NFT craze has been skyrocketing over the past few years. Last year we witnessed many digital art pieces being sold for millions of dollars. Besides art pieces, we have also seen other things like tweets and messages from NFTs being sold for millions of dollars. Recently, the original arrest warrant of Nelson Mandela was sold as a Non-Fungible Token. Notably, the crypto token has been sold for a whopping $130,000. The collectable has been sold in an auction aimed to fund a heritage site that documents South Africa’s struggle for democracy.
Why is Nelson Mandela’s NFT worthy?
Before becoming South Africa’s first black president, Nelson Mandela was part of a political enterprise (African countrywide congress – ANC). He became a leader of Johannesburg’s teenager’s department and later deputy national president.
The birthday celebration’s purpose was to fight in opposition to white supremacy and racial segregation. However, Nelson helped arrange a paramilitary department of the ANC to interact in guerrilla battle after a bloodbath of black demonstrators in 1960.
He was first arrested for treason in 1961, earlier than he was launched, and imprisoned again in 1962 for leaving the USA without a permit and inciting workers to strike. He spent the next almost 30 years of his existence in prison and was launched on February 11, 1990.
Fast-forward to March 2022, and his legacy remains in a digitalized form. A document from Bloomberg informed that his outstanding arrest warrant became offered as a non-fungible token at an auction for 1. Nine million rands which are approximately $130k, to help fund a heritage website that indicates the country’s struggles for democracy.
Who will receive the sale proceeds?
The Liliesleaf museum’s historical past site will acquire the proceeds as it has also held the authentic record for the reason that 2004. The auction changed into achieved on an NFT marketplace – Moment – and its CEO stated those budgets will assist the “museum websites stay afloat.”
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Source: https://www.thecoinrepublic.com/2022/03/28/nelson-mandelas-arrest-warrant-has-been-sold-as-nft/