Prof. Wolfgang Prinz, PhD is a professor at RWTH Aachen University and heads the cooperation systems department as deputy head of the institute at Fraunhofer FIT. He examines the challenges and opportunities of digitalization and develops solutions based on cooperation platforms, mixed reality and 5G. As co-founder of the Fraunhofer Blockchain Laboratory and head of the blockchain real laboratory Rheinisches Revier, he deals with blockchain-based applications.
The term NFT (Non Fungible Token) is attracting a lot of attention in the creative scene. But what exactly are NFTs and how do they work? In this masterclass, Prof. Wolfgang Prinz from RWTH Aachen University gives us an introduction to the world of NFTs. He explains the basics for both cryptocurrencies and NFTs and highlights the NFT concept with different examples to discuss its potential for new business models in the creative scene. Finally, Prof. Wolfgang Prinz gives an outlook into the implementation of the technology in the metaverse.