Nelson Mandela's Original Arrest Warrant was sold for $130,000 as a NFT

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Nelson Mandela’s Original Arrest Warrant was sold for $130,000 as a NFT

Nelson Mandela's Original Arrest Warrant was sold for $130,000 as a NFT
Source: CryptoPotato
1648559705 29 Mar / 13:15

An NFT inspired by Nelson Mandela’s actions was sold in South Africa to fun a local heritage site.

Non-fungible tokens continue to be used for some humanitarian reasons, and the latest example came from South Africa. A digital collection of Nelson Mandela’s original arrest warrant from over half a century ago was sold for more than $130,000 to fund a heritage site. Mandela NFT Sold for $130K.

Prior to becoming South Africa’s first black president, Nelson Mandela was a part of a political organization (African National Congress – ANC), in which he became a leader of Johannesburg’s youth division and later deputy national president.

The purpose of the party was to combat white supremacy and racial segregation. After a killing of black demonstrators in 1960, Nelson helped form a paramilitary arm of the ANC to engage in guerrilla warfare.

He was first imprisoned in 1961 for treason before being freed, and then again in 1962 for leaving the country without a permit and inciting workers to strike. He was imprisoned for over 30 years before being released on February 11, 1990.

Fast forward to March 2022, and his legacy is still alive and well in digital form. According to Bloomberg, his original arrest warrant was sold as a non-fungible token for 1.9 million rands ($130,000) in an auction to help fund a cultural monument that depicts the country’s democratic struggles.

The proceeds will go to the Liliesleaf Museum Heritage Site, which has also housed the original document since 2004. The auction was held on Momint, an NFT marketplace, and the proceeds will be used to help “museum sites stay afloat,” according to its CEO.

“They have been badly affected by the lack of tourism due to COVID. So this is a way to revitalize their flow and keep history alive.” – he said.

It’s important highlighting Ukraine’s recent efforts when it comes to fighting for freedom, raising funds for humanitarian purposes, and NFTs.

After being invaded by Russia and its “special military operation,” the former Soviet state sought funding in unusual ways, including receiving over $100 million in cryptocurrency donations.

The country’s officials recently opted to portray the current battle as non-fungible tokens. They created an NFT museum commemorating the conflict’s most significant events, with the goal of making it a place to commemorate “Ukrainian identity and freedom.” The museum will collect donations to assist locals in getting through these trying times.

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