The world of Non-Fungible Tokens (NFT) became real and exciting in Nigeria with the sale of “Baba Onilu” images and in Ghana with the sale of the “viral coffin dance video”.
The first story is about an old drummer while the second story is about pall bearers.
Sale of Baba Onilu pictures
As the story goes, Adisa Olashile, an amateur photographer and a NYSC member serving in Ibadan, Oyo, took random pictures of a certain ‘Baba Onilu’ with a smartphone.
According to him, the aged drummer always came to the Secretariat where he and other corps members met for their Community Development Service (CDS).
He minted two of the pictures titled: The Drummer and The Drummer Smile as NFTs and put them up for sale on OpenSea, an online non-fungible token marketplace. They sold immediately on OpenSea for 0.3 eth each, which amounts to a total of about one million Naira.
Here is a tweet and video of Adisa giving Baba Onilu 50% of the money made from the sale of his pictures. He gave him 500,000 Naira with an additional 100,000 Naira obtained from donations and presented him with a picture frame of his image.
Thereafter, he went with the drummer to a bank to open an account for him to keep the money.
The story does not end there. Adisa went ahead to mint the viral video known as ‘The drummer’s joy’ as NFT and he sold it for 1.1eth on OpenSea.
Sale of the viral coffin dance video for $1million
While people in Nigeria were talking excitedly about Baba Onilu, another story emerged, this time from Ghana. It was the sale of the viral coffin dance.
The viral coffin dance emerged during the COVID pandemic in 2020. It is about some Ghanaian pallbearers dancing with a coffin on their shoulders. It became synonymous with a warning about danger.
Benjamin Aidoo, the leader of the Ghanaian pallbearer group announced that he has sold the viral coffin dance as NFT for 372 ETH ($1.046 million) to 3Fmusic. Guess what, it was listed for 1 ETH.
The group is said to have donated $250,000 out of the proceeds to help support the people of Ukraine.
These two events have certainly created a lot of buzz about NFTs in Nigeria and Ghana as most people see it now as a way of getting rich quickly. A couple of days ago in South Africa, an NFT created from Late President Nelson Mandela’s original arrest warrant was sold at an auction for 1.9million rand ($130,000).
However NFTs have garnered a lot more in recent times. For example, Everydays – The first 5000 days, an NFT in a JPG format, sold for $69 million and was bought by Metakovan and Troubadour, NFT collectors located in Singapore and they believe the Everydays – The first 5000 days will be worth a billion dollars in the future.
What do you think about NFTs? Share with us in the comment section.
