African Digital Art Network Launches NFT Marketplace Nandi

African Digital Art Network is a global group composed of digital artists with African roots. It has taken its first step in the Web3 world with the launch of a non-fungible token (NFT) marketplace. This was announced in a report that said the marketplace is named Nandi. This platform aims to support African artists in the burgeoning Web3 ecosystem by giving them the opportunity to showcase their talent.

According to the report, African Digital Art Network announced the launch of the marketplace earlier this month during the AfricaNXT conference in Lagos, Nigeria. Chinedu Enekwe, the co-founder of African Digital Art Network and Nandi.

The Born2Invest application is a fast and easy way to check the latest business headlines. It gives users access to recent publications and stories, media and objective analysis, thematic sections, and feeds. Download our companion app for free and stay on top of the market.

The marketplace is named after Queen Nandi – the mother of Shaka, the legendary king of the Zulus

In an interview, Enekwe said the idea for the Nandi Marketplace came about during a discussion with Jepchumba, a co-founder of the African Digital Art Network. He pointed out that Jepchumba was initially hesitant to get involved in NFTs because no one had approached them with a real focus on the community.

To get Jepchumba on board, Enekwe explained to her his idea to create an NFT marketplace and build an ecosystem with a studio that provides a fundraising function. The platform would help brands and artists get paid.

This platform would help liberate black artists who have not been able to capitalize on their work because they have been forced into unfair contracts or have unknowingly given away their intellectual property rights.

Focus on environmental friendliness

In addition to launching the marketplace, African Digital Art Network also launched the Nandi Cowry Community. According to Enekwe, this is a global group of cultural leaders, trendsetters and artists.

Anyone who wants to join this community must purchase an NFT from a collection of 10,000 digital collectibles. These were created by Johannesburg-based artist Sindiso “R!OT” Nyoni. The collection is minted on the Celo blockchain.

According to Enekwe, the NFTs include three membership tiers. These are Tribe, Chief, and Founding. The Tribe tier is the lowest, while Founding is the highest. Each level has a price ranging from $25 to $10,000. Buyers must use the Celo stablecoin (CUSD) to purchase the NFTs.

Nandi reportedly chose Celo because the network is committed to achieving carbon neutrality. Enekwe said Nandi will integrate Ethereum once it moves to the proof-of-stake (PoS) consensus model.

__

(Featured image by Riki32 via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in CRYPTO MONDAY, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us