Indonesia's Deputy of the Ministry of Tourism and Creative Economy has partnered with Quantum Temple to preserve the country's cultural heritage with the use of non-fungible tokens (NFTs). Quantum Temple has created a multichain NFT marketplace, working closely with Indonesia's Ministry of Tourism and Creative Economy to tokenize cultural heritage as unique digital assets.

By tokenizing cultural heritage, three critical areas of value are created: immutable archives of culture, transparent alternative income streams through royalties, verified provenance, and recognition for cultural creators. Quantum Temple has launched its "Paths to Alangö" NFT collection, which includes 11 unique NFTs that represent different aspects of Balinese cultural heritage. However, regulatory and technical challenges may hamper adoption of tokenized digital assets as a solution for preserving important information in Indonesia.

Read more: https://cointelegraph.com/news/indonesian-government-looks-to-nfts-to-preserve-cultural-heritage