Israeli president took his father’s oath to the NFT

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JERUSALEM (AP) – Israel’s parliament has jumped on the latest trend in digital art and presented the country’s new president with a digital copy of his father’s signed oath 38 years earlier.

The Knesset handed Isaac Herzog the NFT before his investiture as the 11th President of Israel Wednesday.

Non-fungible tokens – or NFTs – use a version of the encryption technology used to secure cryptocurrencies to create unique digital objects. Technology provides digital creations with a sort of certificate of authenticity, allowing ownership of something that could otherwise be reproduced endlessly.

This new type of encrypted digital artwork has become popular and a few have been sold for millions of dollars.

The Knesset’s Technology and Computing Division extracted the oath signed by former President Chaim Herzog – the father of the new president – from the parliamentary archives and created an encrypted digital image. This NFT was loaned to the President’s Residence and presented to President Herzog prior to his inauguration.

The parliament said in a statement that Herzog “was visibly moved by the gesture”.

“Based on NFT’s worldwide success, it is possible that the file loaned to the president’s house on a secure and encrypted mobile device is already worth millions of dollars,” the Knesset said in a statement.

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