Uganda National Museum to participate in a digital exhibition on the Binance NFT marketplace

If, during tours of the Uganda National Museum, you desired to possess one of these unique historical objects, now here’s your opportunity. The Uganda National Museum to participate in a digital exhibition through its collaboration with a software development firm, Murcom.

The Museum will be auctioning some of its unique art pieces on the NFT marketplace after collaborating with a software company, Murcom allowing digital representations of these artefacts to be made. These representations will be created using the software firm’s MUDA NFT platform.

Also read: A call for crypto regulations in Uganda by the Financial Intelligence Authority

An NFT also called a non-fungible token is a digital asset that holds value as a form of cryptocurrency and as a form of art or culture. They are anything unique that could be stored digitally and thought of to hold value. Just like the art pieces in the Uganda Museum, photos will be taken of these converting them into digital representations and then take on the format of JPG files giving people digital ownership of the items, not ownership of the physical item.

The Uganda National Museum one of the oldest in Africa is rich with history displaying unique artefacts like royal regalia, pre-historic tools and cultural pieces from different tribes each telling a story of its own. These will now be made available and auctioned on the upcoming Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider.

Binance NFT will be launching on the 24th of June 2021 with MUDA and the Uganda National Museum participating in Binance NFT’s ‘100 Creators’ campaign, an exclusive campaign to support and promote innovative creators from around the world and spotlight NFT pieces from different cultures.

608884f656a8a8f03ada5180 Qyk8i
Credit: bsc

Murcom Director Suleiman Murunga said, “The Museum has an amazing collection of pre-historic items that can be marketed globally due to their unique yet relatable appeal and the fact that most humans are intrigued by the historical timeline, especially because it is full of mysteries. 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 shall take professional photos of the different items and convert them into digital artworks after which we shall apply these digital artworks on the blockchain and create the afore-mentioned NFTs. The collaboration with the newly unveiled Binance NFT marketplace will allow us to carry out an exhibition and auction off the items,” he added.

Emmanuel Babalola, Director at Binance Africa added that “We are especially excited to host African creators as we see the profound opportunity NFTs and the blockchain bring to the entire continent. As NFTs transform the digital art world, it is important that African creators are provided an even larger platform with optimal solutions to reach a more global audience”

This project aims to raise awareness and funding for the museum which is still struggling with the effects of the covid-19 pandemic. Artists and content providers will also be able to launch NFTs on the Binance smart chain using Murcom’s NFT management software, MUDA.

Read more: Nigeria’s central bank makes a shocking ban on cryptocurrency in Nigeria

Read more: There are many Ugandans investing in Bitcoin today more than ever before

READ: How to watch Euro 2020 on DStv and GOtv in Uganda

Stay on top - Get the daily news in your inbox