African Digital Art Network, an international group composed of Black digital artists, has taken its first steps on Web3 by launch of its own NFT Marketplace Nandi.
The platform’s goal is to provide a platform for Black creators and artists to showcase their work and be a space to experience the benefits of money through Web3 throughout an African diaspora.
The platform’s goal is to provide a platform for Black creators and artists to showcase their talents and be a space that they can enjoy the benefits of money through Web3 all over all of the African diaspora.
Enekwe, who graduated from Howard University School of Law who holds a bachelor’s degree of engineering degree from Maryland and stated: “I explained my idea, to launch an NFT marketplace and develop an ecosystem, create an ecosystem that would include a workplace for creators that has the ability to raise funds. But the best part is, it will show a way to help brands and creators to get paid.”
NFTs, also known as non-fungible or non-fungible tokens, are created on a blockchain, which acts to prove ownership for an electronic file. African artists such as Osinachi have discovered new ways to make a mark within this medium. Osinachi utilized Microsoft Word to create art. A Osinachi collection titled “Different Shades of Water” was sold at a price of more than $200,000 in Christie’s London.
Black creators and artists have a long record of being unable to profit from their work. Many were enticed into contracts that were unfair or unknowingly signed away the IP rights. In the year 2000, Def Jam co-founder Russell Simmons introduced a series NFTs named Masterminds of Hip Hop to aid artists in getting paid, and said in the past it was “respect for the founding fathers of hip hop needs a reboot.”