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xINVESTOR Explains How Nfts Have Changed The Way The World Donates 

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Did you know that UNICEF launched 1000 NFTs to mark its Platinum jubilee? It raised 235ETH from the sale proceeds via its charity fund – Giga, which connects schools to the internet in underserved nations. Numerous other global charities are taking the NFTs route to reach new audiences to raise funds. As per NFTs expert xINVESTOR, “by tapping into NFTs, charities have been able to breakthrough and leverage a young generation of supporters that exist beyond their usual donor base and philanthropists.”  

NFTs came to the rescue of non-profits during the COVID-19 pandemic. “When local events were put to a screeching halt due to global lockdowns, NFTs and cryptocurrencies became new vehicles of fundraising for charities across the globe,” explains xINVESTOR. As charities adapt to the new normal, their evolved trust in the blockchain-based NFTs and cryptocurrencies has helped them consider NFT fundraisers as a dependable source of revenue generation.  

xINVESTOR shares that NFT projects have clear segregation of how they will use the funds. Most of the NFTs are giving back to the community by supporting charities. Giving an average of 2% of each sale proceeds to a charity has become a norm for NFT projects supporting a cause and working with non-profits or other charitable organizations.  

Another huge plus of raising funds via NFTs is that blockchain technology makes it easy for charities as well as donors to monitor where funds are utilized. The added layers of transparency NFTs offer enable charities to attract more Gen Xers and millennials.  

By opening the doors for NFTs and cryptocurrency, charities have seen some of the biggest donations ever in the past year. xINVESTOR quips, “NFTs have come a long way from high-stake collectibles to artwork with a social impact,” and we can’t agree more.  

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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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