African Tech start-up & social media marketplace for NFTs ‘Momint’ puts Africa at the global forefront of blockchain technology & innovation

November 20 05:09 2021
African Tech start-up & social media marketplace for NFTs ‘Momint’ puts Africa at the global forefront of blockchain technology & innovation
Momint organized the largest NFT auction in Africa, that was held on 11 November 2021. The auction sold about 1 Million ZAR in NFTs and the Rhino horn in specific raised 105 000 ZAR to the Rhino foundation.

CAPE TOWN, South Africa – Young African Tech start-up, Momint, after achieving a multi-million dollar valuation just 4 months ago, has successfully hosted Africa’s largest Non-Fungible Token (NFT) auction in Cape Town on 11 November 2021. The auction provided local and international buyers with the opportunity to bid for and own high-value pieces that support African art, sport and conservation – all using blockchain technology. South African heroes, artists and superstars all came together to take part in this key national event.

The auction sold about 1 Million Zar in NFTs and the Rhino horn in specific raised 105 000 ZAR (6,850 dollars, 6,000 euros) to the Rhino foundation.

Cape Town businessperson Charl Jacobs paid 105,000 rand for the digital horn, which he said he plans to place into a trust for his children.

The funds raised through different items on auction will be donated to several charitable causes, including the Black Rock Rhino Conservation project and the Bryan Habana Foundation which seeks to provide acts of goodwill and humanitarian relief to local communities that need it most.

“NFTs are new and exciting blockchain-based digital tokens that enable ownership and tradability of unique digital assets. NFTs exist on the blockchain and require no middlemen or central authority to operate. Usage of NFTs is growing rapidly worldwide, largely due to their utility in the global art and gaming communities. Many experts have agreed that they will form the basis of a new internet revolution” shares Adam Romyn, CTO at Momint.

Momint is a South African tech start-up that has found a meaningful way to trade these digital assets, in a manner that benefits and enriches its users, through a peer-to-peer marketplace for buying and selling NFTs. The social media styled marketplace allows anyone to buy and sell NFTs, while creating a searchable registry for curated collections of NFTs, on a decentralized public blockchain. Momint provides South Africans with the opportunity to access this digital marketplace and unlock the value of NFTs using the Momint app on their smartphones. 

“South Africa’s rhino population is plagued by the tragic brutalities of poaching,” says Ahren Posthumus, CEO of Momint. “We’ve never harnessed or leveraged the use of NFTs in the conservation space, making this a historical first for our country. And by using NFTs, we are now positioning ourselves at the forefront of creating value in rhino horns without putting the rhino’s life at risk at all.”

Momint is exceptionally proud to have hosted this auction for so many important causes. Momint hopes that this rhino horn NFT will show South Africans how they can leverage and use digital assets, as the country steps into a new digital future, in line with the global Fourth Industrial Revolution. As an African company and platform, Momint wants to drive value and utility using blockchain technology and NFTs.

Media enquiries:

Julia Short (Head of Marketing, Momint)

Cell: 082 419 8676

[email protected]

Media Contact
Company Name: Momint
Contact Person: Julia Short
Email: Send Email
Phone: 082 419 8676
City: Cape Town
Country: South Africa
Website: https://www.momint.so/

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