Victory Square Technologies Inc (CSE:VST, OTCQX:VSQTF) announced that its portfolio company Next Decentrum Technologies Inc is partnering with DAF (Digital Access to Finance) to launch several non-fungible token (NFT) projects inspired by Egyptian art, culture, and history.
The collaboration will allow for greater access and appreciation of one of humanity's oldest civilizations and bring some of the world’s most iconic artifacts to the metaverse.
“Egypt is home to one of the world's richest cultures. There is much for everyone to discover and enjoy,” said Hussein Hallak, CEO of Next Decentrum, in a statement.
READ: Victory Square portfolio company Next Decentrum launches Crypto Pharaohs, an iconic NFT collection
“Through this partnership with the DAF team, we aim to bring Egyptian history, culture, and art to the metaverse by using NFTs, AR and VR technology,” Hallak added.
Victory Square noted that digital collectibles have seen a rise in popularity leading to a surge in NFT sales to $10.7 billion reportedly, sparking massive interest and causing many to look at NFTs as the way forward for blockchain mainstream adoption.
“The rapid growth of the NFT market and the rising interest in the metaverse represent a unique opportunity to cultivate a global audience who want to own a piece of Egypt,” said Hatem Kandeel, founder and CEO of DAF. “Through this partnership with Next Decenturm, we plan to launch multiple projects in collaboration with Egypt’s top artists and museums.”
Victory Square said teams for both Next Decentrum and DAF have been working closely together for the past few months. The partnership has already resulted in the launch of Crypto Pharaohs by Next Decentrum -- an iconic collection of NFTs inspired by the culture and heritage of ancient Egypt.
The two companies will be working with museums, cultural organizations, and artists to launch digital collectibles that put Egypt into the hands of collectors and lovers of the culture from around the world through:
- Introducing ultra-rare NFTs inspired by Egyptian history, art, and culture
- Collaborating on special events, media campaigns, and promotions
- Bringing awareness of the growing digital collectibles sector
- Increase participation from the MENA region starting with Egypt
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