Momint, a South African non-fungible token (NFT) marketplace, officially launched after the end of the two-week trial period in which ex-rugby player Bryan Habana’s artwork raised over $ 10,000. More than 800 people from 25 countries took part in the auction.
The Momint marketplace, developed as an Instagram-like social media app, is backed by investor Rob Hersov and has “pre-seed funding that is reportedly valued at over $ 2 million.”
According to a report, Momint combines an NFT marketplace with the functionality of a social media platform. Not only does Momint accept cryptocurrencies like BTC and ETH, but it can also use fiat currencies. In his remarks after the launch, Joshua Minsk, co-founder and COO of the marketplace, said:
NFTs offer creators the opportunity to sell their work and support themselves without having to contaminate their work with sponsor shout-outs or advertisements.
In addition to Habana, the platform will initially also rely on the participation of other South African celebrities such as the cricketer Abraham Benjamin de Villiers, the musicians Goldfish and The Kiffness.
Filmmaker Dan Mace is one of that list of South African celebrities who will initially use the marketplace. In his own remarks, welcoming the launch, Mace stated that this platform “will allow anyone not only to appreciate, but actually own, art in a digital space from anywhere in the world”. Confirming his own sales intentions, Mace said, “I’m going to sell my project and schedules from films I’ve made.”
What do you think of this introduction to the NFT marketplace? Let us know what you think in the comments section below.
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