28 September 2021
Cryptocurrencies, NFTs, and blockchain-based applications have generated a huge amount of wealth for individuals and organizations. Much of that money has been reinvested in technology initiatives and other business projects. And a portion has quietly been invested in charities, educational institutions, and NGOs that are working to improve the state of the world and people’s lives.
For example, NFT firm Bookblocks.io is partnering with NGO Women for Afghan Women, an organization dedicated to promoting the rights of Afghan women and girls to seek education. Bookblocks will release a WAW token on October 5. Proceeds from sales of the token will be donated to the organization. Bookblocks says it will mint 2,200 NFTs to represent the 2.2 million girls currently prohibited from attending school in Afghanistan.
An unrelated project, Care Package, is a series of 1,000 NFTs. Proceeds from sales of the tokens are donated to care.org and earmarked for humanitarian relief in Afghanistan.
Meanwhile, Cardano has announced that it intends to invest €85.5 million in educational institutions and programs that teach the basics of DeFi, NFTs, and blockchain technology. Cardano founder Charles Hoskinson is making a separate donation of more than €17 million to Carnegie Mellon University for the construction of a math center. The Hoskinson Center for Formal Mathematics is intended to share research and technology for mathematical applications in computer science, physics, economics, and other fields.
Twitter CEO Jack Dorsey donated the €2.5 million selling price for his first tweet to GiveDirectly, a charity that supports African families affected by the Covid pandemic. Platforms to support NFT sales for charitable causes include DigitalArt4Climate, Enjin, and DoinGud.
An NFT platform called Worldwide Asset Exchange has minted a set of NFTs called Carbon Offset vIRL. NFT sales support the U.S. National Forest Foundation, which will plant one sapling for every $1 raised.
In these and countless other ways, the crypto world is committed to making the non-virtual world a better place.
The text is informative in nature and does not count as an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, past returns are not a guarantee for future returns – risk only those assets that you are willing to lose.