NFT artist raises $140K for cancer support charity
A nonfungible token (NFT) artist raised nearly $140,000 (114,000 British pounds) from an art event in Edinburgh, Scotland to support cancer treatment. According to Maggie’s Edinburgh Fundraising, the funds collected by Jones amounted to the highest single donation from an art event recorded in the Edinburgh Center’s 27-year history. A spokesperson representing Maggie’s Edinburgh attributed the success to “the support and enthusiasm of the NFT art community.” The total money raised from the fundraiser will go toward helping 4,000 people impacted by cancer and locals who need vital support. The exhibition held at Château de Vallery near Paris saw participation from 30 artists. Ever since NFTs got mainstream attention in 2021, the sub-ecosystem has helped the community contribute to several philanthropic initiatives. Moreover, the United States Federal Election Commission approved using NFTs as a campaign fundraising incentive last year. Major brands, such as Coca-Cola and the Singapore Red Cross, and government bodies have previously opted for NFT and crypto donations to fuel various philanthropic initiatives.
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