Aug 22, 2022, 2:40 PM
(from the Nonprofit Times) CARE USA, which fights global poverty, raised more than $200,000 at a recent NFT event. Digital artist Jack Butcher was troubled by needs in Afghanistan. He created a small piece of digital art and sold it for the digital currency Ethereum. Historically, artists have only made a profit off the original sale of their creation. NFTs on the other hand, allow artists to attach royalties to their creations and profit each time their creation is sold. A majority of the NFT participants were new donors to CARE USA, and the artists followers have created further opportunities for CARE USA.
Listen to the latest episode of the Net Assets podcast.
