Intro to Tokenization: Metaverse for Education Newsletter Issue #6
Hello Educators & Friends!
Web3 is taking 2022 by storm. The tech is getting more advanced but the underlying concepts aren't all that new.
Let’s talk tokens. Educators have been using the concept of tokens in their classrooms for ages. Earning a tangible asset for an intangible behavior is a common practice for incentivizing outcomes. Tokenization in web3 follows the same principle.
Tokenization is an umbrella term describing the secure transfer of data and information into a tangible asset (a token) with ownership rights. There are many different types of tokens and use cases, including: art (NFTs), social tokens, crypto tokens, data storage tokens, learning tokens, and more. Each token holds different types of data and can be fungible or non-fungible. Check out this week’s issue below to learn about all the different types of tokens.
These unique use-cases can gamify a possibly equitable world where curators, creators, and learners are incentivized to engage. But we have to be careful to avoid an extrinsically incentivized existence.
In related news, 2022 has already been a whirlwind for k20 Educators & k20 DAO. We have emerged as leaders in web3 for education & we’re consulting for school districts and Edtech companies on web3 professional learning (email web3@k20educators.com for more info). And the DAO has been iterating it’s whitepaper & operations under the stealth 100 members, gearing up for it’s public launch in March. And of course, we’re elated to meet you in the Eduverse this Spring.
Sending warmth and soon, k20 tokens too.
Yours,
Vriti & k20 Educators
Learn about the Metaverse for Education
What does tokenization mean?
What is a token?
An excellent in-depth guide to tokenization
📹 Tokenizing money is turning technology into power
Benefits & examples of tokenization
The fundamental differences between cryptocurrencies & tokens
Crypto tokens vs. cryptocurrencies vs. altcoins
How to value crypto: understanding tokenomics
🔈 A transformation on how we invest in physical assets
🔈 A live debate on tokenizing real world assets (a bit heady)
🔈 DeFi tokenization explained
4 types of token offering scams (must read)
Uses cases for tokenization
..in Education
From web3 to ed3 (skip to accreditation section for tokens)
Education and the token economy
A token backed by university students & adopted by 500 institutes
📹 Tokenization in education example (start at 30:41)
...in Communities
Social tokens and why they matter
How are social tokens different from NFTs?
Tokenizing time; an asset you can buy & trade
Could Airbnb be tokenized?
Using token incentives to bootstrap new networks
..in Real Estate
Land & properties as tokens
Tokenizing luxury resort & vacation property
Buying a private island & tokenizing it
..in Music & Media
Why the New York Times should be tokenized
Tokenizing music experiences
Tokenizing music content for artists, curators, and listeners
..in Data Storage
Storage coins secure decentralized data storage
...in Retail
Brands working to generate value with consumers
To learn more about non-fungible tokens (NFTs), check out our previous newsletter.
Do Something in the Metaverse
Buy a token
All token purchases require the creation of a digital wallet. Since there are so many types of tokens, here are three places you can figure out what you want to buy:
Create a token
Create custom tokens for crowdfunding, trading, governing or paying
Launch your own social tokens
Launch a brand token
How to create a Polygon token
📹 How to create your own crypto token
🗓️ Events
The Future of Tokenization conference (Jan 31, 2022, free)
The Non-Fungible Teaching Show (next: Feb 1, 2022, free)
Web3 token economy in education AMA (Feb 4, 2022, free)
Bigger than Blockchain live podcast (Feb 8, 2022, free)
NFTs for young artists (Feb 10, 2022, free)
This week’s Metaverse for Education newsletter was an intro to Tokenization. More to come on NFTs, DAOs, cryptocurrency, blockchain, & more. We’re excited to bring education into the Metaverse & help you leverage the opportunities in the new world.
Join our community of innovative educators in the Eduverse.