Is giving back the next frontier for NFTs?As the nonfungible token market continues to explode, philanthropy is emerging as a popular trend for artists.
Yet with so much revenue being generated over a short period of time, some may be wondering how NFT creators are applying these new streams of income. While this is a tough question to answer, industry experts believe that NFT philanthropy is becoming a major trend as sales from nonfungible tokens increase.
In addition to initiatives from The Giving Block, Graph Blockchain, a decentralized finance and altcoin company,on Jan. 24 that the company has entered a share exchange agreement with Niftable, a charity-focused NFT company. This agreement would essentially allow Graph Blockchain to own Niftable after the acquisition is closed.
Bhardwaj further explained that users listening to the app have the ability to earn reward tokens as an incentive for providing the platform with user-generated data. Listeners are then able to hold these tokens in their virtual wallets or spend them on the NFT artwork soon to be featured on Sheqonomi’s platform. Bhardwaj said:
1,000 NFTs to support digital connectivity among schools in underserved communities. UNICEF partnered with data visualization scientist and artist Nadieh Bremer to create the collection “Patchwork Kingdoms.
In another example of NFT artwork being used for charity, American entertainment company iNDIEFLIX recently released a documentary entitled, which features a series of film NFTs focused on raising awareness for children’s mental health.
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