Romanian Government NFT Trading Platform Lands on MultiversX

Romania’s National Institute for Research and Development in Informatics, or ICI, plans to launch “ICI Decentralized Services,” an NFT trading platform on MultiversX.

The platform will officially launch on April 26 and a handful of NFT collections — of Romanian sports teams, athletes and libraries — will be ready for purchase at launch.

In fact, the ICI itself will be launching an NFT collection titled “Past Present Future,” which it says will showcase scientific breakthroughs and technological advancements over the past half-century.

The Romanian NFT trading platform will mark one of the very first government initiatives in the country to join the digital asset ecosystem.

Beniamin Mincu, co-founder and CEO of MultiversX, told Blockworks that digital property remains a very clear value proposition that exists for blockchains.

“The ability of any kind of value (i.e certificates of authenticity, real estate records, property titles) to become digital, liquid, instantly, and globally tradeable will give the world economy superpowers, drastically reduce bureaucracy and guarantee ownership over assets for anyone, anywhere,” Mincu said.

It is exciting to see European governments looking into innovation for economic growth projects, he added.

The institutional NFT trading platform is not the only product the ICI plans to launch.

In a press release reviewed by Blockworks, the ICI notes that it hopes to equip society with tools that enable trading and managing digital assets in the near future. With plans to look into tokenizing institutional ecosystems such as education, intellectual property and real estate, just to name a few.

“For the National Institute for Research and Development in Informatics – ICI Bucharest, this is a noteworthy step towards Innovation by developing and building a framework for a sustainable and secure economy, benefiting the interaction between citizens, businesses and institutional entities in decentralized digital ecosystems,” the ICI said in a statement.

The ICI did not immediately respond to Blockworks’ request for comment.

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