An NFT may provide the holder with some sort of privilege, right or reward if they invest in a project. Then again, it may just facilitate support for a cause. In this situation, the NFT is often referred to as a token.
GainForest is a not-for-profit focused on reversing deforestation in places like the Amazon. Every donation is rewarded with an Impact Certificate (NFT) that captures live data (drone data, satellite imagery, conservation photography, wildlife cams and keeps track of the impact over time.
Ukraine had received close to US $100m in crypto donations by March 2022, when the country passed legislation enabling crypto exchanges to operate legally and allow banks to open accounts for crypto companies. A regulatory structure for digital assets.
Funding Political Activism
Web3 technology is being used by grassroots activists to reach a wider audience and fund their causes. See Pussy Riots’ lead singer speak on how it is contributing to their movement.
Enter email for monthly NFT Directory updates. Just the good stuff.