Fun

More Zimbabwean Artists Pivot to NFTs as Bubble Concerns Grow

News Feed - 2021-09-03 04:09:19

More Zimbabwean Artists Pivot to NFTs as Bubble Concerns Grow


A Zimbabwean artist, Greatjoy Ndlovu, joined the growing list of African artists pivoting to the non-fungible tokens (NFT) market after his digital artwork was sold for 0.7 ethereum. The sale, which took place on the Async Art NFT marketplace, is Ndlovu’s first foray into the digital art space. NFTs an Opportunity for African Artists


According to a report, Ndlovu’s digital art piece, which is called Burnt Out, depicts the challenges that were experienced by health care workers who were fighting to stop the spread of the Covid-19 pandemic.


In addition, the report says Ndlovu is hopeful that his break into the NFT space will help “inspire many young creators to take a leap and test the market themselves.” According to the artist — who also serves as the Ambassador of SOS Children’s Village — NFTs represent an “alarmingly bright future” for African art makers. Artists Embrace NFTs


Meanwhile, with this pivot to NFTs, Ndlovu joins Nyasha Warambwa and Indigo Saint, the first artists from Zimbabwe to embrace NFTs. Warambwa, who also goes by the name “Hulio,” reportedly revealed via social media that his two NFTs had been sold for 1.55 ETH (or over $5,700 at current prices).


Indigo Saint, on the other hand, is believed to have sold his NFT inside the first four hours of listing. The works were sold “at a price of 50 SOUL coin which was valued at US$29 on the day.”


However, despite the three artists’ positive remarks about NFTs, some Zimbabweans on social media are raising concerns about a bubble. For instance, one Zimbabwean social media user known as Link Marine remarked: “[An] NFT crash is imminent…only a few months or even weeks.”


Do you see NFTs as a bubble? You can share your views in the comments section below. Venture Capitalist Bill Gurley Prefers Ethereum to Bitcoin, Takes Personal Position in ETH ALTCOINS | 3 days ago Safemoon Product Launch Hits a Snag, Project Bombarded by Accusations, Community Deflects Criticism ALTCOINS | 4 days ago Tags in this story COVID-19, digital artwork, ETH, Greatjoy Ndlovu, nft, NFT bubble, Non-fungible tokens, Zimbabwe NFTs


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

40 Million Troy Ounces: Russia’s Gold Find Reaffirms Bitcoin as the More Scarce Asset
40 Million Troy Ounces: Russia"s Gold Find Reaffirms Bitcoin as the More Scarce Asset News of the discovery of approximately 40 million troy ounces of gold in Ru
Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners
Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Co
Helen Partz1 hour agoHong Kong debuts retail crypto trading with HashKey exchangeHashKey became one of the first licensed exchanges to offer cryptocurrency trading for non-professional investors in Hong Kong.588 Total vi
Funding Rates Down: Is Bitcoin Heading For A $90K Correction?
Este artículo también está disponible en español. Bitcoin’s recent price fluctuations have left investors in a state of uncertainty, as the cryptocurrency has seen
Swan Bitcoin cancels conference amid staff reduction, mining shutdown
Turner Wright2 hours agoSwan Bitcoin cancels conference amid staff reduction, mining shutdownAccording to Swan Bitcoin CEO Cory Klippsten, “it just doesn’t feel like the right time for a festival” after the firm an
Former US solicitor general claims regulators want to ‘debank’ crypto
Turner Wright2 hours agoFormer US solicitor general claims regulators want to ‘debank’ cryptoSeveral parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a mast
Israeli Tax Authorities Notify Cryptocurrency Owners to Disclose Their Holdings for Taxation Purposes
Israeli Tax Authorities Notify Cryptocurrency Owners to Disclose Their Holdings for Taxation Purposes The revenue collector, the Israel Tax Authority (ITA) has r
Cross-Chain Bridge Value Increases by 89% in Less Than a Month Surpassing $14 Billion TVL
Cross-Chain Bridge Value Increases by 89% in Less Than a Month Surpassing $14 Billion TVL 23 days ago on September 16, cross-chain bridges held around $7.79 billion total value loc
Bitcoin Pulls Away From Stock Market as Price Staying Above $8,000 Signals Strength – Bloomberg Analyst
Bitcoin Pulls Away From Stock Market as Price Staying Above $8,000 Signals Strength - Bloomberg AnalystBitcoin (BTC) staying above $8,000 is a sign of increasing momentum and detach
Hungary’s Prime Minister Says ‘Europe Has Run out of Energy’ Amid Russia’s Gas Standoff
Hungary’s Prime Minister Says ‘Europe Has Run out of Energy’ Amid Russia’s Gas Standoff Europe is suffering and struggling to contain an energy crisis according to various
ETC Group Releases Bitcoin Cash Report Praising High Usage and Vibrant Development
ETC Group Releases Bitcoin Cash Report Praising High Usage and Vibrant Development ETC Group, an ETF issuer company, released a report last month about the evolution of Bitcoin Cas
SWIFT Is Experimenting With Decentralized Technologies to Allow CBDC Interconnection
SWIFT Is Experimenting With Decentralized Technologies to Allow CBDC Interconnection SWIFT, the interbank payments protocol and messaging system, has announced it is working to con