The world's cultural heritage is being preserved one NFT at a time
The use cases of nonfungible tokens (NFTs) have evolved from pixelated punks and apes to real-world applications like real estate contracts and music royalties. Another use case is surfacing as the Monuverse uses NFTs to preserve cultural heritages around the world.
Through a combination of blockchain technology, 3D imaging, generative art and local collaboration, the Monuverse is using NFTs to take important global monuments into digital reality where they will be preserved infinitely.
The first NFT project of this caliber from the Monuverse highlights the Arco della Pace, or the Arc of Peace, in Milan, Italy.
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The initial digital rendering of the monument will not be available for individual ownership under the precipice of intellectual property law and authorization of the Italian Ministry of Culture: Archeology, Fine Arts and Landscapes, Milan Authority.
However, a subsequent drop of 7,777 randomized NFTs gives individuals a piece of the virtual counterpart of the monument and access to related events. These NFTs also open up a new means by which owners can patronize cultural heritage .
Cointelegraph spoke with Andrea Salomone, a co-founder of Monuverse, to understand how NFTs can help further preserve this cultural heritage and boost virtual tourism efforts.
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NFTs are expected to be a major aid to ushering the next billion users into the crypto space. This will especially be the case if
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