While most of the media coverage has concentrated on the financial return of NFT drops, little has actually been written about Impact NFTs. For Artist these are a way to use NFTs to give back and they are rapidly becoming the next evolution in sustainability solutions for charities.
While some wonder whether NFTs have any function beyond the buzz they create, non profit organizations find them an important tool for fundraising. NFTs are no longer just a way to claim ownership over digital art.
Some charities have already acquainted themselves with alternate donations, particular cryptocurrency.
Crypto start-ups like The Giving Block are connecting non-profit organizations with the capability to receive contributions in crypto. The initiative assist smaller or uninformed non-profits to accept these contributions.
Considering that an NFT is a store of value, an artist can donate an NFT to a charity as the donation itself.
Nonprofit, Oceanic Global which is based in NYC sheds light on humanity’s essential relationship to the ocean and empowers individuals, communities, and industries to create positive change. They recently partnered with Paris based NFT artist TOMAAS and Award-winning composer, Charlie Nguyen Kim to create an Impact NFT. The result is an artwork called “Plastic Is Not Fantastic” which is auctioned on SuperRare a leading NFT art marketplace on Ethereum that handles hundreds of millions of dollars as the market capitalization.
The Impact NFT depicts a model adorned with disposable plastic bottles. With over 481.6 billion plastic bottles are used worldwide per year and an estimated 1 million per minute, the piece is designed to remind viewers of the detrimental impact that plastic over consumption has on the planet and to use the beauty of the artwork to inspire change around these disposable plastic objects. 100% of the proceeds from the sale will directly support Oceanic Global ongoing work to protect and preserve the world’s oceans. For more details on the auction click here: https://superrare.com/tomaas