Non-fungible token (NFT) use cases have evolved from pixel punks and monkeys to real-life applications such as real estate contracts and music royalties. Another use case is emerging as Monuverse uses NFTs to preserve cultural heritage around the world.
Through a combination of blockchain technology, 3D imaging, generative art, and local collaboration, Monuverse is using NFT to bring important global monuments into digital reality, where they will be preserved indefinitely.
The first NFT project of this magnitude from Monuverse is dedicated to the Arco della Pace, or Arch of Peace, in Milan, Italy.
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The initial digital rendering of the monument will not be available for individual property in accordance with the intellectual property law and the authorization of the Italian Ministry of Culture: Archeology, Fine Arts and Landscapes of Milan.
However, the subsequent drop of 7777 randomized NFTs gives people a piece of the monument’s virtual counterpart and access to related events. These NFTs also provide owners with new means of patronage of cultural heritage.
Cointelegraph spoke with Andrea Marek, 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 enabler in attracting the next billion users to the cryptocurrency space. This is especially true if they are connected to already known and valuable elements of their cultural heritage, creating a sense of familiarity.
Marek says that when NFTs of monuments are created, it will help create a “tangible bridge between realities” and contribute to the virtual ecosystem.
“Being one of the virtual owners of a real historical monument should be accompanied by both feelings: not only do you own a cool piece of art, but you also actively help protect the heritage in an innovative and interesting way.”
The virtual preservation of monuments means that they will be frozen in time as they are today. If global conflicts or natural erosion occur in the real world, virtual reality will have a pristine version for future generations.
“Owning Monuverse NFT is not only an honor, but also a responsibility,” says Marek.
An important aspect of this project is that a portion of the proceeds from the NFT drops provide “ongoing funding” to the local institutions that own these monuments.
“[Финансирование] accelerate the maintenance and restoration of monuments around the world, many of which are in real danger.”
Marek says this is definitely something the project plans to “change for the better”.
In addition to cultural heritage, NFTs can create new opportunities for the Web3 virtual tourism world. While virtual reality and augmented reality have played an important role in creating digital experiences, Marek believes they cannot do it alone.
“Web3 will be critical in this area because it will take people’s experience to a whole new level. I think the key word here is property.”
According to the co-founder of Monuverse, virtual tourism can reach a new level of connection with a place, as visitors who own a sister NFT can develop a real sense of ownership and belonging like never before.
Already, metaverse events in historic locations are proving to be innovative ways to connect the past with the future.