Africa is going to turn minerals into NFT tokens

The Central African Republic has announced that it plans to tokenize access to its natural resources and offer it to everyone (not for free, of course).

The project will be managed by Project Sango, the first official crypto hub in Africa. The initiative was created after the Central African Republic became the first country in Africa to recognize bitcoin as a legal tender.

In addition to oil, the republic has many other mineral deposits, such as diamonds, copper, and rhodium. The country’s natural resources also include gold, limestone, cobalt, and manganese, among others.

Despite the fact that its territory is rich in mineral resources, the CAR remains one of the least developed countries in the world. According to the president of the republic, the tokenization of «geological treasures» will help create new investment opportunities in the country. The head of Ripple also agrees with this in absentia, as he is convinced that NFT tokens will help to treat the environment and minerals in a better way.