Nigerian art creators are leveraging the digital art shift into NFTs and growing their worth despite the recent Nigerian ban on cryptocurrencies.
Osinachi, one of Nigeria’s most bankable digital artists, says he can command up to five figures for his NFT works.
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SEE ALSO: [WATCH] Introducing Momint – The First South African NFT Platform Accepting ZAR Payments
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A former librarian, Osinachi says:
“We are moving from traditional pieces of art.
Anyone now can be an artist and you don’t have to wait for a gallery to pick you up and consider you to be valuable.
According to Uyi Amokaro, the co-founder of WeAreMasters, a digital marketplace specializing in African crypto collectibles and NFTs:
“It’s a massive market.
It’s basically digital art or any asset in the virtual world or in the virtual economy that can be tied to the blockchain and can be bought and sold.”
– Co-Founder, WeAreMasters
A few companies across Africa have also taken the initiative to create workshops and platforms and help traditional artists to start acquiring the digital tools through which they can now digitize and monetize their art.
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NB: Catch African crypto-artist, Osinachi, LIVE as he chats about his NFT journey at the upcoming Binance NFTs in Africa (The Homecoming) event on June 29, 2021 feat BitKE as a media partner
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RECOMMENDED READING: The Blockchain Industry Saw a 639% Growth YoY and 2,627% Growth in NFTs in Q1, 2021 vs Q4, 2020, According to Latest Report
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