Momint's African record as bidders invest R8.1m at NFT auction - incl two Bored Apes; Mandela Arrest Warrant

While media headlines focused on the $130 000 which an expat based in the UAE paid for the digital version of Nelson Mandela's Arrest Warrant, there was a lot more to Momint's record auction of NFT's over the weekend. The Cape Town-headquartered business, whose co-founders include high profile businessman Rob Hersov, generated R8.1m from the Non Fungible Tokens sold on Saturday, including top price of R4.1m for one of the 10 000 Bored Ape NFTs. In this podcast, Momint CEO Ahren Posthumus explains why he believes the global NFT journey has only just begun - and unpacks why some people are investing heavily in the new asset class whose primary utility is in the metaverse. Learn more about your ad choices. Visit megaphone.fm/adchoices