Samsung-funded university uses NFTs at graduation

Students from three schools will receive NFTs for winning in-school competitions.

Samsung-funded university uses NFTs at graduation

The 16th of this month will mark the day when Sungkyunkwan University will award NFT certificates during its graduation ceremony. Students from three schools will receive NFTs for winning in-school competitions.

Local media reports indicate that Sungkyunkwan University intends to use blockchain technology to issue other kinds of certificates as part of its digital evolution to facilitate campus administration.

In 1996, electronics giant Samsung renewed a previous partnership with the university that had spanned the 1960s and 1970s.

Other South Korean universities, such as Soongsil University and Chung-Ang University, have also partnered with local blockchain developers in recent years to implement NFT and metaverse technologies.

NFT technology is typically used by foreign universities to produce and distribute official documents.

NFT certificates can serve as official proof of graduation anywhere without causing any risks of losing the originals or fearing forgeries.

Meanwhile, it appeals largely to the next generation, who are drawn to virtual assets and metaverses. As a consolation for students who might miss their campus life due to COVID-19, it is a small step in the right direction.

A student who won the top prize in the 'Graduation Success Story Contest' is Moon Kyung-won, who graduated from 10th grade as a pharmacy student.

Kim Chae-Hyun, a student in the Department of English Language and Literature, and Lee Ga-Hyeon, a graduate student in the Korean Language and Literature Department, will also receive the NFT awards.