Non-fungible tokens, decentralized autonomous organizations, Web 3.0, and the metaverse in education: From university to metaversity

Abstract

The pandemic has accelerated technological advances in higher education. Learning management systems that make use of the persistent platform, a wide range of communication options, and profoundly immersive qualities quickly become the platform of choice for learning management systems. The blockchain enables non-fungible tokens (NFTs) and uses the blockchain architecture to validate college diplomas and transcripts, opening the way for a diverse variety of e-portfolios owned and shared by students and teachers. Another type of blockchain that is relatively new to the education scene is decentralized autonomous organizations (DAOs). Through this, technology courses, certificates, and more can become automated and authenticated on the blockchain. The current state of the web is rapidly evolving into what is known as Web 3.0. It is the emerging evolution of the internet to make it machine-readable, which includes leveraging technologies such as artificial intelligence (AI), the cloud, and distributed ledger technologies such as blockchain. From the perspectives of the university and the metaverse, this paper discusses the shift in education brought about by NFTs, DAOs, Web 3.0, and the metaverse. The powerful mix of Web 3.0 and the metaverse is about to revolutionize the way people learn and teach in the modern world.