The Web3 platform Quantum Temple, whose mission is to protect historical and cultural treasures, has announced a $2 million pre-seed investment round. Borderless Capital was the lead investor, with support from Algorand Foundation, Outliers Fund, Shima Capital, New Moon Ventures, NxGen, and other strategic angel investors.
Quantum Temple is a decentralized platform for documenting and funding cultural manifestations in the form of NFTs (both digital and physical/experiential). To protect cultural artifacts and promote fair trade between collectors and indigenous groups, the platform makes use of blockchain technology and non-fungible tokens (NFTs). This unique niche has made the project attractive to scholars, researchers, artists and all those who love the unmatched value of culture and heritage in human history.
NFTs, culture and earnings
Tokenizing both physical and intangible cultural artifacts is the main goal of this cross-disciplinary collaboration between cultural preservers, government organizations, civic society, curatorial anthropologists, and content developers. Continuously and transparently redistributing NFT profits directly to the cultural keepers encourages newer generations to keep up family traditions, preserve cultural heritage, and spread awareness.
By collaborating on the production and distribution of physical and digital artifacts that record and share their cultural heritage on the blockchain and generate regenerative funding for their communities, the creation and exchange of NFTs open up new revenue streams for local artists and cultural keepers.
Quantum Temple’s CEO, Linda Adami, has stated their dedication to leveraging blockchain technology as a regenerative finance infrastructure. According to Adami, this will enable the creation of a more transparent and fair funding model to protect cultural property and positively affect ancestral communities in the field.
Through the Cosmic Egg Membership NFT, benefactors, leaders, and enlightened tourists can join the Quantum Temple as charter members. Quantum Temple is doing critical work to ensure that the cultural manifestations of vulnerable ancestral populations are not lost as a result of factors like unequal income distribution, war, and forced migration. This will certainly redefine how we preserve our cultural heritage.