QUANTUM TEMPLE BREEDS WORLD’S FIRST COLLECTION OF CULTURAL HERITAGE NFTs TO PRESERVE AND FUND ANCESTORAL SOCIETIES

First registered sale of a cultural heritage NFT, ‘Royal Topeng’raises $97,000 with 40% of the funds distributed directly to the local Balinese community and immortalized on the blockchain

BALI, Indonesia, April 4, 2023 /PRNewswire/ — Quantum TempleThe Web3 platform that cares for cultural heritage has unveiled the world’s first collection of NFTs for cultural heritage – ‘Paths to Alangö’a debut series of 11 ethnographic films as digital assets, with expressions of material and immaterial culture from Bali, Indonesia. Developed in collaboration with the Ministry of Tourism and Creative Economy IndonesiaQuantum Temple has also confirmed the first recorded sale of a heritage NFT for $97,000 (USD), with revenues transparently directed to preserve and fund ancestral Balinese communities.

Using blockchain technology, 40% of the auction proceeds have been distributed directly to the local culture holder ‘Royal Topeng’ and 5% to a social impact fund for their community. The transparent distribution of NFT royalties until cultural keepers respect the value of their work, providing fairer income streams for communities in perpetuity.

“We are thrilled to launch Quantum Temple with our debut collection of heritage NFTs, ‘Paths to Alangö’ with Bali, and the historic auction of the first NFT, ‘Royal Topeng’. By immortalizing these cultural traditions and knowledge on the blockchain, we enable new avenues for positive management of cultural heritage and transparent distribution of socio-economic benefits for its practitioners and the local communities involved. We also hope this redefines the values ​​of cultural tourism in terms of connecting conscious travelers to communities around the world.” Linda AdamiCEO and Founder, Quantum Temple

“When we were introduced to Quantum Temple last year, we didn’t think twice about giving our full support. Because at its heart, this new model values ​​and protects our culture and people. Most importantly, it reminds us that human connection through art and culture can be experienced in the digital age.” Angela Herliani Tanoesoedibjo, Deputy Minister for Tourism and Creative Economy in the Republic Indonesia.

The debut collection, ‘Paths to Alangö’characteristics Bali, Indonesia featuring 11 original ethnographic films as collectable NFTs. Each NFT represents a different aspect of Balinese cultural heritage, such as dances, temples, heritage sites and philosophy, filmed on location against a stunning backdrop of Bali cultural landscape.

The NFTs have been established in collaboration with local communities in Bali, leading anthropologists and heritage experts, who ensure that they accurately represent the expressions of Balinese culture. The ‘Paths to Alangö’ The NFT collection is designed to be a source of income for Balinese cultural heritage holders and a new approach to preserve and promote these ancestral communities and their knowledge, distributing NFT royalties directly to the communities in perpetuity.

Future collections will include physical and experiential NFTs, and support ancestral communities in Peru, Panama and beyond.

For media enquiries, please contact:
Adnan Abbasi
[email protected]

NOTES TO EDITORS
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ABOUT THE QUANTUM TEMPLE

Quantum Temple is the Web3 platform that preserves cultural heritage. Our platform enables fair exchange between conscious collectors and ancestral communities to protect and share knowledge, traditions and art forms of cultures around the world in perpetuity through blockchain technology.

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SOURCE Quantum Temple