WISeKey International Holding a Swiss global cybersecurity, AI, Blockchain, and IoT company today announced that it has extended its cooperation with The China Museum of Finance by creating the “MetaFi Museum,” which is not only a digital museum, but also a physical museum.
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The Jiaozi NFT is the digital twin of the world’s first government-issued paper currency featuring elements of modern paper money for circulation management and reserve payment. The paper currency was issued on January 12, 1024, in Chengdu, Sichuan, China by the Jiaozi Affairs, the earliest central bank. The bank operated for more than 400 years. It would be almost 200 years later that Marco Polo introduced the concept of paper money to Europe, and 250 years more before Sweden issued modern paper money in 1661.
The China Museum of Finance is also preparing an NFT in cooperation with WISe.ART, the Gong silver dollar, minted by the Red Army in 1928. In particular, the unique historical significance of this silver dollar: the communist movement began in Europe and was always involved in the creation of the financial system.
From the Paris Commune (1851), the First International (1864), the Second International (1889), the Third International (1919) to the former Soviet Union (1922), all the financial systems established by the communist regimes failed, but the revolutionary financial system established by the Communist Party of China, from the Jinggangshan, a remote mountain village (1928), has successfully grown and influenced the global financial system to this day. This silver coin is the prototype of the modern China currency and is worth collecting.
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China’s creation of paper money drew upon two of their other well-known inventions – papermaking and printing. Today, paper money is a core instrument of the global and national financial systems. Cryptocurrencies and NFT are also innovative developments in the history of 1,000 banknotes.
The China Museum of Finance has been promoting the spread of cross-border communication in China and the global financial industry, setting up Jiaozi exhibition halls and Jiaozi monuments in Chengdu, holding Jiaozi forums, and promoting applications for non-material cultural heritage.
The WISe.ART NFT platform is secured by WISeKey’s various security technologies enabling the authentication of digital identity based NFTs, physical objects as well as digital assets, in a safe end-to-end process. The user is in full control of its WISeID NFT and other NFTs need to request access to its identity information so WISeID NFTs users can decide by themselves what level of information they wish to share, thus keeping full control. The WISeKey approach to the Metaverse has as objective to provide safe infrastructure identity services based on blockchain technologies for a wide range of users, including individuals, corporations, and government institutions.
As our digital lives become increasingly digitalized, Metaverse will leverage the advantages of the internet to establish a virtual world for its users. Businesses and communities will depend on users’ digital identities to manage assets. As interest in NFTs continues to accelerate, WISeKey is committed to promoting a more environmentally friendly consumption and distribution model.
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