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NFT Auctions Nelson Mandela’s Arrest Warrant for $130,000

– The proceeds will benefit the Liliesleaf Museum in South Africa.

– A Bored Ape piece was also sold at Africa’s largest NFT auction.

In an auction, a non-fungible token made from Nelson Mandela’s original arrest warrant raised 1.9 million rand ($130,000) to help fund a cultural monument dedicated to South Africa’s democratic fight.

Mandela, the anti-apartheid leader who became South Africa’s first Black president after serving 27 years in jail, was arrested in 1962 for plotting to destroy the White-minority government.

The proceeds from the sale will benefit the Liliesleaf Museum Heritage Site, which got the original document as a gift in 2004, according to Ahren Posthumus, CEO of Momint, the NFT marketplace where the Mandela item was sold. Following an auction of an NFT of a pen pistol owned by fellow freedom fighter Oliver Tambo, the museum got around $50,000 last year.

In an interview, Posthumus explained that this helps the “museum locations stay afloat.” “The absence of tourists as a result of Covid has had a significant impact on them.” As a result, this is a way to re-energize their flow while also preserving history.”

Mandela was released from jail in 1990, and four years later, the first multiracial election was held.

According to Posthumus, the buyer of the NFT will have unique access to the original document at Liliesleaf Museum. He said that “the ink is visible through the paper” of the high-definition scan.

From 1961, Liliesleaf property, on the outskirts of Johannesburg, was used as the African National Congress’s secret headquarters, where Mandela and other party officials hid from police. During a police raid in 1963, several prominent campaigners were detained.

In recent months, NFTs have become increasingly popular, with caricatures of monkeys and lions fetching millions of dollars. The new trading market, which utilises blockchain technology to authenticate unique ownership tokens linked to otherwise easily reproduced digital assets, is attracting sports organisations, prestige cars, and even pop singers.

According to Posthumus, the auction also sold the Bored Apes Yacht Club NFT for $310,000.

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