Announced in January 2022, a new international digital platform for cultural heritage opened to allow participants to own certified digital properties of cultural sites through non-fungible tokens (NFTs) recorded on the Wax blockchain. The project, developed by ABC Onlus, launched a crowdfunding campaign to support platform development at cho.earth.
Access and Participation Structure
The first 50 participants began operating on the platform from 5 January 2022, with an additional 500 participants scheduled for admission from 1 February 2022. Early participants received a welcome credit of 30 euros toward their first wallet deposit. Users funding their wallets could then begin purchasing digital properties through an auction system, with the opportunity to acquire digital ownership of notable locations worldwide.
How the Platform Works
Participants could access the platform through a crowdfunding campaign, which granted admission to the new digital environment. Once registered, users loaded funds into their digital wallets and competed in auctions to acquire digital property rights. The NFT certificates documenting ownership were secured through blockchain technology on the Wax network, providing verifiable and permanent records of digital cultural property ownership.
Frequently asked questions
When did the platform first accept participants?
The platform admitted its first 50 participants beginning 5 January 2022, with an additional 500 participants eligible for admission from 1 February 2022.
What incentive was offered to early participants?
Early participants received a welcome credit of 30 euros to use on their first wallet deposit.
How were digital properties secured and verified?
Digital properties were certified as NFTs on the Wax blockchain, ensuring permanent and verifiable ownership records.
