The Faculty of Business and Economics at the University of Augsburg awarded an honorary doctorate (Dr. rer. pol. h. c.) to the former Federal Minister of Finance, Dr Theo Waigel, in a ceremony at the Augsburg Town Hall.

Non-fungible tokens are based on blockchain technology known from cryptocurrencies. NFTs create a ‘proof of authenticity’ for digital works and confirm personal ownership of them, which is what makes it possible to trade virtual images. Twain Stolz, an art historian and economist, is researching the effects of NFTs on the art market.