How Religion Is Influencing the Blockchain Sector

The crypto industry bears all the hallmarks of religion: the mysterious identity of bitcoin’s founder Satoshi Nakamoto has elevated him to the status of a spiritual force. The influence of spirituality or faith has been present since the genesis block of Bitcoin in 2009. It is not a new concept that has come out of thin air but the level of influence of religions is now evolving into something new, changing the blockchain and crypto sector.

With so many developments taking place in this space, the ”religion factor” is heavily influencing various projects. In fact, many projects are incorporating a religion-based approach to empower communities through blockchain solutions such as NFTs and the metaverse.

Imbibing this out-of-the-box approach, MetaKawn — an NFT and metaverse project — is making headway into the Web3 space. They are building the first Metaverse inspired by modern Muslims, and open to everyone who shares the same human values. Moreover, they are Bridging the gap between content creators from every niche while also benefiting their fans. And, to add an extra layer, a % of royalties from NFT transactions will go to the Kawn Fund in order to support Causes (Charity Programs) and Creators.

Cryptocurrencies have been developed to facilitate peer-to-peer transactions that operate independently from the central bank. They were designed for borderless transfers as they weren’t limited to one country or territory and there was no authority controlling the money mechanism of those assets.

Although they were designed as currency, it took no time leading to being a speculative asset for trading. Currently, there are thousands of cryptocurrencies available, and the majority of them are a gamble due to their large fluctuations in their prices. Adding to this, the introduction of NFTs has also sparked debate because of their speculative nature like cryptocurrencies. In fact, most of them are pump and dump that have drained millions of dollars of investors.

MetaKawn, on the other hand, is very different from other projects with its MetaKawn huffaz NFTs. It adheres to Islamic principles that forbid speculation and trading. It aims to enter the NFT and metaverse space respecting Islam social ethics. Moreover, it is creating the world’s first metaverse for modern Muslims who are proud of their heritage while embracing modern life around the globe. Ultimately, it is bridging the gap between content creators and their followers by ensuring fairness within the community.

By employing NFTs and the metaverse, MetaKawn is aiming to scribe Quran into the blockchain, by launching its first NFT collection, dubbed the MetaKawn Huffaz Club.

The collection includes 6,348 unique NFTs that represent a generation of modern Muslims, Huffaz Women, and Huffaz Men. The collection comes along with having meaningful and robust utility.

The inspiration comes from the concept of the Huffaz, who preserved the Quran since its inception and thus protected Islam’s values.

There are many similarities between the Blockchain system and the process of reserving the Quran. Back in time, the new verses of the Quran would be introduced to all the record holders (Huffaz) and let them know where the verse should be recorded in reference to other verses, thus slowly building the first Blockchain, the Quran.

The total number of avatars in the MetaKawn Huffaz Club is 6.348, corresponding to the sum of Ayats in the Quran. For every Huffaz NFT, one Aya will be dropped to its holder by the last 10 days of the month of Ramadan.

The MetaKawn Ambassadors Huffaz will power the MetaKawn Huffaz Club, which will include a wide range of categories. Moreover, many Ambassadors, celebrities worldwide known from various fields, will be selected to be a part of the program. The ambassadors’ goal is to strengthen their relationships with their audiences by providing exclusive benefits through the use of NFT and blockchain technology, and also by spotlighting modern Muslims’ success stories.

Religions have a significant impact on the blockchain industry. In fact, this is only the tip of the iceberg, as more religions and cultures will undoubtedly join the NFT and metaverse craze going forward. And, projects like MetaKawn leading this innovation, it is evident that religious influence on blockchain projects is here to stay. NFTs and the metaverse have opened doors for innovations and new ideas. And, with more culture and religion influencing the blockchain space, it is right to say that we are on our way to a better future.