Romania's ICI Bucharest Launches NFT Trading Platform for Web3 Adoption

Luisa Crawford  Apr 25, 2023 15:58  UTC 07:58

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Romania's National Institute for Research and Development in Informatics (ICI Bucharest) has set its sights on driving Web3 adoption in the country with the launch of its very own institutional NFT trading platform, ICI D|Services. This platform is set to go live on April 26, and aims to bridge the gap between private and public sector institutions and users through its NFT marketplace. Public and institutional users can now create, manage and trade their own unique NFTs on this platform.

For the past five years, ICI Bucharest has focused mainly on research and development. However, the growing interest and popularity of blockchain, Web3 and nonfungible tokens worldwide have prompted the institute to explore this area. According to Dr. Mihnea Gheorghe, Director General of ICI Bucharest, NFTs have gained significant traction in recent years due to their ability to create unique and scarce digital assets, which can be applied to numerous use cases. This has made them valuable assets for institutions, leading to the proposal of the NFT platform within ICI Bucharest in late 2021.

As a result, ICI Bucharest began developing and implementing the marketplace system's architecture in partnership with MultiversX in mid-2022. This strategic project marks the first time the institution is working with the blockchain infrastructure provider.

By launching ICI D|Services, ICI Bucharest aims to support Web3 adoption in Romania and enable the country to embrace the opportunities offered by blockchain technology. The platform also seeks to create a link between institutions and users, promoting the growth of the NFT market and blockchain-based solutions in the region.

With ICI Bucharest's new institutional NFT platform, Romania can expect to see a rise in interest and adoption of Web3 and blockchain technology. By providing a secure and reliable platform for NFT trading, ICI Bucharest is helping to pave the way for a more decentralized future.

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