Black Rock Rhino, a South African rhino conservation organization, is preparing to raise funds for endangered species with an NFT auction. Together with the rhino protection foundation and blockchain technology firm Virtual Nation Builders, where more than 200 rhinos are protected, they plan to auction their NFTs in Momint, one of South Africa’s largest NFT markets.
The proceeds from the auction on November 11 will be used to pay for daily expenses related to the foundation, the Black Rock Rhino association explained. The statement reads: “The net income will go towards securing the area, feeding, vaccinations, animal welfare and other day-to-day operating expenses.”
Although rhino horns are prohibited, they are traded for $25,000. Black Rock Rhino officials believe digital horn NFTs will generate more returns. In this way, they try to prevent rhinos from being killed for their horns.
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