Launching Secret Blockchain-Powered Museum In Santa Monica

Jamal Molla
Written By Jamal Molla
I write about cryptocurrency, with a special interest in NFT and metaverse in particular.

The cryptocurrency and blockchain space is home to thousands of projects that are offering value to users. To incentivize its users, a startup firm secretly launched a blockchain-powered museum in Santa Monica. Thomas McLeod, the founder of the startup firm said the thought to establish the first decentralized physical museum stem from his last company, Omni, a physical storage facility created in 2019 by Coinbase.

Historical records, statements, and artifacts are kept in safe storage with restricted access, so creating the Archive will help affect the crypto communities in a positive light. “We thought it would always be like utility items and we started getting full sneaker collections, old posters, records, comic books that were valuable and we sort of had a panic attack. Business [Omni] Storage was created around bikes, and you can’t protect an old record next to a dirt bike. They just don’t store it that way,” McLeod said in an interview granted to Dot LA.

McLeod is a committed entrepreneur of many sides; he had earlier created startups like PageLime and LolConnect. Both PageLime and LolConnect were created by SurrealCMS and Tencent in 2015 and 2012 respectively.

Items in the newly launched blockchain-powered museum are handpicked by partners who vote on which item to develop. The Archive has over 300 users with so many others waiting to join the community. McLeod told dot.LA that his company plans to increase the number of users to 50 people per week, with an admission boundary of 1,000 for the first level. “While membership to the community is free now, the narrative may change in the future,” McLeod said.

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Interested members of the public who wish to become a partner can visit the Archive’s website. While on the website, potential partners will answer a few personal questions about their duties and investments before joining the community. The Archive has its own “atrium” just as a physical museum has a lobby. Each partner will be able to record and index their crypto wallet, and can also vote on the artwork or piece of art to archive.

Partners can learn about each artifact to make informed decisions before voting. According to McLeod, members will have up to five days for voting. After the voting window closes, members can then view artists’ collections through the gallery. Since the launch of the Archive, the company has developed two items, which will be displayed in the archive’s initial public exhibition in December 2022 at Art Basel Miami Beach.

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