Virtual Nation Builders
CRYPTOSPHERE
In early 2021, Christie’s Auction House sold Beeple’s digital collage, Everydays: The First 5000 Days, at a staggering $69.3 million. This event has sparked interest around the world in digital art and NFTs (Non-Fungible Tokens).
The unique data that is stored within NFTs makes it easy to verify ownership and transfer these tokens between owners. The owner or creator can also store specific information inside them. For instance, life-long royalty arrangements can be constructed for an artist within a smart contract, which is then included in the NFT’s metadata.
Just like cryptocurrency, NFTs exist on a blockchain – which is a distributed tamper-resistant public ledger that records transactions. But unlike the interchangeable tokens on a blockchain such as Bitcoin, NFTs are non-interchangeable and cannot be divided in the same way fungible tokens can, nor exchanged like-for-like (hence, ‘non-fungible) due to their unique nature.
For artists, museums and heritage sites, stepping into the NFT space adds another format to share art – and offers their admirers another way to support their work.
Liliesleaf Heritage Site
Virtual Nation Builders is committed to saving the heritage of our Nations
Virtual Nation Builders created the Nelson Mandela Warrant of Arrest NFT and all nett profits went to Lilliesleaf Museum.
REAL WORLD ASSET TOKENISATION
The South African Gold Coin Exchange (Scoin)
This exclusive South African coin set valued at $1.2M has been fractionalised into tokens ranging from $200 – $12000.
This Real World Asset Tokenisation project showcases the remarkable convergence of law and technology and Virtual Nation Builders forward-thinking approach. The project incorporates an NFT Asset Sale Transaction Instrument (NASTI) and deed of assignment, which is a legal instrument that ensures the sale of the underlying real world asset together with the digital assets using blockchain technology. The use of a NASTI and deed of assignment highlights the importance of ensuring that the legal aspects of technology are carefully considered and integrated into the development of new solutions. This project serves as a powerful example of the transformative potential of technology when coupled with the legal framework that enables it to flourish.
virtually saving the rhino
ONE RHINO HORN.
ONE CONSERVATION NFT AT A TIME.
Virtual Nation Builders created the First Rhino Horn NFT, which sold for 6 850 USD, and all net proceeds of the sale of the Rhino Horn NFT went to Rhino conservation.
Virtual Nation Builders also attended to the legal terms in the NFTs required in the metadata, the legal audit of the NFT and the legal work required for the assignment of its intellectual property.
Komjekejeke Heritage Site
Cultural Village and Interpretation Centre
The COVID-19 pandemic has caused the Heritage Site to be closed.
Virtual Nation Builders in collaboration with Delta Scan has now initiated processes to digitise the heritage site so that the site will now have different avenues of income and fundraising. We have been hard at work at the site, and have taken the first steps in the creation of a photorealistic digital model of the site. Virtual Nation Builders aim to recreate the experience of being at the site, being immersed in the culture, the vivid colours in the artwork, the surrounding nature and be able to allow someone anywhere in the world to experience it. By creating a digital version of a site we freeze that experience in time and preserve it in the endless world of the digital age.
The vision is to ensure the Kingdom can continue developing the site to its ultimate potential so that the Ndebele People, virtual citizens and guests can truly Jekezela (live in comfort and abundance) at Komjekejeke.