format.
The university added:
“It is a customized event for Generation Z who are interested in virtual assets and metaverses, and it is also a small consolation for ‘corona students’ who have lost their campus life due to the Corona 19 situation.”
SKKU also plans to streamline on-campus administrative services through blockchain technology.
To woo young investors, South Korean presidential candidates have announced crypto-friendly measures, given that the nation has more than 5 million individual crypto accounts.
Therefore, Generation Z might be a game-changer in the presidential elections slated for next month because smartphone ownership among this group reached 91% this year.
Furthermore, the average level of trading experience has formed a highly receptive population to crypto assets.
Crypto and stocks have emerged as an ideal investment vehicle for young South Koreans who grapple with high rent in places like Seoul.
Image source: Shutterstock
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