African project AFEN to launch NFT marketplace and showcase African culture digitally by BTC peers

African project AFEN will launch an NFT marketplace and present African culture digitally

The crypto industry is gaining a foothold in Africa. From Jack Dorsey’s interest long before the start of the COVID-19 pandemic, to increasing use across the continent, and even Akon’s crypto towns, Africa is increasingly opening up to the idea of ​​cryptography, and the outside world sees the enormous potential of that. almost totally untapped market.

The biggest move that will involve the crypto industry in Africa right now, however, is the launch of the AFEN NFT marketplace, which took place on August 20. The launch is one of the biggest crypto events on the continent, and it will have a huge impact on how the world perceives African culture, as it will allow artists across the continent to symbolize and present their art in form. digital. collections.

This is just the start though, as the market aims to eventually include digital collectibles from around the world. To begin with, however, it will first launch an initiative known as AFROXNFT.

What is AFROXNFT?

AFROXNFT is an upcoming NFT initiative in the AFEN NFT market and an icebreaker for all African designers interested in collaborating with AFEN to launch NFT collections. It will be available on the AFEN NFT marketplace from August 27, just one week after the marketplace launch.

It will represent the heart of African existence and allow collectors and art lovers to experience Africa like never before, through a blend of culture and futurism. The collection is represented by 3 Afro beings – a man, a woman and a child – alongside a mythical creature known as the masquerade. In African culture, each masquerade represents something of great importance, whether it is an age group, an era, visiting spirits or disguises.

So even the name AFROXNFT will have symbolic meaning, with AFRO representing Africa, X representing the masquerade, and NFT at the end. As such, AFRO X represents a confluence of the modern, the mystical and the ancient, all illustrated together by African 3D digital artist, Jesse Tomi, and put together in collaboration with blockchain group AFEN, historians and art curators.

The collection will include a total of 1,000 AFROXNFT, which will be minted in the first phase. Their floor price will be 1 BNB per coin, and all will be available on the AFEN NFT marketplace. Additionally, the project revealed that 100 different masquerades will be created, depicting disguises in animal, human, composite and cultural hero forms. With a ration of 1:10, they will be extremely rare and valuable to collectors.

It is also known that the forms will bear ancient African names, which will serve to identify and summon them, depending on the psychological and spiritual attachment that the NFTs will be granted by the owners.

AFEN NFT Marketplace to drop $ AFEN

After the initial release of AFROXNFT, the project will also see a monthly AFEN airdrop, where the project’s native part will be assigned to randomly selected AFROXNFTs. In other words, the lucky owners of the collectibles will also receive AFEN tokens.

This method of distributing coins was modeled on the ancient African folk tale, where spells are cast to decide among the chosen few who have been favored by the gods.

While this first initiative is extremely interesting, it is only the first of many similar NFTs that are expected to emerge from all corners of Africa, and later, around the world. AFEN is already consolidating its position through strategic partnerships with African museums, and it is also the first NFT project in Africa to receive government support. Its token, AFEN, is available for purchase on Bitmart, Pancakeswap, and Julswap.

Continue reading on BTC Peers


Source link

About Raul T. Casey

Check Also

Bolarinde launches exhibition with celebration of African culture and heritage – The Sun Nigeria

Next the release of her critically acclaimed film ‘Onidiri’ in 2018, the CEO of Yellow …

Leave a Reply

Your email address will not be published.