We are exploring NFT in Bitcademy offer now.
It’s really exciting times in crypto space and we, in Bitcademy, are looking for the ways to utilize tokens to our needs as much as possible. As we want to store not only transactions but also data this is what we are looking for now. Blockchain of the future will not be a simple transactional ledger it will also carry valuable and sensitive information in the way we never imagined and it’s only the beginning.
A non-fungible token (NFT) on the blockchain is a token that represents a unique asset, either digital or physical. Such a token holds a unique string of metadata pertaining only to that specific unique asset. Therefore, an NFT cannot be replaced by any other token.
Non-fungible tokens allow you to detail more of the attributes that make them special — far beyond the name, balance, token supply and symbol. This is because you can include rich metadata about an asset and include information about ownership — and these authenticated details can ultimately add value because investors can be confident about its provenance.
How we can use them with Bitcademy:
- Players & transfers: Sports industry and non-fungible tokens are the perfect connection. Imagine being able to check a detailed history of player transactions within and between countries. Forget about FIFA TMS — we are talking about TMS on steroids working everywhere without any restrictions.
- Digital passport (credentials): Our passport can bring transparency to the areas troubled by lack of it. Imagine data that is collected and stored in the right place that you can’t tamper with. It can bring credibility to the remote areas and focus European clubs in search of talent in countries that no one imagined before.
