Blockchain investment platform Invictus Capital has unveiled its first non-fungible token (NFT) collection for digital artists in Africa. The unveiling, which was done by way of the Invictus NFT Lab, attempts to combine fine art with blockchain technology, and to bring many contemporary digital artists from Africa to a global market.
As explained in the It Online report, this project is expected to begin in January with the distribution of NFT posters. In February, an auction for NFT representations of the original, physical artworks will be conducted.
Invictus Capital’s decision to unveil the NFTs has won praise from stakeholders in the art space. For instance, Marelize van Zyl, the curator for the Out of Africa NFT collection, commended Invictus Capital’s endeavor, saying:
The Out of Africa Collection is made up of 100 unique NFTs on the Ethereum blockchain and is the first time many of the artists have worked in the NFT space. This collection is a triumph for these artists and represents some of the finest new, upcoming and established talent.
Another stakeholder, Charl Bezuidenhout of Worldart, said NFTs give artists direct access to “a truly global audience and a royalty-driven revenue model made possible by blockchain.”
For his part, Daniel Schwartzkopff, CEO at Invictus Capital, suggested that an NFT collection like the one unveiled by his company “will go a long way to bringing NFTs into mainstream investment portfolios.” The collection will appeal to traditional art collectors, modern NFT collectors, and anyone in between, Schwartzkopff said.
According to the report, prospective investors that want to be a part of this project can get updates on participating artists and artworks via a subscription newsletter.