Business
Meten EdtechX to Apply Non-Fungible Token for Digital Copyright in Online Education
SHENZHEN, China, June 14, 2021 /PRNewswire/ -- Meten EdtechX Education Group Ltd. (Nasdaq: METX) ("Meten EdtechX" or the "Company"), one of the leading
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[{"type":"text","content":"SHENZHEN, China, June 14, 2021 /PRNewswire/ -- Meten EdtechX Education Group Ltd. (Nasdaq: METX) (\"Meten EdtechX\" or the \"Company\"), one of the leading omnichannel English language training (\"ELT\") service providers in China, today announced that the Company plans utilize non fungible token (\"NFT\") technology to verify authenticity to protect copyright of the courseware created by education experts and teachers, prevent piracy, empower the education industry, and motivate teachers.\nNFT is a unit of data recorded on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can represent ownership of nearly any real or intangible property in digital form. Examples range from plots of virtual land in multi-user platforms, programmable art, to ownership records for physical assets. Because they are unique and impossible to replicate, they can bridge the gap between the virtual and the physical economies, offering a huge market of valuable digital goods that can be scaled, collected, and traded.\nBy leveraging blockchain technology and NFTs, the Company strives to take the lead in enhancing the digitalization, innovation, and decentralization of the overall education industry. The Company has kept up closely with the changes in digital copyright and expects to push forward the reform and upgrade of entire industry. \nAbout Meten EdtechX\nMeten EdtechX is one of the leading ELT service providers in China, delivering English language and skills training for Chinese students and professionals. Through a sophisticated digital platform and a nationwide network of learning centers, the Company provides its services under three industry-leading brands: Meten (adult and junior ELT services), ABC (primarily junior ELT services) and Likeshuo (online ELT). The Company offers superior teaching quality and student satisfaction, served by cutting edge technology deployed across its business, including AI-driven centralized teaching and management systems that record and analyze learning processes in real time.\nThe Company is committed to improving the overall English language competence of the Chinese population to keep abreast of the rapid development of globalization. Its experienced management is focused on further developing its digital platform and expanding its networ...