An NFT—short for nonfungible token—is a speculative, digital asset that is unique and cannot be replicated or replaced. People often compare NFTs to original works of art; while many people own prints or replicas of the Mona Lisa, Leonardo da Vinci’s original painting hangs in the Louvre. Also like art, an NFT’s value depends on how many other people would pay to own it, and how much they would pay.
Seems to apply to NFTs as well as hay. |
Berkeley auctioned the NFT via Foundation, an online marketplace for NFTs. Using an existing platform like this one is a good way for colleges and universities to experiment with NFT auctions, said Jeremy Coffey, a senior associate attorney at Perlman and Perlman who counsels nonprofits on digital currency and new fundraising platforms...
Full story at:
https://www.insidehighered.com/news/2022/01/20/colleges-cash-nfts-new-fundraising-mechanism.
No comments:
Post a Comment