First Blockchain Monument unveiled Slovenia

The first-ever statue to commemorate blockchain technology have been mounted in Kranj, Slovenia. Reuters reports that the statue was blockchain monument at a roundabout next to the courthouse in Kianj, in the country’s fourth largest City.

Details of the statue

City officials who spoke to journalists said that the statue was unveiled in an opening ceremony on Tuesday, March 13. The monument which bears the trademark Bitcoin symbol at its center has a diameter of about seven meters and weighs three tonnes. The Bitcoin sign—a ‘B’ symbol crossed by two vertical lines—was chosen by the public to represent both Bitcoin currency and blockchain technology.

The mayor of Kranj told Reuters that they sought the opinions of the citizens through their social media. He said, “We asked citizens on our Facebook page to decide what to place in the new roundabout and this was one of the first ideas we received”

Respondents chose Kranj probably due to the number of blockchain companies located in the area. Digital currency exchange Bitstamp and Slovenia-based 3fs, a software company that uses blockchain paid for the statue.

Blockchain Slovenia Initiative

Slovenia is one of the best countries where blockchain startups thrive leading some analysts to refer to it as the silicon valley of Europe. Though the country does not see cryptocurrencies as legal tender, their stance on blockchain has always been favorable. In a paper, Digital Slovenia 2020, the country laid out plans to establish a Blockchain Slovenia initiative. This now attracts blockchain startups to the country.

Blockchain-relates arts

Slovenian city of Kranj may be the first to approve a blockchain monument; it certainly is not the first attempt to depict cryptos with art and monuments. Last week, Lithuania’s Central Bank announced that it will launch a cryptocurrency coin as a collector’s item for crypto enthusiasts. Cryptoarts and similar projects create cryptocurrency related artworks.

Solomon Sunny is the market reporter for Smartereum, one of the global leaders in Ethereum, blockchain and currency news. He produces technical price updates on digital currencies and writes recent developments about blockchain.


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