Key Takeaways
- Zimbabwe artist sells NFT artwork for 0.7 ETH
- Ndlovu joins the growing group of Zimbabwe artists selling artwork as NFTs
- There has been a recent surge in African based NFT platforms
The artist Greatjoy Ndlovu placed the digital art called Burnt Out on the Async Art marketplace, where it was successfully auctioned.
The art depicted the sacrifices faced by health care workers in Africa trying to curb the spread of the Covid-19 pandemic in the region.
The artwork was eventually sold for 0.7 ether after a series of bids from collectors and represented the first sale for the artist.
Ndlovu, who also serves as an ambassador for a charity organization SOS Children Village stated that the NFTs provided massive potentials for the African art market.
Ndlovu is not the first Zimbabwe to embrace NFTs and join other artists like Indigo Saint and Nyasha Warambwa.
Waramba is quite known in the African NFT space and recently sold two NFTs for a combined fee of about 2 eth.
Other regions in Africa are also looking towards developing NFT platforms.
For example, in Nigeria, the biggest bitcoin market in Africa, several NFT platforms have launched in recent months.
AFEN, an NFT platform, reportedly got approval from the Nigerian government to mint some national treasures as NFTs.
At the same time, Qlip is an NFT platform built on the Binance Smart Chain and promises an excellent NFT experience for users.
Despite the potentials of NFTs in the art sector, a few believe that the current bubble will crash soon.
This is not surprising given that the vast majority of NFTs sold are for mostly speculative reasons.
Nevertheless, brands have begun to create use cases for NFTs, and Africa cannot be left behind.
NFTs are sure paving ways for Africa artists. How can more of them leverage the opportunities?
