President of China Academy of Art Economics: NFT mechanism can be used to cast digital assets during the development of new forms of digital economy

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Cointime2023/11/01 02:45

By:Cointime

Ximu, the dean of the China Academy of Art and Economics, professor, and doctoral supervisor, stated that in the development of new forms of digital economy, digital technology itself does not create credit, but it can use the NFT (non-fungible token) mechanism to create digital assets. Digital credit is not the application of digital technology or the use of digital technology to depict technology itself. In other words, it is not a method itself, but based on digital infrastructure, it relies on comprehensive digital technology to achieve real-time, transparent, multi-dimensional presentation and management of the entire transaction process, and ultimately ensures the authenticity and high quality of the construction, circulation, and trading of digital assets, thereby establishing trust in the process.

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