The youth unemployment rate in South Africa decreased to 60.7% in Q2 2023 from 62.10 percent in Q1 2023. The youth unemployment rate refers to the share of the workforce aged 15 to 24 that is currently not working but is actively searching…
The choice of where to mint and sell NFTs is not random but rather a strategic decision influenced by a combination of technical, financial, artistic, and community-related factors. Artists typically weigh these considerations to determine the best platform or blockchain for their specific needs and objectives.
Success in the NFT space can be unpredictable, and not all NFTs will sell immediately or at high prices.
"A world that was once about innovation, creativity, and community suddenly had its values overshadowed by greed, deception, and short-term thinking." Slimesunday
"The Merge" project was successful because it was able to tap into a global community of people who were interested in participating in an experiment to create a unique and decentralized work of art. This is a new type of collaborative crowdfunding that has the potential to revolutionize the way art is created, owned and funded.
Security tokens (fungible) represent ownership in real-world assets and are subject to securities regulations, while NFTs represent ownership of unique digital assets and used in various creative and entertainment-related applications.
People have varying motivations for collecting NFTs. Some may see the value in owning digital assets, while others may prefer traditional physical collectibles. As the NFT space continues to evolve, ongoing research will shed more light on the intricacies of NFT collecting behavior and motivations.
Coins and tokens are both terms used in the cryptocurrency and blockchain space, but they refer to different types of digital assets with distinct technical characteristics. In summary, coins are native currencies of their respective blockchains, while tokens are digital assets built on existing blockchains using smart contracts and can represent a wide range of assets and utilities.
These are just a few of the many talented South African artists who are creating NFTs. The NFT market is still in its early stages, but it is growing rapidly, and South African artists are well-positioned to succeed in this new space.
In April 2022, just after the Out Of Africa NFT Collection was auctioned on OpenSea, the founder and CEO of Invictus Capital, Daniel Schwartzkopff was forced to tender his resignation during an Invictus board meeting. Invictus Capital is a regulated…