An NFT of the official arrest warrant for Africa’s first black President Nelson Mandela has sold out for $130K in South Africa. The sellout took place in NFT Marketplace Momint. The funds will be directed to the welfare of a local heritage site of the country.
Mandela’s NFT is one of many directed to the welfare of a community. NFTs are gaining use cases in other fields too.
Nelson Mandela’s Original Arrest Warrant NFT Sells for $130K
Nelson Mandela was imprisoned during the colonial period but triumphed to become the first black President for South Africa. He also left his mark as one of the greatest African Presidents ever. He was part of the ANC political party that took him to become a deputy national President.
However, things turned out against him as his party was fighting against supremacy when racial segregation was at peak levels there. His party also funded a paramilitary squad to counter the government after it massacred black demonstrators in 1960. This move proved deadly for him as a warrant was issued, and Mandela was arrested and jailed in 1961 for treason.
He was also re-arrested in 1962 for inciting workers to demonstrate their rights. He served a total jail term of about 30 years, only to be released on Feb 11, 1990. A Bloomberg report has revealed that his original arrest warrant was tokenized and sold out as an NFT in South Africa.
The asset sold out for 1.9M rands, approximately $130M. The funds will benefit a local heritage site that showcases SouthAfrica’s long journey in the fight for independence. The Liliesleaf Museum Heritage Site will be responsible for the fund’s management as it was the previous owner of the warrant since 2004.
NFTS Continue Gaining Popularity Charity Contributions
NFTs have proved to be game-changers in digital contributions towards humanity. Away from Mandela’s tokenized arrest warrant, other assets have been bought or donated to benefit multiple charity organizations. Julian Assange, a man facing extradition to the US for revealing war crimes, received support in crypto and NFTs.
Recently, Ukraine has been receiving aid to fight against Russia after Moscow ordered the toppling of its leadership regime. The attack began in February, but the small country has held strongly against Russia after receiving crypto donations worth $100M.
Among the donations were in NFTs. The country also launched an NFT museum to make memorable moments of the war to serve as a reminder of how hard they are willing to fight for their freedom. The museum aims to collect funds to help rebuild the country and fund families once the war is over.
NFTs are also gaining popularity in other fields. Multinational companies invest in them to diversify their products like what Nike and Adidas are doing with their sneaker. Politicians are also using them to fund their campaigns. South Korea’s President-elect got his political seat by using NFTs and cryptos as his main campaign agenda. However, it’s best to DYOR on these assets before investing as the market is volatile and may result in great losses.
Source: https://crypto.news/nft-nelson-mandela-arrest-warrant-130k/