July 26, 2025

South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures

1 min read

Momint, a South African Web3 and crypto startup, has announced its closure due to rising operational costs, limited user growth, and a challenging funding environment. Founded in 2021, it was recognized as the country’s first NFT marketplace supporting local currency transactions and gained attention with significant NFT sales. The company raised $2.1 million in seed

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Source: Bitcoin.com

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