NFTs: Charitable giving in a new light
Charities can accomplish their fundraising objectives by forming a community of innovation-focused and motivated supporters.
To become a reality, we will need to reevaluate how we think about contributing.
The new philanthropic giving, in my perspective, is crypto-native, social, and decentralized. "
You don't have to cash out your bitcoin and face tax obligations if you donate directly to charities that accept crypto contributions.
You will be able to utilize your NFT collection to highlight the issues you care most about because of the social aspect of contributing.
And since it is decentralized, anybody, anywhere globally, may contribute to worthwhile causes.
There may be less need for formal donor appreciation dinners if more supporters may be recognized online via a virtual community of like-minded individuals.
Beyond sharing a digital picture, NFT-based utilities are an extraordinarily effective tool for communities to monitor membership and reward contributions with benefits and unique access to opportunities and services.
We are more linked to one another than ever before and have a higher life expectancy than ever before.
Consequently, it seems to reason that we should have a more kind and giving approach to life in general.