By entering the crypto-technology arena, Dubai’s Museum of The Future embraces the future (funny that). The museum, which just opened in February of this year, is working on the initiative with Binance, a blockchain and cryptocurrency infrastructure provider. The museum’s NFT collection is billed as ‘the most beautiful NFTs in the Metaverse’, so we expect big things. That is a strong statement.
What Are NFTs?
If you are wondering, what are the NFTs all about? A non-fungible token (NFT) is a digital certificate create utilising Blockchain technology. It means that the evidence of ownership gets securely record in Blockchain. You may make anything into an NFT, but art is now the craze.
Each NFT, unlike a bitcoin unit, is fully unique. Hence you cannot swap it like-for-like. The file contains additional data that raises it beyond the domain of pure cash and into the world of, well, anything. Consequently, NFTs have evolved into collectible digital artifacts with value, much like traditional paintings.
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Also Read: Dubai Is Hosting First-Ever Immersive NFT Art Exhibition
What Is The Metaverse In The Museum Of The Future?
Are you unsure what the metaverse is? The metaverse is a virtual world made up of augmented reality (AR), virtual reality (VR), and blockchain technology. The metaverse is essentially a virtual universe that imitates the actual world, somewhat like a video game.
A video of the spectacular monument, which has a distinctive oval form and stands 77m tall, stirs up enthusiasm for the exhibition of NFTs at the Museum of the Future. Do you want to join in the fun? In the following weeks, the museum of future will disclose the first NFT drop. With huge corporations investing in technology, NFTs are becoming more popular.
Emirates announces that both collectible and utility-based NFTs will be available shortly. Infinity des Lumires, a digital art center in Dubai’s Dubai Mall, recently joins the party with a one-day NFT installation.
Also Read: Museum Of Future Features On Emirates Brand New A380