Blockchain
Santa Casa da Misericórdia de Lisboa Embraces Digital Art and NFTs With the Launch of Artentik
Santa Casa da Misericórdia de Lisboa (‘SCML’), Portugal’s 500-year-old social enterprise organisation and keeper of the Museum and Church of São Roque in Lisbon that houses one of the most important religious collections in Catholic Europe, announced today its entry into the digital world of NFTs or non-fungible tokens with the launch of Artentik, its brand and marketplace for NFTs.
In much the same way as William Caxton’s printing press opened the door to a broader appreciation of books in the 15th century, so NFTs have created a way for museums and art galleries to share their beautiful and priceless artworks and artefacts with a global audience.
Artentik will be SCML’s curated platform to share digital twins of its treasures and encourage living artists to also sell their works as NFTs. This will enable SCML to monetize and promote its unique cultural heritage to the world while continuing its extensive 500-year support to social causes.
The first NFT drop will take place in December and is drawn from SCML’s sacred art collection, one of the finest in the world.
In the first drop, Artentik will present a set of 13 assets in three art categories – Painting, Relics and Artefacts – about St. Francis Xavier, Christmas and the Nativity. They are unique pieces of an immeasurable richness and symbolism.
Future drops will be drawn from SCML’s expansive collection of art, relics, reliquaries, sculptures, music and new artists.
“In Lisbon, SCML enjoys a warm relationship with residents and visitors to the museum and church and we see a way of extending that relationship globally, and to new generations, through NFTs,” says Edmundo Martinho, President of SCML.
“We have 500 years’ worth of priceless treasures from baroque art to graffiti art that we are keen to share with lovers of art, antiquities and religious history. By creating our own digital window, Artentik, people can view our unique cultural assets, own a digital replica of them through NFTs, and know that the proceeds will be used for social enterprise activities. This is a cultural democratisation of museums, and we are delighted to embrace it,” he added.
Artentik, www.artentik.com, is built on Polygon Layer 2 Ethereum blockchain offering faster transaction speeds, Proof of Stake leading to minimum environmental impact, and reliability. Payment for NFTs will only be accepted in cryptocurrency. Artentik is a joint venture with Boloro Global Limited, a New York City based technology company.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
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