Union Bank of the Philippines (UnionBank) is leveraging its expertise in blockchain technology in a partnership with the non-profit organization Center for Art, New Ventures and Sustainable Development (CANVAS.PH) to help artists and collectors navigate the emerging non-fungible token (NFT) art space.
The partnership was made official through a virtual signing event last February 17 between Cathy Casas, UnionBank's Head of Blockchain Center of Excellence (BCOE), Digital Assets Markets Unit and API Marketplace; and Gigo Alampay, Executive Director, CANVAS.PH. They were joined by former Department of Energy (DOE) Secretary Popo Lotilla, who introduced CANVAS.PH to UnionBank, and who has set his eyes recently on the transformative potential of blockchain technology especially here in the Philippines.
"Through this partnership, we want the public to know that UnionBank supports NFT art and intends to be involved in this emerging space. Primarily, the goal is to empower and educate artists and collectors to mint their own NFT. We also aim to draw attention to CANVAS.PH's advocacy and artworks so that they may also attract interested buyers and supporters. We are proud of our Filipino artists. Their pursuit of NFT as a new medium is a true example of innovation in action," said Henry Aguda, Senior Executive Vice President, Chief Technology and Operations Officer and Chief Transformation Officer, UnionBank.
More ronnotthedj.com updates? Like and follow us at @ronnotthedj on Twitter and Instagram, facebook.com/rntdblog and subscribe to Ron Not The DJ On Youtube
