NFT of Nelson Mandela’s Arrest Warrant Raises $130,000

A South African museum, Liliesleaf Museum Heritage Site, lately raised $130,000 by way of the public sale of a non-fungible token (NFT) created from an arrest warrant issued in opposition to Nelson Mandela in 1962.

Proceeds From NFT Sale to Fund Museum Activities

A non-fungible token (NFT) minted from the previous South African President Nelson Mandela’s warrant of arrest was lately auctioned for $130,000 (1.9 million rands), a report has mentioned. The proceeds are anticipated to assist bankroll Liliesleaf Museum Heritage Site, a company that paperwork South Africa’s combat for freedom and democracy.

According to a Bloomberg report, Liliesleaf Museum Heritage Site had initially obtained the unique doc in 2004 as a donation. The warrant itself was issued in 1962 by South Africa’s then minority rulers after they accused Mandela of conspiring to overthrow the federal government.

After holding the doc for almost 18 years, Liliesleaf Museum Heritage Site has once more raised funds utilizing an NFT which depicts an object as soon as related to South Africa’s freedom fighters. Before the most recent public sale, the heritage web site had beforehand obtained about $50,000 after it auctioned an NFT of a pen gun that was owned by one other South African freedom fighter, Oliver Tambo. In each situations, Momint — a South African NFT market — dealt with the auctions.

The Pivot to NFTs

Commenting on the most recent NFT public sale, the CEO of Momint, Ahren Posthumus, is quoted within the report explaining why museums are pivoting to NFTs. He mentioned:

Museum websites keep afloat. They have been badly affected by the shortage of tourism resulting from Covid. So it is a solution to revitalize their move and preserve historical past alive.

In addition to museums, conservancies just like the Black Rock Rhino have used proceeds from NFTs to pay for among the sanctuary’s day-to-day bills. The pivot to NFTs by charitable organizations comes after one study prompt that extra South Africans are shopping for or are fascinated by shopping for NFTs.

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