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BSC News Lists 3 Ways NFTs are Strengthening Online Charitable Fundraising 

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NFTs are empowering charities and non-profits across the globe to join the Web 3 movement. As per BSC News, “Non-fungible tokens offer an opportunity to raise support for causes that matter.” Whether for the people affected by the COVID-19 pandemic, the war in Ukraine, breast cancer, or food shortage, non-profits worldwide have used NFTs to raise funds and support those in need. In return, the investors and art collectors get a chance to own a unique piece of artwork on Web 3, which they can proudly call an extension of themselves. 

  

A global call to action 

BSC News believes that online charitable fundraising via NFTs will scale further as the number of auctions and sales are growing unanimously across digital marketplaces like OpenSea. “NFTs for charitable causes are attracting donors from all corners of the society, paving the way for redistribution of wealth to the lowest strata of the society. This also promotes equity and inclusion while presenting a global call to action to the rich and prosperous,” opines BSC News. 

  

Bringing transparency 

NFTs offer transparency as each transaction is recorded. “Ownership records are maintained on a shared ledger on a blockchain, and each transaction can be tracked easily,” elucidates BSC News. Multiple digital fundraising platforms facilitate online charity fundraising campaigns. “Since each transaction is verified and documented, the chances of manipulating funds are minimal for charitable institutions,” explains BSC News. “In fact, NFTs are one of the most secure and attractive ways to raise funds in today’s digital era.” 

  

Leveraging social media for good 

“Charities are leaving no stone unturned to raise awareness for their NFT sales. Besides their offline events, they leverage social media to gain momentum for their fundraising efforts by reaching out to numerous NFT enthusiasts, influencers, and investors present on these platforms,” shares BSC News. “NFTs and social media go hand in hand; the creators want to use technology to its full potential and reach audiences far beyond their usual reach.” 

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DN News Desk is the editorial wing of Digital Nod, an award-winning digital PR & marketing agency. Committed to delivering timely and insightful news coverage of global events, DN News Desk's team of seasoned journalists and editors ensures that readers are well-informed about the latest developments across various domains. With a finger on the pulse of current affairs, DN News Desk strives to provide accurate, balanced, and thought-provoking articles that shed light on the ever-evolving global landscape. From breaking news to in-depth features, DN News Desk's contributions aim to empower readers with knowledge and perspectives that matter.
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