NFTs are more than just collector’s items. Here’s why a research-funding organization wants you to know about their potential for charitable giving, argues a biotech investor.
by high medical costs. The crypto community has proven itself to be a powerful force time and again, making me confident in a bright future for NFTs and charity.While there is a lot of attention given to the latest celebrities joining the NFT craze and new drops with rare art, less explored is what purchasing an NFT actually means for a charitable organization.
Mission-driven NFTs are challenging this narrative by showing the world that NFTs are a way to unite charitable giving and supporting artists. They are allowing organizations to benefit from new technology while still remaining true to their mission and values. I believe longevity is one field that will adopt this technology with ease. Longevity supporters are forward-thinking luminaries who also happen to be crypto enthusiasts — a perfect match for NFT-related giving.
In my opinion, the new charitable giving is crypto-native, social and decentralized. By accepting crypto donations directly, you can give to foundations directly, without having to cash out your crypto and be subject to tax responsibilities. The social element of giving will empower you to highlight the causes you care most about through your NFT collection. And it will be truly decentralized, which means that anyone, anywhere in the world can support meaningful causes.
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