Nonfungible tokens (NFTs) started out as pixelated punks and apes, but now they are used in the real world for things like real estate contracts and music royalties. As the Monuverse uses NFTs to protect cultural heritages around the world, a new use case is emerging.
Using blockchain technology, 3D imaging, generative art, and local cooperation, the Monuverse is putting important monuments from around the world into digital reality, where they will be kept forever.
This is the first NFT project of this level from the Monuverse. The Arco della Pace in Milan, Italy, is featured in it.
Under the law on intellectual property, and with the approval of the Italian Ministry of Culture: Archeology, Fine Arts, and Landscapes, Milan Authority, no one will be able to own the first digital rendering of the monument.
But after that, a drop of 7,777 random NFTs gives people access to events related to the monument and a piece of its virtual counterpart. These NFTs also give owners new ways to help preserve cultural heritage.
Cointelegraph talked to Andrea Salomone, who helped start the company Monuverse, to find out how NFTs can help protect cultural heritage and promote virtual tourism.
NFTs are expected to play a big part in getting the next billion people interested in cryptocurrencies. This is especially true if they are connected to well-known and loved parts of their cultural heritage, which gives them a sense of being at home.
Salomone says that when NFTs of monuments are made, they will help make “a tangible bridge between realities” and add to a virtual ecosystem.
“Being one of the “virtual owners” of a real historic landmark should make you feel both proud and happy. Not only do you own a cool piece, but you are also helping to keep history alive in a fun way.
When monuments are virtually preserved, they will stay the same as they are now. Even if there are wars or natural disasters in the real world, future generations will be able to enjoy a version of virtual reality that is not affected.
Salomone says that it is both an honor and a responsibility to own a Monuverse NFT.
A big part of this project is that some of the money from NFT drops goes to the institutions that these monuments belong to as “perpetual funding.”
“The money will help save and fix up monuments around the world, many of which are in serious danger.”
Salomone says there’s no doubt that this is something the project wants to “improve.”
In addition to cultural heritage, Web3 NFTs can give the world of virtual tourism new ways to grow. Marec thinks that even though virtual reality and augmented reality have helped make digital experiences, they can’t do it on their own.
“In this field, Web3 will be very important because it will take the user experience to a whole new level. I think the key word here is “ownership.””
The co-founder of Monuverse says that visitors who own a related NFT can feel like they own and belong to the world in a way that has never been seen before in virtual tourism.
Already, metaverse events at historical sites are proving to be creative ways to connect the past and the future.