Accra, April 26, GNA – Fufu Sapiens, a Ghanaian female-led and community-driven NFT project, will May launch the original African Non Fungible Tokens (NFTs) collection in Ghana.
The project, which is focused on showcasing the continent’s culture, heritage and some of her exquisite crypto art collections using non-fungible tokens, an official statement issued to the Ghana News Agency in Accra, said Tuesday.
“While Africa has seen and continues to sprout great artists, the content is yet to massively tap into the over $40 billion global NFT markets,” the statement said.
“This, among others, has been a result of African artists being privy to no knowledge or just having a basic understanding of how blockchain, crypto and NFT work.”
An NFT, according to Forbes Advisor, is a digital asset that represents real-world objects like art, music, in-game items and videos.
They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.
One of the main goals for Fufu Sapiens, was, therefore, to onboard Africans into web3 through education and give them an on-hand experience in web3 with NFTS.
The project, it said, also sought to harness the success of these NFT collections to give back to society.
“With every NFT mint, Fufu Sapiens will offer 5% of the proceeds to schools in Africa, starting with Ghana.”
These proceeds would fund research programmes and facilitate web3 and Blockchain technology education for students in Ghana.
Explaining why the Fufu Sapiens NFTs were focused on Africa, Linda Yeboah (Lin), the lead on this project, said: “I wanted to create a space where Africans could showcase their art and talent. The African continent has vast untapped and unexposed talents, and additionally, these talents have not converted into incomes for its people.
“I want to change that with this project. I also see many web3 companies marketing and trying to attract African users, but none has African founders yet. I want to use the Fufu Sapiens project to change the narrative.”
She said the best way to learn about NFTs was by making a purchase.
” After making the first purchase, the NFT buyer learns a lot about web3. This requires some research and effort, from setting up a wallet, making sure you have enough funds in the wallet and creating an account on an NFT market space.
“This is a great way to start your journey into the rabbit hole of web3”.
Fufu Sapiens NFT is a collection of 4520 African culture inspired NFTs living on the Ethereum blockchain.
Each Fufu Sapiens NFT will grant access to the Fufu Sapiens Club. The club is accessible to all Fufu Sapiens NFT holders.
Some benefits of the club include drops of future Fufu Sapiens collections, i.e. in-game characters and Fufu Sapiens ecosystem governance token.
“By supporting Fufu Sapiens NFT collections, you unlock future relevant utilities with your NFT purchase,” she said.
GNA