How Web 3.0 Technology Can Help Historical Sites?
 

How Web 3.0 Technology Can Help Historical Sites?


Historic sites in the metaverse may become a new business model for tourism and may rewrite history in the process.

Metaverse events in ancient and historic locations could soon become an alternate future for tourism.

Owners of physical castles and villas who have drawn up augmented reality floor plans of their properties believe their ambitious plans to attract visitors to the metaverse will work, as virtual events can help them pay hefty maintenance bills for their aging estates and also they offer the opportunity to change historical narratives.

The metaverse tourism model was accelerated by the COVID-19 drop in tourism, but the industry may already have been headed in that direction.

Currently, the major metaverse platforms are clunky, difficult to use, and awaiting further "real estate" development, but companies are concentrating on what could be. Brands seem to be entering the metaverse en masse just to brag about PR.

So it seems that the possibility of knowing existing, new and revised stories through the metaverse is not that remote.

Non-expendable castles and towns

Michelle Choi, founder of 3.O Labs—a Web3 venture lab—turned to digital opportunities to fund the maintenance of physical boxes, such as the sale of non-fungible tokens, or NFTs, as a fundraiser to preserve illiquid assets.

Choi was a product manager at Google when she noticed the drop in museum tourism due to COVID-19 and saw it as an opportunity for future metaverses. Subsequently, he quit his job and began his own experiments with metaverses.

He began by working with a team to launch Non-Fungible Castle, an NFT exhibition and auction at Lobkowicz Palace, a real-life castle in Prague, in October 2021. NFTs were exhibited alongside 500-year-old paintings at the event. old and it's objective was to "expand access to cultural heritage".

The launch raised enough to cover the restoration of all urgent projects on the property. Motivated by this proof of concept, Choi and 3.O Labs are now dedicated to hosting metaverse travel experiences around the world.

With the broader mission of making Web3 accessible to all users, 3.O Labs is already incubating a number of Web3 projects ranging from NFTs to decentralized autonomous organizations, or DAOs. Within its vertical metaverse, the venture lab is already building a castle project in Germany, to be followed by a villa in India, and then possibly a museum in Ghana.

Will history be rewritten in the metaverse?

For better or worse, tourism businesses, educational platforms, and museums could reimagine history in the metaverse.

Priyadarshini Raje Scindia's family owns the Jai Vilas Palace, a 200-year-old palace converted into a museum in Madhya Pradesh, India. He is planning a collection of NFTs produced by local artists to fund a metaverse experience. COVID-19 closed its museum for two years to allow time for some necessary - but expensive - restoration work.

Scindia told the news outlet that NFTs should be accepted as art as "every generation has its art and its interpretation. This is a new medium and a new platform for hungry and emerging Indian artists." He added that "there should be no barriers around artistic creation."

Created on 18th Apr 2022

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