There are now high expectations that Romania will experience a significant increase, particularly in the areas of Web 3.0 and blockchain technology adoption.
The National Institute for Research and Development in Informatics (ICI Bucharest) will introduce a national non-fungible token (NFT) trading platform in an effort to promote Web 3.0 adoption in Romania.
With the introduction, Romania will attempt to close the divide between private and public sector institutions and end consumers.
According to the report, five distinct NFT collections have been created in collaboration with prominent Romanian individuals and institutions. Consequently, they are anticipated to launch alongside the platform on Wednesday.
According to Dr. Paul Niculescu-Mizil Gheorghe, the coordinator of the ICI Bucharest blockchain laboratory, it wasn’t until recently that Romania began investigating the limitless possibilities of blockchain and Web 3.0 technologies. According to Gheorghe, ICI Bucharest predominantly invested in research and development. However, as global trends demonstrated a developing interest in these technologies, particularly NFTs.
Gheorghe elaborates on why NFTs have gained so much traction in recent years. According to him, their distinctiveness, rarity, and versatility have all contributed to their growing popularity. As such, they are now extremely valuable assets, even for institutions like ICI Bucharest.
Additionally, the coordinator praised the Romanian government for its support of adoption. Gheorghe asserts that the Romanian Ministry of Research, Innovation, and Digitalization fully supports ICI’s NFT endeavor. The initiative also has the support of the General Secretariat.
ICI Bucharest proposed the NFT platform for the first time in late 2021. And by mid-2022, the institution had partnered with MultiversX as efforts to develop the architecture of the marketplaces accelerated.
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