NFTs

NFT
Type: Vocabulary
Topic: |
Level:
Originally published on January 4, 2023 and last updated on May 24, 2023
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Exploring NFTs (Non-Fungible Tokens) provides an exciting avenue for ESL students to expand their English proficiency. Not only does this contemporary topic engage students with cutting-edge technology and art discussions, but it also introduces complex economic and legal terms.

Engaging with this real-world, culturally relevant content encourages language use in diverse contexts, hence enhancing comprehension, fluency, vocabulary and critical thinking skills.

Instructions:
Go through the vocabulary below with your students and ask them to try and use this vocabaulry where possible when discussing the different conversation questions.

What Are NFTs?

Non-fungible tokens, or NFTs, are unique digital assets. They are frequently used in the realms of art and collectibles, where they can prove the authenticity and ownership of a digital asset.

NFTs are held on a blockchain, a decentralised distributed ledger that enables safe and transparent record-keeping. This makes it difficult to counterfeit or otherwise compromise NFTs.

In recent years, NFTs have garnered significant interest, with some selling for millions of dollars at auction.

NFTs are not, however, without controversy. Some argue that they contribute to the commodification of art and that only wealthy individuals are able to participate in the market.

Others have raised concerns about the environmental impact of the energy-intensive process of creating and storing NFTs on the blockchain. Despite these criticisms, NFTs show no signs of slowing down.

Useful Vocabulary

Try and use the following vocabulary when answering the question. Click to look up the definition in the dictionary

  • authenticity (noun)
  • ownership (noun)
  • intellectual property (noun)
  • acquire (verb)
  • decentralised (adjective)
  • blockchain (noun)
  • significant (adjective)
  • criticism (noun)
  • digital asset (noun)

Conversation Questions About NFTs

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  • Have you ever heard of NFTs before?
  • What do you think NFTs are used for?
  • Have you ever bought or sold an NFT?
  • Do you think NFTs are a good investment? Why or why not?
  • How do you think NFTs will change the art world?
  • Do you think NFTs are a good way to authenticate digital assets? Why or why not?
  • How do you think NFTs compare to physical collectibles, like stamps or coins?
  • Do you think NFTs will become more or less popular in the future? Why?
  • Do you think NFTs have the same value as physical art? Why or why not?
  • How do you think NFTs could be used in other industries besides art?
  • Do you think NFTs are a good way for artists to make money? Why or why not?
  • Do you think NFTs will replace physical art in the future? Why or why not?

Keep The Conversation Going!

Check out a different level conversation about "Gender Equality". Or why not try another conversation based on Vocabulary ?
Gregory
This conversation topic was prepared by Gregory

Gregory is a qualified TEFL teacher who has been teaching English as a Foreign Language (ESL) for over a decade. He has taught in-person classes in Spain and to English learners around the world online.