Connect with us
European Gaming Congress 2024

Blockchain

QUANTUM TEMPLE UNVEILS WORLD’S FIRST COLLECTION OF CULTURAL HERITAGE NFTs TO PRESERVE AND FUND ANCESTRAL COMMUNITIES

Published

on

Quantum Temple, the Web3 platform preserving cultural heritage, has unveiled the world’s first collection of cultural heritage NFTs – ‘Paths to Alangö’, a debut series of 11 ethnographic films as digital assets, featuring expressions of tangible and intangible culture from Bali, Indonesia. Developed in partnership with The Ministry of Tourism and Creative Economy of Indonesia, Quantum Temple has also confirmed the first recorded sale of a cultural heritage NFT for $97,000 (USD), with proceeds transparently directed to preserve and fund ancestral Balinese communities.

Using blockchain technology, 40% of the auction proceeds have been distributed directly to the local culture keeper of ‘Royal Topeng’ and 5% to a social impact fund for their community. The transparent distribution of NFT royalties to culture keepers respects the value of their work, providing more equitable revenue streams for local communities in perpetuity.

“We are thrilled to launch Quantum Temple with our debut collection of cultural heritage NFTs, ‘Paths to Alangö’ featuring Bali, and the historic auction of the first NFT, ‘Royal Topeng’. By immortalizing these cultural traditions and knowledge on the blockchain, we are enabling new pathways for positive stewardship of cultural heritage and transparent distribution of socio-economic benefits for its practitioners and the communities involved. We also hope this redefines the values of cultural tourism in connecting conscious travellers to local communities around the world.” Linda Adami, CEO and Founder, Quantum Temple

“When we were introduced to Quantum Temple last year, we did not think twice about giving our full support. Because at the heart of it, this new model values and protects our culture and people. Most importantly, it reminds us that human connection through arts and culture can be experienced in the digital age.” Angela Herliani Tanoesoedibjo, Vice Minister of Tourism and Creative Economy Republic of Indonesia.

Advertisement

The debut collection, ‘Paths to Alangö’, features Bali, Indonesia with 11 original ethnographic films as collectible NFTs. Each NFT represents a different aspect of Balinese cultural heritage, such as dances, temples, heritage sites, and philosophy, filmed on location against breath-taking backdrops of Bali’s cultural landscape.

The NFTs are created in partnership with local communities in Bali, leading anthropologists, and cultural heritage experts, ensuring that they accurately represent the expressions of Balinese culture. The ‘Paths to Alangö’ NFT collection is designed to be a source of income for Balinese cultural heritage keepers and a new approach to preserve and promote these ancestral communities and their knowledge, transparently distributing NFT royalties directly to the communities in perpetuity.

Future collections will include physical and experiential NFTs, and support ancestral communities in PeruPanama and beyond.

Blockchain

DPcryptoX Global Innovation Summit to Be Held in Singapore in January 2025, Focusing on the Future of Digital Currency

Published

on

dpcryptox-global-innovation-summit-to-be-held-in-singapore-in-january-2025,-focusing-on-the-future-of-digital-currency
Continue Reading

Blockchain

Japan RegTech Business and Investment Report 2024: Market to Grow by 19.1% to Reach $210.5 Million this Year – Forecast to 2029

Published

on

japan-regtech-business-and-investment-report-2024:-market-to-grow-by-191%-to-reach-$210.5-million-this-year-–-forecast-to-2029

Japanese RegTech Market

Continue Reading

Blockchain

Bybit Advocates Blockchain Ecosystem Expansion at Solana Breakpoint

Published

on

bybit-advocates-blockchain-ecosystem-expansion-at-solana-breakpoint
Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE