Cryptocurrency News

Ugandan Museum Collaborates with Software Development Firm to Create NFTs for Display on Binance Marketplace – Altcoins Bitcoin News

The Uganda National Museum (UNM), one of the oldest museums in Africa, is set to create a digital representation of the unique artifacts on display at the facility. In collaboration with software development firm Murcom, the largest museum in Uganda is expected to display and auction digitally presented objects on Binance’s non-fungible token (NFT) marketplace.

Uganda National Museum artifacts to be made NFT

According to Murcom Post On Medium, a “blockchain-based digital representation of various objects in museum custody” will be created using the software firm’s MUDA NFT platform. On June 24th, Binance NFT will launch and both UNM and MUDA will participate in the crypto exchange’s “100 Creators Campaign”.

Meanwhile, while discussing the reasons why the Ugandan museum has joined the NFT movement, Murcom Director Suleiman Murunga begins by explaining the token creation and authentication process. Thereafter, he summarized Murcom’s working relationship with the museum by saying:

This partnership with the National Museum will see us set up an online web page that will be used to display the NFTs and the items that the museum represents. We will take professional photographs of various objects and convert them into digital artifacts after which we will apply these digital artifacts on the blockchain and create the above mentioned NFTs.

The Murcom director says NFTs will be created for items such as Ugandan cultural pieces, royal regalia, pre-historic pieces and antique tools.

Meanwhile, the same Medium post reveals that the project has been started with the prime objective of raising awareness and funds for the museum. In addition, this NFT marketplace will also allow “artists and content creators to launch NFTs on the Binance smartchain.”

What do you think about the Ugandan National Museum’s decision to create an NFT? You can share your thoughts in the comment section below.

image credit: Shutterstock, Pixabay, WikiCommons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation or recommendation or endorsement of an offer to buy or sell any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the Company nor the author is responsible, directly or indirectly, for any damage or loss alleged to be caused by or in connection with the use or reliance on any materials, goods or services mentioned in this article.

Source link

Avinash is a blogger, Enterprenuer, marketer and author. He is very good affiliate marketer and Product Reviewer.