Fintech & Cryptocurrency

Imagindia issues Central Vista Root-Wood coin & NFT token

On the occasion of the 73rd Republic Day of India, the Imagindia Institute, a new-age global think tank and incubator, announced that it has minted and is issuing a set of 31 hand-made root-wood coins that have been made from the root-wood of a tree that was excavated during the construction of the Central Vista in New Delhi.

“As a new parliament comes up in the Central Vista in New Delhi, these unique and novelty  root-wood coins, made from the roots of a tree under the Central Vista, are a piece of history, and a salute to the roots of democracy in India. Where displayed, these coins are tasked to spread the aroma of democracy, a spirit of innovation, and a global culture of live and let live,” said Robinder Sachdev, president, Imagindia Institute.

Where displayed, these coins are tasked to spread the aroma of democracy, a spirit of innovation, and a global culture of live and let live

“It took us over a year – from conception of idea, to arrange for the root-wood, to the minting of these coins – to create these once-in-a-lifetime articles of art, which are collectibles, and can be passed from generation to generation,” he added.

The root-wood was sourced from the construction site, with due process, from among the many root-stumps that were being removed to flatten the grounds for new construction.

“We see these coins also as messengers and champions of democracy and innovations, reminders and re-connects of our civilizational and personal roots, and respect for our ecology and Mother Nature, and her bounty that has blessed us,” he says.

Since there is only a limited number, Imagindia shall also allocate some coins towards a travelling exhibition, and lend these coins at no-cost to schools, colleges, museums across India, to display for 2-4 weeks in their campuses. These serially numbered coins are also intended to be registered as Non-Fungible Tokens (NFT), and thereby the digital art authenticity registered in the block-chain ledger, in perpetuity.

 

 

“We hope to spread a message of celebrating our Indian roots, democracy, and art, via the circulation and display of these coins, nationally, and globally. The presence and circulation of these coins in the world of digital art will further add value to spread the message of India’s roots and democracy globally,” he said.

Navanwita Bora Sachdev

Navanwita is the editor of The Tech Panda who also frequently publishes stories in news outlets such as The Indian Express, Entrepreneur India, and The Business Standard

Recent Posts

Misinformation & deepfakes help weaponize AI: Should AI be as open as the internet then?

The ability for AI to spread misinformation has been reaching hair-raising lengths, another and possibly…

1 day ago

What employees want: Not everyone feels ready to flow with AI at the workplace

Artificial Intelligence is everywhere now. It’s safe to say that organizations have either fully adopted…

4 days ago

Are business markets safe from Grok AI?

With the rise of advanced AI models such as Grok AI developed by Elon Musk's…

5 days ago

Geek Appeal: New gadgets & apps on the block

The Tech Panda takes a look at recently launched gadgets & apps in the market.…

6 days ago

Beyond points: How tokenized rewards are revolutionizing customer engagement

With the modern-day competitive business world, customers' engagement stands on the top agenda of every…

6 days ago

Indian Air Force obtains BLE tool tracking system to enhance airbase safety

In a significant move to modernize airbase operations, the Indian Air Force (IAF) is going…

1 week ago