Quantum Temple enters into NFT partnership with the Indonesian Ministry of Tourism
When it comes to blockchain and cultural heritage, few have greater expertise on the matter than Linda Adami, an alma mater of the Dubai Future Foundation’s innovative accelerator program, Adami is currently working at the forefront of blockchain technology and sustainable tourism.
“Cultural heritage is incredibly underfunded,” she told CryptoSlate during a March 1 interview. “But what if we could create immutable cultural archives using NFTs, and use them to develop a new model to incentivize current and future generations to remain involved in cultural heritage.”
Adami’s innovative new NFT startup aims to bridge the worlds of cultural preservation, heritage and archaeology, along with blockchain technology and sustainable tourism. The matrix or business model may not seem obvious, but it involves working with stakeholders in hyperlocal communities and groups interested in the preservation of niche monuments, relics or places that may be in need of maintenance.
The initiative, called Quantum Temple, has so far raised $2 million in pre-funding, money it aims to use to support blockchain development in regions such as Bali, where Adami is based.
Last week, Quantum announced a partnership with the Indonesian Ministry of Tourism, which will see them co-produce a series of NFTs in collaboration with local filmmakers and cultural anthropologists, artists and curators.
Quantum Temple business model
- 40% of the proceeds from each NFT sold will go towards the conservation of monuments and cultural heritage in Bali that are under threat.
- 40% goes to Quantum (including 5% going to the Impact Fund)
- 10% goes to artists and/or curators who work with the individual NFT.
Bali’s Web3 Pivot
A key point for Adami is a United Nations World Tourism report, which states that for every $100 spent by tourists in a developed country, only about five dollars circulates in the economy of a developing country. In destinations like Bali, where multinationals operate much of the tourism infrastructure, the funds coming into the region are picked up almost as quickly as they arrive.
By leveraging the values of Web3, Adami hopes that Quantum will be able to bridge the different worlds of crypto and material preservation of ancient and historical culture.
The partnership was marked at a celebration of Indonesian culture at Pura Tirta Empul last Friday 24. February.
Under the agreement, Quantum Temple will provide a platform for local cultural artists, musicians and creatives in Indonesia to showcase their works worldwide using NFT technology.
The company also unveiled the Paths to Alangö NFT Collection, with audio and visual logs capturing traditional dances, artifacts and rituals.
During the event, Muhammad Neil El Himam, Deputy Director of Indonesia’s Ministry of Tourism and Creative Economy, expressed his optimism to promote and support the growth of Indonesia’s creative industry and establish the country as a center for NFT-based art and technology.
“We are working hard to achieve our goal of growth and cultural expansion,” Himam said. “We use modern blockchain solutions to preserve historical artifacts and experiences and share our culture with the world. We hope to attract more people to participate in our digital and physical economy.”
“Quantum Temple is a tangible project that actually has a real social impact on the chain,” Adami said of her decision to work hand-in-hand with local stakeholders from community groups to government agencies responsible for tourism.
“What we are building is end-to-end web infrastructure to enhance heritage conservation,” Adami said.
