Ukraine is betting on NFTs to save its cultural heritage from war. All artworks will be digitized on the blockchain.
Ukraine has just announced its intention to use the tokens non-fungible assets (NFT) to protect one’s cultural heritage. Michael Chobanian, chief of Blockchain Association of Ukraine (ABU)the project announced at the Consensus 2022 conference in Texas.
The initiative aims to preserve “the DNA of the Ukrainian people” against the invading army of Russia. “Right now they are bombing museums, churches and cultural sites”explains Michael Chobanian. To avoid damage, several museums have also sheltered the paintings and sculptures in their possession.
Ukraine is betting on NFT and blockchain
“Before they are destroyed… we will digitize every piece of art or history we have in museums. We will turn them into NFTs and write them to the file blockchain “continues the manager.
Once registered on the blockchain, the works will be saved from the exactions of the Russian army … at least their representation and memory. The blockchainthe technology on which most cryptocurrencies are based makes it possible store information in a tamper-proof and tamper-proof manner.
To protect itself from malicious actors and attacks, the blockchain relies, in most cases, on a decentralized infrastructureAnd. Specifically, it is necessary to obtain the consent of all participants to make a change, which complicates the task of the pirates.
NFTs will not only preserve Ukrainian culture. Adding the work on the blockchain, it will also be possible to open the whole world to the heritage of the nation. The works will be visible to Internet users of all countries.
To preserve the heritage of Ukraine, the association will rely NEAR (NEAR) protocola blockchain designed to facilitate exchanges between developers and users. The network is also capable of handling transactions very quickly.
Alex Bornyakov, Deputy Minister of Ukraine at the Ministry of Digital Transformation, joined the announcement. However, the project is not supported by the Ukrainian government. It comes from the country’s cryptocurrency advocates. “It is a national project, not a private project”Michael Chobanian points out.
A digital museum and legal framework for cryptocurrencies
Ukraine has already shown its interest in tokens non-fungible this year, despite the collapse of the NFT market. A few weeks after the Russian invasion, the country’s government opened a digital museum called MetaHistory NFT Museum. The works represented aim to document the war and the damage caused by the Russian army.
The Ukrainian government is also pushing the adoption of cryptocurrencies among the population. Shortly before the first strikes, an offer of bills of exchange a legal framework for cryptocurrencies, like Bitcoin (BTC) or Ether (ETH), has been adopted. It was ratified by President Volodymyr Zelensky a few weeks later.