Hue Royal Antiquities Museum builds Metaverse incorporating RWA

Hue is becoming a pioneer in applying blockchain technology in the field of cultural heritage development and preservation. In 2024, the Hue Royal Antiquities Museum built a Metaverse virtual space combined with RWA to begin testing to serve visitors.

Here are BeInCrypto's observations and experiences about this Metaverse space.

Also Read: Practical examples of blockchain technology applications in Vietnam

Metaverse applied in museum tours

According to Baotintuc - the information channel of Vietnam News Agency - Hue Monuments Conservation Center has collaborated with Phygital Labs Joint Stock Company to build the digital exhibition space "museehue.vn". museehue.vn is built as a digital museum, in which visitors play the Vai of virtual characters and visit a virtual space ( Metaverse ) as if in a Vai-playing game.

At present, this virtual space includes 10 valuable artifacts originating from the Nguyen Dynasty in Vietnamese history, currently managed by the Hue Monuments Conservation Center. With such a digital exhibition, visitors from all over the world do not need to come to Vietnam to have the opportunity to learn detailed information about each artifact, from its origin to its historical significance, and view vivid, intuitive 3D images.

According to Phygital Labs, this digital exhibition also allows users to have a multi-sensory experience on many modern electronic devices, including Apple Vision Pro virtual reality glasses, Meta Quest. Mr. Nguyen Huy - General Director of Phygital Labs Joint Stock Company - revealed that by the end of 2024, the number of artifacts will increase by 98 more artifacts.

RWA supports museums in increasing revenue and promoting culture

Not stopping at building a virtual reality space, the Museum is also planning to distribute souvenirs that are certified copies of Nguyen Dynasty artifacts. This is a RWA (Real World Asset) solution deployed to digitize real-world assets, ensuring that the souvenir copies are the “owners” of the Museum and can be traded on digital or physical digital markets.

According to BeInCrypto's research, this RWA solution is implemented by attaching an NFC chip to each artifact, which has the function of encrypting data, preventing counterfeiting, and ensuring the unique 1-1 link between the digital version and the physical version. The digital version of the artifact will function as an Non-Fungible Token using blockchain technology.

At that time, the Hue Monuments Conservation Center will be the unit with enough prestige and ability to issue copyright certificates for these digital souvenir copies. Visitors will feel valuable when owning such genuine Non Fungible Tokens , in addition, the heritage management agency will have additional revenue through copyright fees on each product sold.

Hue is a pilot and pioneering locality, in a context where the legal corridor for trading digital products with blockchain applications is still unclear.

Hopefully, in the coming time, the Law on Cultural Heritage (amended) passed by the National Assembly will clear the bottleneck, creating an open corridor and favorable administrative procedures for investors participating in the exploitation of heritage resources.

Director of Hue Monuments Conservation Center Hoang Viet Trung commented.

Join the BeInCrypto Community on Telegram to learn about technical analysis , discuss cryptocurrencies, and get answers to all your questions from our experts and professional traders.