Pearson PLC has revealed plans to integrate non-fungible tokens (NFTs) and blockchain technology into its operations to enable the company to earn a cut from the resale of its educational books.
In his words:In the analog world, a Pearson textbook was resold up to seven times, and we would only participate in the first sale.
Unlike bitcoin (BTC) and other cryptocurrencies, the uniqueness of non-fungible tokens allows for the tokenization of things that exist in the real world as NFTs.
From artworks to photos, down to songs and academic papers, virtually everything can now exist on the blockchain via NFTs.
This feature of NFTs has made them one of the most important use cases of blockchain technology.
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