MIAMI, Jan. 12, 2023 (GLOBE NEWSWIRE) — Quantum Temple, the Web3 platform dedicated to the preservation of cultural heritage, has announced $2 million in pre-seed funding led by Borderless Capital, with participation from the Algorand Foundation, Outliers Fund, Shima Capital, New Moon Ventures and NxGen, as well as other strategic angel investors.

Quantum Temple is using blockchain technology and non-fungible tokens (NFTs) to preserve cultural heritage and facilitate equitable exchanges between collectors and ancestral communities. With the help of a multidisciplinary team of advisors, Quantum Temple has created a decentralized platform that documents and finances expressions of cultural heritage through digital, physical and experiential NFTs. By taking on the important task of preserving the knowledge and traditions of ancestral communities at risk, Quantum Temple is helping to ensure that these cultural expressions are not lost due to unequal distribution of wealth, conflict and forced migration.

The creation and sharing of NFTs enable new sources of income for local artists and culture managers by co-creating and distributing physical and digital artifacts that preserve their cultural heritage on the blockchain and drive regenerative funding for their communities. . It encourages younger generations to stay involved in their family traditions, protect their cultural heritage, and raise awareness by transparently distributing NFT royalties directly to cultural custodians in perpetuity.

Quantum Temple is truly built on a multi-disciplinary alliance between custodians of culture, government institutions, civil society, curatorial anthropologists, and content creators to tokenize tangible and intangible cultural heritage. The initial board of advisors includes:

• J. Stephen Lansing is an American anthropologist, external professor at the Santa Fe Institute and the Complexity Science Hub Vienna; visiting scholar at the Hoffman Global Institute for Business and Society at INSEAD Singapore, and emeritus professor of anthropology at the University of Arizona. He is especially known for his decades of research on the emergent properties of human-environment interactions in Bali, Borneo, and the Malay Archipelago; socioecological modeling and complex adaptive system;
• Vibeke Sorensen is an artist and teacher working in digital media. Her research at CASBS will include explorations of musical and calendrical polyrhythms from Bali to Kauai using digital media and the emergence of Jungian archetypes from dream webs;
• Eva Maria Düringer Cavalli is an Austrian fashion designer, former creative director of Roberto Cavalli, and winner of the Miss Austria title;
• Dr. Mario Hardy Former CEO of Pacific Asia Travel Association (PATA). PATA is the largest non-profit, apolitical organization in the field of travel and tourism;
• Alexandra de Royere is a Senior Business Advisor and Senior Research Fellow at Harvard Business School with more than 30 years of experience developing sustainable fashion and luxury brands. She is a collector and defender of modern art, a member of the international ArteBA foundation and Tokyo Art Club.

“Quantum Temple is using blockchain technology to not only enrich our collective understanding and appreciation of cultural heritage, but also generate income for artists and artisans who are stewards of valuable cultural resources. This represents the promise of Web 3 technology: Benefiting the many and not just the few,” said Matt Keller, Director of Impact and Inclusion at the Algorand Foundation.

“Quantum Temple is one of the few Web3 projects creating social innovation and social impact on a global scale,” said Poseidon Ho, founding partner of Outliers Fund and an early investor in Quantum Temple.

“We are committed to building a transparent and regenerative financing model to preserve cultural heritage. We are committed to using blockchain as a regenerative financial infrastructure to enable a new transparent and equitable financing model to preserve cultural heritage and positively impact ancestral communities working in the sector,” said Linda Adami, CEO of Quantum Temple. “To achieve our mission, we are connecting philanthropists and patrons of culture who are committed to the protection of cultural heritage and its role in maintaining our collective identity, beliefs and purpose.”

Philanthropists, pioneers and conscious travelers can become founding members of the Quantum Temple community through the Cosmic Egg Membership NFT with an Impact Fund to drive Web3 inclusion and preservation of the cultural heritage of ancient communities. Multiple series of NFT collections for cultural heritage, artifacts, and experiences will follow. For more information on Quantum Temple and Cosmic Egg memberships, visit quantumtemple.xyz

About the Quantum Temple

Quantum Temple is the Web3 platform that preserves cultural heritage. Our platform enables equitable exchanges between conscious collectors and ancestral communities to protect and share knowledge, traditions, and art forms from cultures around the world in perpetuity through blockchain technology. For more information, visit quantumtemple.xyz. For updates, follow Quantum Temple on Twitter, Instagram, Youtube, Linkedin, TikTok and Medium

About Borderless

Borderless Capital is a venture capital firm focused on seed investment in web3 and crypto. With a portfolio of more than 200 investments, Borderless has offices in Miami, Orlando, Denver, Madrid, New Delhi and Mumbai. The company is actively making new investments from a family of funds in EdgeFi, Algorand, and xChain Funds. Borderless has launched global accelerators on five continents and has a strong commitment to actively work with and support founders. The firm was founded by Arul Murugan and David Garcia, serial entrepreneurs turned venture capitalists. https://www.borderlesscapital.io/

About the Algorand Foundation

The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open source software, which was initially designed by Silvio Micali and a team of leading scientists. Learn more at www.algorand.foundation

About Outliers Ventures

Outlier Ventures has been supporting startup founders since 2014. Following tremendous growth in 2022, it is now the leading global Web3 accelerator and the top three crypto investors globally by investment volume, with a recognized reputation as the authority on reference for the founders and investors of Web3. and business, to help shape the future of the Metaverse. Outlier Ventures plans to grow its portfolio to more than 180 startups by the end of 2022, raising $350 million in seed funding in its various accelerator programs and supporting the launch and growth of several multi-billion dollar crypto economies, including Biconomy, Boson Protocol and DIA Data. For more information, visit www.outlierventures.io

For press inquiries, please contact Katy Wagner at Katy@howl.xyz

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0648a885-d4fe-4ec2-a547-52967ede9b8b