South Africa has joined the popular and lucrative non-fungible tokens (NFT) space with the launch of Momint – a local NFT marketplace.
Momint is a platform for local content creators and celebrities in South Africa to sell their work.
So far, the platform has sold a 3D turntable of South African rugby superstar, Bryan Habana, for over $20, 000 during a 2-day auction.
South African celebrities that have listed their work on Momint include:
- Bryan Habana – Former rugby union player
- AB de Viliers – Cricketer
- Goldfish and The Kiffness – Musicians
- Diipla Khosla – Influencer
- Dan Mace – Filmmaker
Headquartered in Cape Town, South Africa, the startup has reportedly raised over $2 million from both local and foreign investors with the ultimate goal of making the platform global.
According to Minsk, Co-Founder & COO, Momint:
“On Momint, NFTs can be sold via auction or directly to a fan for a fixed price. The only cost to the creator is a 12% auction fee or a 0.5% direct sales fee that Momint charges once it is sold.”
– Co-Founder, Momint
Unlike other NFT platforms that only use cryptourrencies, Momint allows users to use fiat currency, specifically the South African Rand (ZAR) to make purchases on the platform.
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