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People have been able to raise non-insignificant amounts of money selling NFTs for charities. Snowden - Freedom of Press Foundation 5.4m https://www.theverge.c
by yrral 5y ago
People have been able to raise non-insignificant amounts of money selling NFTs for charities.
Snowden - Freedom of Press Foundation 5.4m https://www.theverge.com/2021/4/16/22388548/edward-snowden-nft-freedom-of-the-press-stay-free https://www.theverge.com/2021/4/16/22388548/edward-snowden-n...
pplpleasr - Stand with Asians 550k https://www.theblockcrypto.com/post/99615/uniswap-v3-nft-sold-dao-half-million-dollars https://www.theblockcrypto.com/post/99615/uniswap-v3-nft-sol...
- lalaland1125 5y agoHow is this different or better than normal donations? If anything, isn't it worse due to the NFT overhead?
- hiq 5y agoIf you go from 5% to 10% overhead but collect 10 times as much because of the hype you still end up with more money.
- prtkgpt 5y agoExactly, same goes for when you donate with the 1-1 matching. Your X amount is 2x now, and 10% of 2x is stil 1.5x more of just X.
- JeremyNT 5y agoIt's "better" in the sense that they can piggyback on the hype train for all things cryptocurrency related. Some crypto/NFT millionaire who would normally never donate might well well be coaxed into donating once they see that "NFT" or "blockchain" is attached to the prospect.