Technology is a way to make life easier for people globally. One of the ways to make life easier for people is by providing charity and a lot of companies or organizations understand this and are making an effort to partake in charity.
The sustainable development goals which are 17 in number cannot be achieved by the government alone. Poverty is not the only thing that charity helps to stop, charity can be social advocacy like Gender equality, equal opportunity for all, etc.
NFTs are not just Jpegs as a lot of people classify them. They have a lot of use cases and this article will put light on one of them; which is using it as a way to raise funds for charity.
This article will explain various charities utilizing NFTs globally.
10% of all minted Blazed cats NFT profits are used for mental health charity. According to the Blazed cats NFT website, over $250,000 have been donated to a mental health charity in America.
According to Hopechest, over 970 million people around the world struggle with some mental illness or drug abuse. 1 in 4 people will be affected by a mental illness at some point in their lives. 14.3% of deaths worldwide, or approximately 8 million deaths each year, are attributable to mental disorders.”
Goal 5 of the SDG emphasizes Gender equality; achieve gender equality and empower women and girls.
With over 10,000 Unique NFT arts available, the Women Rise NFT is used to showcase the achievement of women in various fields such as Education, Science, Art, Technology, etc. This is aimed at using it to showcase issues affecting women globally and promote more inclusion for women.
The WWF, which stands for the World Wide Fund For Nature, is a globally renowned organization with extensive expertise in nature conservation. It is among the largest organizations dedicated to preserving the environment.
This NFT is meant to help safeguard the endangered specie, this is done to help promote goal 15 of the Sustainable development goal.
Noora Health achieved a successful sale of its one-of-one Save Thousands of Lives NFT, fetching 1.3k ETH, which was valued at $4.4 million at the time. This sale enabled the organization to advance its mission of developing health literacy programs for families. By enhancing health literacy within the fundamental unit of society, Noora Health aims to prevent health issues and save thousands of lives, which is the most efficacious remedy in healthcare.
ChangeDAO is of the opinion that NFTs can serve as a catalyst for social impact. It is a decentralized application, based on the Ethereum blockchain, and a global grassroots community, with the objective of utilizing social change art and NFTs to drive change. ChangeDAO has introduced the “Triple P NFT” model, which ensures that each digital asset contributes to the welfare of multiple stakeholders – people, planet, and profit. They dedicate every ChangeDAO NFT to a noble cause and strive to reduce energy consumption by purchasing carbon offsets to compensate for the energy used in the minting of their NFTs.
Bored Ape is one of the most popular and profitable NFTs in the NFT ecosystem. It also donates some of the proceeds to charity, notable is the orangutan outreach, which is done to protect the orangutan specie which is one of the endangered species in the world. It also donated over $ 1 million in Ethereum to the victims of the Ukraine and Russia war.
The Impact collective is a new initiative that aims to utilize NFTs for social impact. Its fundamental mission is to integrate philanthropy into Web3. To achieve this goal, they assist charitable organizations in accepting cryptocurrency donations and create commemorative NFTs to acknowledge donors’ crypto contributions. Impact ensures that 95% of all funds raised go towards charitable causes. The collective recently formed a partnership with Keep A Breast Foundation, a remarkable organization supporting BIPOC breast cancer survivors. Through their “Give Back Grants” program, Impact funds $500 grants for survivors via the sale of their “I love boobies!” NFTs.
KRebels, a collection of 9,999 Koala-inspired NFTs, aims to promote the preservation of the Koala species by raising awareness and funds. The creators of KRebels have committed to donating a percentage of the proceeds from the sale of each NFT to support charities that are working towards saving the Koalas from extinction.
Dallas-based software developer Joshua Lapidus created toilet paper NFTs named “Rainbow Rolls,” which were listed on OpenSea for sale in October 2021. Initially, Lapidus made 10,000 Rainbow Roll NFTs available for purchase, but later restricted the number to 1,000. The sales of these NFTs have helped charity organization RIP Medical Debt to settle $7 million of medical debt for low-income families. Currently, only 145 out of the 1,000 NFTs are available for purchase as the rest have already been sold.
The project “Women and Weapons” consists of 10,000 distinct women NFTs, each with several distinguishing attributes, making them unique and verifiable. The women and weapons project contributes 5% of all proceeds to The Malala Fund, a non-profit organization that advocates for equal access to education for women worldwide.
It’s really cool to see NFTs transcending the borders of “It’s just a money-making venture” to been used as tools for fundraising charities across the globe. It has been used for various charities ranging from health, and women’s rights and also for animals that are facing extinction.
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