Slovenia plans to mint national NFT tokens as gifts at Crypto Expo Dubai, banking on the growing crypto craze. The country’s world’s first promo experiment aims to boost tourism to Slovenia.
Slovenia is set to make an impression as a crypto-friendly nation at Dubai’s upcoming mega-event. The country will become the world’s first nation to issue its own non-fungible tokens (NFTs) and offer them as visitor gifts at the “CED2021: Crypto Expo Dubai” later this month.
According to Total Slovenia News, Slovenian authorities are aiming to capitalize on the rapid crypto expansion and promote its businesses and tourist attractions.
Simon Zajc, the state secretary of Slovenia, had announced this plan during the European Blockchain Week in September.
“Slovenia is thus being presented at EXPO Dubai 2020 as an innovative, digital, and smart destination whose pavilion is certainly worth a visit for its distinctive leafy facade, interesting content, new business opportunities, and the NFTs,” he said.
NFTs are unique digital assets tied to digital objects such as art, music, in-game items, and videos that can be bought for cryptocurrencies.
Slovenian NFTs will represent the unique 3D panorama pictures of the landscapes of the country. Visitors of Slovenia’s pavilion at the expo can get them as gifts. The NFT gift cards carry unique eight-digit pins and instructions to access a digital wallet that contains the NFT. Also, the claimers of these NFT gifts will also be able to create their personal digital wallets built on Slovenian blockchain technology.
The Crypto Expo Dubai is set to initiate discussions of the growing crypto sector in the countries of the Middle East and Africa. The mega-event on October 12-15 will host over 3,000 visitors and more than 30 prominent crypto experts to dispute the future of the digital finance sector and the role of crypto in it. The focus will include decentralized technology and the future of cryptocurrencies.
Also, crypto experts will discuss the growing NFT craze, which became one of the fastest-growing crypto assets in 2021. Gathering the global NFT ecosystem under one roof, the summit will be combined with the first and the biggest NFT expo, presenting hundreds of NFT projects and the most famous NFT marketplaces, holding an auction on the spot.
As recently reported, sales volumes of NFTs surged to $10.7 billion in the Q3 of 2021, up more than 700% from the previous quarter, according to data from market tracker DappRadar, as the interest for crypto assets reached new highs.