Web3 infrastructure firm luckyfridaylabs is rolling out teddydaonft, a daily NFT auction that donates proceeds to charities in the justgiving network. camgthompson reports
Teaming up with global fundraising organization, Teddy DAO aims to utilize crypto as a funding mechanism to promote social impact worldwide.
Teddy DAO eventually plans to leverage 450,000 charities supported by JustGiving as part of its mission to help solve real-world problems through cryptocurrency donations. “Whereas NFTs have largely been for-profit and the few instances of charitable giving have been a one-time donation, we thought it best to showcase a new use for NFTs by creating digital collectibles that will be minted once per day, thereby guaranteeing a constant stream of revenue for charities within JustGiving's network of partners,” said Chapman.
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