Ed-NFTs
Educational Non Fungible Tokens to be used to created courses and published on edverse
Last updated
Educational Non Fungible Tokens to be used to created courses and published on edverse
Last updated
Ed-NFT concept video:
Ed-NFTs or Educational NFTs are assets like 3D models and 3D environments that are published on the blockchain. They have owners who can publish the NFT on the marketplace and earn from it.
Ed-NFTs are categorized into two types - Basic and Advanced, depending on how complex they are.
Basic: Generally a small 3D model with limited learning information is classified as a 'Basic' asset. An example of this is - the model below on Acid Rain. Edverse estimates that an average price of these NFTs on the market would be approximately USD 2,000. This value comes from its usefulness as a reference model for teachers to showcase concepts and help students visualize instantly. Hotspots available also let students learn form the model directly.
Advanced: Advanced assets have much more information embedded in them. It can be a very complex 3D model with layers in it, or it can be a 3D environment. For example, the Substation below. Edverse estimates that the average price of these NFTs on the market would be approximately USD 5,000, due to the massive potential to earn from this directly from learners.
How to earn from Ed-NFTs
Ed-NFTs are available to rent to Educators to create their immersive courses. A commission will be shared with the NFT owner.
Ed-NFTs can be sold on the marketplace to investors or other stakeholders. This will transfer ownership to the new Ed-NFT holder who can earn from that Ed-NFT.
What is the value of the Ed-NFT?
The Ed-NFT has an intrinsic value derived from future potential revenue by utilization in immersive courses and learning. This value is proportional to:
No. of Courses it is being used in
No. of Learners learning from those courses
The cost of the course subscription
The average user rating of the Ed-NFT
The total number of users who have rated the Ed-NFT
