Changing Fundraising with Polkadot: TeddyDaoNFT’s Web3 Charity NFT Initiative
Last month, Lucky Friday Labs, a Web3 software developer, introduced an innovative philanthropic initiative named the Teddy DAO Foundation. This initiative revolves around an on-chain NFT collection named Teddy DAO, developed in collaboration with the renowned online fundraising platform JustGiving and MoonbeamNetwork, which employs Polkadot’s proof-of-stake consensus mechanism.
Since its inception, it has successfully garnered more than $8,000. It positions itself as a “socially beneficial NFT project” dedicated to creating a positive impact. Teddy DAO conducts auctions for its unique NFTs featuring teddy bears every day. These NFTs, crafted by digital artist Yumi and established on the cross-chain smart contract platform Moonbeam, will be up for bidding. Those who win the auctions can direct the funds generated to any of the 400 charitable organizations endorsed by JustGiving. Users can endorse various charitable organizations, including Cancer Research UK, Alzheimer’s Society, British Red Cross Society, and ActionAid.
Source
@Facebook_Metaverse_Nfts
