Monday, November 29

Venezuela immortalizes the Guinness Record for the world’s largest orchestra with an NFT


Key facts:
  • Venezuela broke the Guinness Record for the World’s Largest Orchestra last weekend.

  • At first, the NFT was trading for 0.67 ethers.

After the National System of Orchestras of Venezuela won the Guinness Record for the largest orchestra in the world over the weekend, the government of Nicolás Maduro immortalized the official certificate of the feat in a non-expendable token (NFT).

So reported the national superintendent of crypto assets, Joselit Ramírez, who via Twitter indicated:

From the National Superintendence of Criptoactivos we celebrate this new milestone conquered by the National System of Orchestras and immortalize it on the Blockchain with this NFT that represents the great pride we feel as Venezuelans.

Joselit Ramírez. National Superintendent of Crypto Assets of Venezuela.

The official specified that the NFT will be auctioned on the decentralized platform Rarible. The highest bid ever made for the digital collectible is 5 wrapped ether (wETH), or about $ 20,000, depending on the site.

In detail, the NFT was listed on the page by an account called Advisor and is owned by an unidentified person. It is a user who appears to have been created with the sole intention of selling the art.

At first, the NFT was offered for 0.12 ETH. At that price, it was bought by a user, also anonymous, who later re-listed it, but now for 0.67 ETH. Another person, who also did not identify himself, bought it for 0.67 ETH and listed it at that same price.

Here is the interesting thing. Another NFT enthusiast who, according to his history in Rarible, was the one who acquired the first non-fungible token launched by the Venezuelan State in June of this year, hizo the offer by 5 wETH.

While the auction ended with the bidding of 5 wETH, the site has not been updated. However, it may do so over the course of this Monday. Thus, this user would be the owner of two NFTs launched by the Venezuelan government.

It is the second NFT sold by the Venezuelan State / Source: Rarible

Venezuela’s first NFT

As said, there are already two NFTs of the Venezuelan State. The first was issued in June in commemoration of the Battle of Carabobo, one of the most important in the War against Spain that defined the independence of Venezuela, around 1821.

The token, which is literally the government poster that also was hanged physically in the streets of the country, was also traded on Rarible and have a current price of 7 ethers.

As reported by CriptoNoticias, the token was listed on June 24 on Rarible. It was coined by an account called Advisor or Asesor (as is now the case with this new NFT).

The difference is that now, this NFT of the orchestras has an unidentified owner. The first belonged to a person named Óscar J. Rojas, of whom no further information was obtained on its link with the National Superintendency of Cryptoactives.

In Venezuela, NFTs are not new or unknown objects. There is already part of the population that has a relationship or knowledge about this kind of digital art for sale.

In fact, and as published by this medium, there have been cases of Venezuelans who, thanks to the NFTs, they have been able to save his life. This is the case of Alfonso Morales.

The largest orchestra in the world

As the superintendent pointed out on Twitter, the new State NFT seeks immortalize the Guinness Record certificate, awarded to “El Sistema”, as it is known in Venezuela.

But what did they do? The Saturday, November 13, 12,000 musicians gathered in the Plaza of the Military Academy in Caracas to play the Slavic March, a musical piece by the Russian composer Pyotr Ilyich Tchaikovsky, with which the first record had been broken, belonging to Russia.

They broke Russia’s record as the largest orchestra in the world. Source: VTV / vtv.gob.ve

Thus, and after 12 minutes of harmonious music, the entire presentation was subject to an evaluation by Guinness, which lasted for 8 days. Finally, what many expected was confirmed.

For the conductor of the orchestra, Eduardo Méndez, “it is a great honor that the children and young people of Venezuela receive” in what he described as “a feat.”

“Today Venezuela should feel very proud of what it has, for those children, those young people, not only the 12,000 who were there, but for that million children who are part of the system,” said Méndez, according to what was reviewed by the Efe agency.





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