Three native Hong Kong firms are elevating funds for non-governmental organisations (NGOs) by means of non-fungible tokens (NFTs) to assist inexperienced initiatives and sustainability.
In its revealed introduction video clip, the joint effort from journey way of life model Cathay; youngsters’s assist idea The Hub Hong Kong; and Articoin – an progressive Inexperienced NFT platform – began with a portray contest titled “My Residence in Sham Shui Po”, which consisted of over 50 youngsters and youngsters aged between 6 and 18.
All the work depict an interpretation of a neighborhood community- Sham Shui Po, and at the moment are being bought as NFTs on Cathay’s buying platform – Cathay Store – and Articoin’s Proof-of-Capability (PoC)2 Inexperienced NFT platform.
Josephine Leung, Government Director at youngsters’s assist idea The Hub Hong Kong, mentioned, “the emergence of blockchain and NFTs presents our charity work a brand new perspective and risk. And we’re grateful to have two highly-regarded companions and supporters to make this occur collectively. All internet funds raised from the marketing campaign will go to assist the much-needed training and growth packages for underprivileged youngsters at The Hub Hong Kong.”
The power supply for minting these NFTs is environmentally pleasant. In comparison with the carbon footprint generated by conventional blockchain consensus algorithms, the Inexperienced NFT platform Articoin is backed by the extra energy-friendly PoC mechanism, which reduces carbon emissions to a better extent (2,600 occasions).
These NFTs have been launched as restricted editions, which might be purchased with Asia Miles, money or Miles Plus Money on Cathay’s buying platform, Cathay Store, and redeemed on Articoin. Nonetheless, patrons may buy them immediately by means of Articoin’s platform by bank card and debit card.
Andy Wong, Basic Supervisor of Company Affairs at Cathay, mentioned, “by means of these NFTs, we hope to offer an progressive new method for individuals to lend their assist to the unbelievable charitable work being accomplished to assist the weak in our group.”
Picture supply: The Hub
