Oroundo, the Culture-on-the-blockchain pioneer, has announced the decision to open offices in Malta to operate its blockchain based cultural-platform.

The Company retains the objective to create the largest social network and the most significant partner for culture and tourism. Apart from creating and operating a mobile-based tourism platform that offers interactive visitor experiences, the firm also designed and managed Cultural Places.

Patrick Tomelitsch, Co-Founder and CEO of Oroundo, commented: "With Malta fast becoming a European and global hub for blockchain-based and crypto companies, it was only natural for us to explore opportunities. We are very encouraged by the government's keen interest in the sector and its vision, and together with Malta's unique cultural heritage we believe that it is a natural-fit."

"As a Company, we were impressed with the way we were received by all the authorities and Government and this clearly shows the commitment the Government has to developing this sector. We look forward to opening our office in Malta and to contribute to the development of the blockchain ecosystem that is developing."

Cultural Places is the first holistic platform in the cultural sector which connects visitors, institutions, artists, content creators and donors. By redefining the relations between all stakeholders and creating new business opportunities, Cultural Places is making waves within the cultural sector. Coupled with its own crypto coin - the Cultural Coin - based on blockchain technology, the company is reinventing and simplifying cultural financing, sponsoring and ticketing.

Silvio Schembri, the Junior Minister responsible for Financial Services, Digital Economy and Innovation, added: "Oroundo's decision to open a Malta office is yet another confirmation that the Maltese Government is pioneering the blockchain sector on a European and global level."

"Our vision is to become the blockchain island and the laws that the Government has tabled in Parliament are a testimony to our commitment to develop a new economic sector which will generate high value-added and new employment opportunities. We are encouraged by the international feedback from companies such as Oroundo and their commitment to Malta confirms that we are on the right track to becoming the blockchain island."

Headquartered in Vienna, Austria; Oroundo operates in 6 countries with 4 offices.