JOHANNESBURG, March 27 — An NFT version of an arrest warrant for anti-apartheid icon Nelson Mandela has raised US$130,550 at auction, with proceeds going towards a museum preserving the history of South Africa’s anti-apartheid struggle.
The reserve price at the last night auction in Cape Town was 900,000 rand , but the non-fungible tokens or NFT, “sold for 1.9 million via a buyer online,” Ahren Posthumus, CEO of the digital auctioneer Momint said on Sunday.“Proceeds for the Mandela NFT will go to Liliesleaf museum, to keep their doors open and stay afloat,” Posthumus told AFP.Selling art as non-fungible tokens, or NFTs, uses the same technology as crypto-currencies such as Bitcoin.
The original document, dated 1961, now yellowed, with gnarled edges and bearing staple holes on one side, is handwritten in both English and Afrikaans.
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