A non-fungible token created from Nelson Mandela’s original arrest warrant raised R1.9 million in an auction to help fund a heritage site that documents South Africa’s struggle for democracy. | Fin24
Mandela, the anti-apartheid activist who emerged from 27 years in prison to become South Africa’s first black president, was arrested in 1962 for conspiring to overthrow the white-minority government. , which received the original document in 2004 as a donation, said Ahren Posthumus, chief executive officer of Momint, the marketplace for NFTs that sold the Mandela item.
Mandela was released from prison in 1990 and the first multiracial election was held four years later. The buyer of the NFT will have exclusive access to the original document at Liliesleaf Museum, Posthumus said. “The ink is visible through the paper” of the high-definition scan, he said. Liliesleaf farm, then on the outskirts of Johannesburg, was used as the secret headquarters of the African National Congress from 1961 and was where Mandela and other party leaders hid from authorities. Leading activists were arrested there during a raid by police in 1963.
NFTs have soared in popularity in recent months, with caricatures of monkeys and lions commanding prices in the millions of dollars. Sports clubs, prestige automakers and even pop stars are among those getting into the nascent trading business, which uses blockchain technology to authenticate unique ownership tokens attached to otherwise easily reproducible digital goods.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nelson Mandela’s arrest warrant NFT raises R1.9m in auctionA non-fungible token created from Nelson Mandela’s original arrest warrant raised R1.9m in an auction to help fund a heritage site that documents SA's struggle for democracy.
Read more »
Mandela arrest-warrant NFT auction raises R1.9 millionA non-fungible token created from Nelson Mandela’s original arrest warrant raised 1.9 million rand in an auction.
Read more »
Nelson Mandela’s arrest warrant NFT raises R1.9m in auctionA non-fungible token created from Nelson Mandela’s original arrest warrant raised R1.9m in an auction to help fund a heritage site that documents SA's struggle for democracy.
Read more »
SA will need groundwater to avoid running dry – but sources could be contaminated | Fin24Groundwater will play an increasingly critical role in meeting water demand, according to Minister Senzo Mchunu. But its groundwater quality is at risk of being contaminated - from mining activities, poor irrigation practices and urbanisation. | Fin24
Read more »
US places Russian anti-virus maker Kaspersky on security risk list | Fin24The US placed internet-security provider AO Kaspersky Lab on a list of companies deemed a threat to national security, for the first time adding a Russian entity to a list dominated by Chinese telecommunications firms. | Fin24
Read more »
SA businessman who lost govt backing fails to secure ILO top job | Fin24The SA government submitted Mdwaba's candidature in mid-September last year. But Cabinet withdrew its support just two weeks later under still-unexplained circumstances.
Read more »