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South African Company Plans To Empower The Masses In Africa Through NFT’s

South African Company Plans To Empower The Masses In Africa Through NFT’s

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The South African Blockchain (SABC) aims to provide the public with world class educational content which will empower the masses in Africa.

The company is an accredited member of the International Decentralized Association of Cryptocurrency & Blockchain (IDACB).  SABC are well known for their highly anticipated Bad Panther Club NFT’s where they plan to release 11,111 with only 111 of them being super rare.

The demand is extremely high for the release of these NFT’s around the world especially in the UAE but the company feels that they want more demand in Africa.

“We understand the importance of education and what it can do for our people all around Africa. If more of our people especially the youth knew about cryptocurrency and NFT’s we believe the unemployment rate will decline within a short space of time.” says the SABC team

NFT’s are Non-fungible tokens. From art and music to tacos and toilet paper, these digital assets are selling like 17th-century exotic Dutch tulips, some for millions of dollars. But are NFTs worth the money or the hype?

Some experts say they’re a bubble poised to pop, like the dotcom craze or Beanie Babies. Others believe NFTs are here to stay, and that they will change investing forever.

In South Africa, which is seen as the most advanced country in Africa when it comes to NFT adoption. South Africa has the 12th highest adoption in the world.  However only 8.3% of South Africans own NFT’s and a further 9.4% said they plan to acquire such tokens in the future.

“These statistics have to double in the next year or two at least, we have to take the time needed to rectify these statistics. More people should know about cryptocurrency and NFT’s.” says the SABC Team

The company plan on giving back through feeding schemes, “About 11% of all of our proceeds from NFT sales be used to feed the hungry through various feeding schemes and 1% of royalties will be spent on charity work in South Africa, Zambia and Iraq.” Says the team.

For more information visit : www.sablockchain.io