Tech Companies Tech Brief By HackerNoon

Utilizing NFTs for Fundraising: Here's How


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This story was originally published on HackerNoon at: https://hackernoon.com/utilizing-nfts-for-fundraising-heres-how.


Nonprofit organizations can use NFTs in this way through creating value-aligned art and raising awareness and money, much like Dainty Dolphins did.
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A new form of art is gaining traction in the [cryptocurrency] space. The funds fueling these large donations are being generated from the sale of an NFT, or nonfungible token. The most common iteration of NFTs on the market now is [digital art]. These assets are bought, purchased, and stored on a public blockchain.

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