Pioneering South African NFT Platform Momint Ceases Operations Amid Market Challenges
Published at：2025年07月03日 22:24
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Momint, South Africa's inaugural NFT marketplace, has discontinued operations citing unsustainable business conditions including escalating operational expenses, stagnant user adoption, and a constrained funding landscape. Launched in 2021 as the nation's first Web3 platform supporting local currency transactions, the startup gained prominence through high-profile NFT sales before shuttering. The company had secured $2.1 million in seed funding during its operational period.
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NFT marketplace
South Africa
Momint
Web3 startup
crypto closure