Source: blockchain.news
UK-based NFT marketplace Metadee has announced plans to sell all five volumes of the oldest handwritten Quran manuscript currently in NFT format.
Offered in the form of artwork and digital collections, Metadee said earlier in July that it marked the third, fourth and fifth volumes of the Quran, which were handwritten by Zayd ibn Thaabit, the personal scribe of the Prophet Muhammad.
He served as the main recorder of the texts of the Koran.
Physical copies of the first and second volumes of the Quran will be auctioned off, while all five volumes will be available for public collection and will be accessed in the form of NFTs.
A non-fungible token (NFT) is a special type of encrypted token that represents unique collectibles. An NFT is used in specific applications that require unique digital items, such as encrypted art, digital collectibles, and online games.
According to Arab News, Matadee founder Deepali Shukla said: “NFTs of the Qur’an” are limited, digitized versions of the earliest manuscript, handwritten in ink by the Prophet’s personal scribe (and) because of their immeasurable historical value and culture. value, the manuscripts are being viewed as a prized treasure by worshipers and art collectors alike.”
This rare Quran manuscript is believed to have been written in 632 AD. C. and has been certified by the Oxford University Archeology and Art History Research Laboratory. Bringing enduring wisdom to humanity for 1400 years.
Volumes 3, 4 and 5 of the manuscript each have 1 million NFT and can be purchased for $200 per volume. Bids for the first and second volumes start at $25 million per volume, with the winning bidder for each volume receiving a physical copy and NFTs.
The original manuscript is preserved in Geneva, Switzerland.
As non-fungible tokens (NFTs) help build authentic intellectual property, this is one of the key drivers expected to drive the sector to a valuation of $97.6 billion by 2028, according to a report from Research and Markets.
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