Nzvedaz Big Five (BFT) Revolutionizes African Art with the First African NFT Marketplace
Nzvedaz Big Five (BFT) is Africa's pioneering NFT marketplace, dedicated to empowering African artists and promoting their unique creative expressions worldwide.
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Nzvedaz Big Five (BFT) , Africa's first-ever NFT marketplace, is aiming to unlock the potential that cryptocurrency presents to the African art community. With Non-Fungible Tokens (NFTs) taking the crypto world by storm, Nzvedaz BFT introduces a groundbreaking platform that enables the creation and trading of NFTs by African and international artists who may have faced bottlenecks in accessing existing platforms. The marketplace is backed by the $BFT token, which will be the trading currency on the platform. This unique ecosystem will provide a fast, efficient, and user-friendly network for NFT creators, buyers, and collectors in Africa and beyond.
The platform will provide a decentralized marketplace for original African art in digital form, empowering artists across the industry spectrum from musicians, dancers, writers, actors, painters, to sculptors. Nzvedaz Big Five NFT Platform endeavors to equalize the art market, especially for African artists, by offering a transformative platform where they can digitize, mint, and monetize their art.
The main reason for Nzvedaz Big Five NFT Platform is, In 2018, Africa contributed $13 billion to the global art market, a figure expected to rise to $15 billion by the end of 2023. Despite this growth, African artists remain the least paid and financially exploited in the world. For instance, African musicians only receive a third of a cent per stream, making it challenging to sustain a livelihood. The global art market, valued at over $50 billion in 2020, lacks regulation and transparency, disproportionately benefiting those with more resources while harming those with less, with African art being a prime example.
Nzvedaz Big Five proposal
The Big Five NFT Marketplace will serve as a decentralized hub for African artists to showcase their original art as digital assets and NFTs, providing them with opportunities to monetize their creativity. By focusing exclusively on African art, Nzvedaz aims to amplify the representation of African culture in the global NFT and cryptocurrency landscape.
At the core of the Nzvedaz Big Five NFT Marketplace is the Big Five Token (BFT), the platform's native currency. BFT will facilitate seamless and secure transactions, enabling artists and collectors to engage with the platform effortlessly. Additionally, artists holding BFT will benefit from various incentives, including discounted transaction fees and staking rewards, further supporting their artistic journey.
In parallel with the NFT marketplace, Nzvedaz Big Five Project is also developing the African Metaverse--an immersive digital environment celebrating African culture and creativity. The African Metaverse will provide users with a unique space to buy, sell, develop land, live, play, and conduct business, fostering a vibrant and interconnected community.
Nzvedaz Big Five Tokenomics:
To incentivize holding once the marketplace is up, an artist holding the BFT will receive a discount on Final Value Fees (FVF). BFT will also be used as the currency in the Nzvedaz Metaverse that we will develop to complement the marketplace. In the metaverse, it will be used to purchase land, interact with other businesses, construct roads, buildings, buy tools, or any other mirrored assets on the metaverse. BFT will also be used as the currency in the P2E game that we have penciled for developing.
BFT will be the reward token for staking, which will be implemented as soon as the mainnet of the NFT marketplace is up and running.
Token Distribution:
- Total Supply: 1,000,000,000 BFT
- Initial Circulating Supply: 500,000,000 BFT (50%)
- Development and Team: 250,000,000 BFT (25%)
- Marketing and Ecosystem: 150,000,000 BFT (15%)
- Community and Reserve Fund: 100,000,000 BFT (10%)
Nzvedaz Big Five is committed to revolutionizing the African art market through the power of NFTs and blockchain technology. By creating a transparent, accessible, and artist-friendly marketplace, we aim to empower African artists, provide them with fair compensation for their work, and showcase the beauty and creativity of African art to the world. With the BFT token as the backbone of our ecosystem, we are confident in our ability to shape a brighter future for African art and cryptocurrency in Africa.
About Nzvedaz Big Five (BFT)
Nzvedaz Big Five (BFT) is Africa's pioneering NFT marketplace, dedicated to empowering African artists and promoting their unique creative expressions worldwide. The platform is fueled by the $BFT token and strives to offer transparent, fair, and supportive opportunities for artists to monetize their art in the burgeoning world of NFTs.
About Us: Nzvedaz Big Five (BFT) is Africa's pioneering NFT marketplace, dedicated to empowering African artists and promoting their unique creative expressions worldwide.
Contact Info:
Name: Vengai Dzvedere
Email: Send Email
Organization: Nzvedazbigfive
Website: https://nzvedazbigfive.io
Release ID: 89104014
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COMTEX_437766325/2773/2023-08-03T06:51:24
