Rarely does a story come full circle, or history repeat itself, more beautifully and fittingly than this.
Banking on their two significant inventions - papermaking and printing - the Chinese developed, arguably, the world&rsquos first currency in the 7th century during the time of the Tang dynasty. It was only six centuries later that Europe developed its own paper money, largely owing to the discoveries of explorers such as Marco Polo who brought the knowledge of many technologies of the Orient to the West.
And now, in the 21st century, China has scored another first when it comes to currencies. IZBLU Labs, a digital arts hub that promotes Chinese heritage and culture through blockchain technology, launched the Time Travel X Banknote NFT series - a project that brings to life authentic and antique, rare Chinese banknotes from the country&rsquos past - in September 2021. Each animated NFT note is beautifully designed, replete with Chinese mottos, symbols, landmarks and period-specific imagery that offer one a glimpse into China&rsquos rich history and culture.
For this project, IZBLU Labs selected the most representative periods from the country&rsquos history. The animated notes have all been developed from the precious, authenticated banknotes in the collection of well-known collector Norman Lin. The following 10 notes have been released as NFTs in the first series
This project - which IZBLU Labs has done in collaboration with BOAX, a premium NFT
marketplace which allows users to trade digital assets - is a win-win for Chinese heritage lovers as well as potential investors. The NFT notes have been reported to be non-replicable and unalterable, thus allaying concerns of transparency and provenance.