UNICEF to start raising funds through NFTs

Sun 12 Dec 2021 ▪ 18h15 ▪ 3 min read — by Katie Donaldson

The United Nations Children’s Fund (UNICEF), a United Nations agency that provides humanitarian and developmental aid to children around the world, is preparing for the launch of its own collection of non-fungible tokens (NFTs) on the Ethereum (ETH) network in order to commemorate its 75th.

Changing children’s lives through blockchain

The proceeds from “Patchwork Kingdoms” by digital artist and data scientist Nadieh Bremer will be transferred to numerous UN projects, such as the Giga initiative for funding internet access for children worldwide.

The Giga initiative focuses on providing services necessary for сonnecting every school to the internet via new different technologies, such as low-earth orbit satellites, machine learning, and blockchain.

The collection reportedly includes 1,000 NFTs and was possible thanks to a collaboration between NFT marketplace Snowcrash Labs, the Ethereum Foundation, Metagood, and other companies. NFTs themselves will be based upon information about more than 280,000 sponsored schools from 21 countries. “In the final visuals, each school has become a tiny square, interlocking with other schools to form Kingdoms, split between those connected and disconnected to the internet,” the creator said.

“For 75 years, UNICEF has been a driving force for change in children’s lives. And as we look back at our history, we must also look forward and seize every opportunity to take innovative actions to secure the future for our children,” said UNICEF Executive Director Henrietta Fore. 

“We have to use every tool in the toolbox if we are to reach more children and invest in a better world – including through new ways of fundraising and financing – and the launch of UNICEF’s first global collection of data driven digital tokens will directly support our global efforts to close the digital divide and help give every young person access to the Internet,” she added.

UNICEF has been working with crypto projects since 2019. The agency has its own crypto fund, which allows it to receive, hold, and distribute Bitcoin (BTC) and other cryptocurrencies. Huobi Global is just one of corporations that have donated to the fund. The company has donated more than $1 million in Bitcoin and fiat money to UNICEF.

Global charity UNICEF intends to sell 1,000 NFTs in order to raise funds for giving children in poor areas Internet access.

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Katie Donaldson

I went full time crypto back in June 2018, and have never looked back. I want to help persuade as many people as possible to come and build the decentralised future! Let’s go!

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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