Quantum Temple raised $2 million in a pre-seed round led by Borderless Capital. Other backers include Shima Capital and Algorand Foundation.
Quantum Temple raised $2 million to build a platform that aims to preserve cultural heritage using blockchain technology.
The pre-seed round is led by Borderless Capital. Other backers in the round include Shima Capital, Algorand Foundation, Outliers Fund and New Moon Ventures, according to aQuantum Temple is a decentralized platform that hopes to preserve and fund expressions of cultural heritage through a variety of NFTs. Anthropologists, government institutions, artists and academics are involved in the project.
The use of NFTs can create new revenue opportunities for local artists and cultural keepers, which can drive regenerative funding for communities, the company contended.
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