New president of Israel is sworn in at NFT during his investiture

A week ago, the Israeli Parliament found in its basements the original wording of the oath of office, signed by former president, Chaim Herzog. This moved the parliament that decided to deliver a version of the document in non-fungible token (NFT) format, to President Isaac Herzog (son of Chaim), just before his inauguration, last July 7

According to Israeli Parliament officials, the goal of this delivery is to”connect the past with the present.” This act, they say, makes your parliament the first in the world to present the drafting of a declaration in this format. NFT’s use encryption technology to create unique digital objects.

Knesset president Mickey Levy expressed the hope that the president would be moved by this delivery.

“I am excited to introduce President Herzog, a special memory of his father that includes the wording of the oath he signed 38 years ago. ( … ) It is a great honor for the Knesset to implement one of the most innovative technologies in the world to preserve such an important historical document for future generations.”

(Mickey Levy, Speaker of the Parliament of Israel)

They also gave the president-elect a hard copy of the document so he can hang it in his new office. Yitzhak Herzog, was elected last June 2 with 87 votes of the deputies.

Although the Israeli Parliament he only spent a few hundred séquels (local currency) to create the archivebecause of the NFT’s global success, it could increase its value to millions of dollars.

Other governments around the world also explore NFT

Although the NFT market has been little explored by the world’s governments, some have been encouraged to take the first steps. For example, a non-fungible token was recently launched in Venezuela commemorating the 200th anniversary of the Battle of Carabobo. This technology gives digital creations a certificate of authenticity impossible to replicate.

As we have recently reported in Crypto News, the sales volumes of the NFT market, have reached $ 2.5 billion, during the first half of the current year.

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