Indonesia Adopts NFTs To Preserve Art & Culture; ETH, BTC, To Leverage

The beauty of cryptocurrency blockchain technology — where Ethereum, Bitcoin, and lie — is that they promote an unchangeable record of information and the preservation of a user’s information via pseudonymity. They are a perfect fit for record-keeping, and enabling the creation of tokenized assets like NFTs. With their potential to help preserve culture and heritage in the digital world, NFTs are truly a game-changer.

However, not too long ago, the concept of cryptocurrency left many scratching their heads. This is especially as it caught massive attention in an era when economic conditions were at their worst, aka the COVID-19 pandemic. And now, as NFTs become prevalent, some are left wondering whether they are truly a revolutionary breakthrough or just a fad that threatens the authenticity and quality of art and culture.

Indonesia Protects Cultural Heritage with NFTs

Indonesia’s Ministry of Tourism and Creative Economy Deputy Chairman (for Digital Economy and Creative Products), Muhammad Neil El Himam, says the country is collaborating with Quantum Temple to safeguard the nation’s cultural heritage.

Himam believes that NFTs can serve as a limitless medium to maintain and create heritage, and simultaneously boost virtual tourism. Furthermore, he anticipates that NFTs could introduce the crypto world to a billion new users, particularly if they appreciate and recognize the NFT elements of cultural heritage.

Ethereum and Bitcoin: Champion of the NFT Chain

Bitcoin and Ethereum are two of the most successful cryptocurrencies by market capitalization. However, while Bitcoin reigns supreme in the crypto world — ruling the likes of market trends — Ethereum has claimed sovereignty over (non-fungible tokens) NFT chains. Nevertheless, they have both made moves into the world of NFTs.

Recent events prove that NFTs have become a playground for both. Just this month Yuga Labs’ Bitcoin NFT collection earned a top bid of virtually $160,000. Meanwhile, Bored Ape Yacht Club NFT was bought for 66 ETH.

Additionally, NFT king Ethereum has dominated the scene since launching the ERC-721 token standard, which empowered the creation and exchange of unparalleled, indivisible tokens on the Ethereum blockchain. — The Next Big Thing is the freshest DeFi cryptocurrency on the scene, fueled by the ERC-20 blockchain technology. This fresh crypto project is indeed in the early stages, and plans of releasing an NFT collection are in the wraps. However, it’s already looking to take the market by storm.

But don’t fret, to be part of’s growing community won’t take up much of your time nor require you to pay anything  — no, that’s not what they stand for. Instead, they only need you to allocate a few seconds for the sign-up process and BOOM, you’re in the exclusive Millionaires Club! deviates from the conventional presale campaigns or initial coin offering (ICO) strategies done by other crypto projects. Instead, it gives exclusive access to members by providing them with chances to be part of their email list. With over 2,500 email sign-ups and counting, the project aims to hit the big leagues with a target of 1,000,000 email sign-ups.

All these and more — and with its potential plans of having an NFT collection — only prove how is not your run-of-the-mill project.

Final Thoughts

Ethereum and Bitcoin have already established players in the NFT scene, and is poised to join the ranks soon. The likes of market volatility and financial speculation are out of the topic as they consistently ensure the security and investment potential for their respective users.

Meanwhile, the Indonesian government’s decision to use NFTs to preserve its cultural heritage is a smart move, given the technology’s potential to ensure the accessibility and immortality of art and culture in the digital age.

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