A Zimbabwean artist, Greatjoy Ndlovu, joined the growing list of African artists who turned to the non-fungible token (NFT) market after his digital artwork was sold for 0.7 Ethereum. The sale, which took place on the Async Art NFT marketplace, marks Ndlovu’s first foray into the digital art space.
NFTs an opportunity for African artists
According to a report, Ndlovu’s digital artwork, called Burnt Out, depicts the challenges faced by healthcare workers who struggled to stop the spread of the Covid-19 pandemic.
Additionally, in the report, Ndlovu hopes that his breakthrough into the NFT space will help “inspire many young creators to take the plunge and test the market for themselves”. According to the artist, who also acts as an ambassador for the SOS Children’s Village, NFTs represent an “alarmingly bright future” for African artists.
Artists hug NFTs
Meanwhile, in this linchpin for NFTs Nyasha Warambwa and Indigo Saint, Ndlovu joins in, the first Zimbabwean artists to advocate NFTs. Warambwa, also known by the name “Hulio,” reportedly announced on social media that its two NFTs sold for 1.55 ETH (or over $ 5,700 at current prices).
Indigo Saint, on the other hand, is said to have sold its NFT within the first four hours of its IPO. The works were “sold at a price of 50 SOUL coins, which on that day was valued at $ 29”.
However, despite the three artists’ positive comments about NFTs, some Zimbabweans have raised concerns about a bubble on social media. For example, a Zimbabwean social media user known as Link Marine noted: “[An] The NFT crash is imminent … only a few months or even weeks. “
Do you see NFTs as a bubble? You can share your views in the comments section below.
Photo credits: Shutterstock, Pixabay, Wiki Commons
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