Native Hong Kong Companies Elevate Funds for NGOs Via NFTs

Three native Hong Kong corporations are elevating funds for non-governmental organisations (NGOs) by non-fungible tokens (NFTs) to assist inexperienced initiatives and sustainability.

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In its revealed introduction video clip, the joint effort from journey life-style model Cathay; youngsters’s assist idea The Hub Hong Kong; and Articoin – an progressive Inexperienced NFT platform – began with a portray contest titled “My Dwelling in Sham Shui Po”, which consisted of over 50 youngsters and youngsters aged between 6 and 18. 

The entire work depict an interpretation of a neighborhood community- Sham Shui Po, and at the moment are being offered 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 applications for underprivileged youngsters at The Hub Hong Kong.”

The vitality 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 higher 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, consumers may buy them immediately by Articoin’s platform by bank card and debit card.

Andy Wong, Common Supervisor of Company Affairs at Cathay, mentioned, “by these NFTs, we hope to supply an progressive new method for individuals to lend their assist to the unimaginable charitable work being accomplished to assist the susceptible in our group.”

Picture supply: The Hub