LONDON’S DIGITAL NFT MARKETPLACE METADEE LAUNCHES THE PROPHET MOHAMMED’S SCRIBE QURAN AS A NFT!
A historically significant, handwritten Quran text was recently made available on the newly established London digital NFT marketplace Metadee.
The handwritten Quran is currently owned by the custodian family and is securely stored in Geneva, Switzerland. It has been authenticated and confirmed by the research lab for archaeology and art history at the University of Oxford.
The family has conserved some of the volumes, never opening them because they were signed by Zayd ibn Thabit, the Prophet Mohammed’s scribe. Over the ages as they have traveled across contemporary Syria, Madinah, and Makkah.
The handwritten Quran has finished about 1,500 years ago. Metadee is now making it available to the general world as an NFT. Deepali Shukla, the founder and managing director of Metadee, predicts that the market for rare collectibles will grow to $700 billion by 2032.
Rare collectibles and sacred artifacts fill in the market gap that the NFT market might have been missing, according to Shukla, speaking to The National.
Rare collectibles and sacred texts can now be more easily accessed thanks to tokenization, which also helps share historical knowledge among young people worldwide.
From the handwritten copy, Metadee is tokenizing volumes three, four, and five and selling the NFTs for $1 million a piece.
Shukla, a collector and lover of art thinks NFTs are the way of the future.
“Compared to our everyday transactions, NFT transactions are more secure because they are blockchain cryptographic assets. It contributes to the prevention of piracy and offers fair chances for the promotion and sale of artistic works.
The degree to which such digital artworks grant creators control over their work is one of the key draws of NFTs. In addition, NFTs employ immutable distributed ledgers that everyone within the network can access since they are kept on a digital blockchain. This gives NFT creators and users more control and protection, enables the authentication of actual work, and lessens fraud-related problems.
