Are NFTs the future of giving and charity?

Are NFTs the future of giving and charity?

The interest on the part of users in donations and charitable collections via NFT seems to be constantly growing. Among the many projects recently born, for example, one is experiencing particular success, it is Care Package, launched by Jack Butcher, the founder of Visualize Value, who describes himself as “the operating system for value creators”. Care Package is a charity campaign that seeks to raise money for Afghan families in need using the ethereum Mirror-based blogging platform.

The campaign offers a single edition NFT “CARE Package for Afghanistan” for ETH 0 , 03, equal to approximately $ 114 and 10 for ETH 0.28 ($ 1,062). The single edition package, which contained a total of 1,000 NFTs, is already sold out while there are still many 10x support packages. The project has already raised 59.54 ETH so far, equivalent to approximately $ 225,000. Using smart contracts, all proceeds are routed directly to, an international humanitarian organization.

According to data from the United Nations Office for the Coordination of Humanitarian Affairs, recent disasters have left over 18 millions of people in Afghanistan in need of humanitarian assistance. Additionally, UNICEF representatives say at least 1 million children in Afghanistan could suffer from severe acute malnutrition without immediate treatment.

The Care Package NFT project is just one of the campaigns using digital collectibles as a medium to raise funds. Last August, the generative platform of works of art NFT Art Blocks raised over $ 23 million for charity. NFT artists on the platform reportedly donate between 10% and 25% of their earnings.

In addition, entrepreneur Tony Hollingsworth has launched Listen, a project that aims to raise $ 100 million using NFT to help one billion poor children around the world. Hollingsworth has mobilized an army of 200 artists from the film and music industry to create the digital arts.

“NFTs push the relationship between art and philanthropy into a whole new paradigm. Digital art can create and support movements in ways that physical art cannot, "Butcher said. "Native Internet communities can quickly organize themselves to direct large amounts of capital instantly, from anywhere, to anyone."