Three native Hong Kong corporations increase funds for non-governmental organizations (NGOs) by means of non-fungible tokens (NFTs) to help inexperienced initiatives and sustainability.

In its launched introductory video clip, the collaborative effort of journey life-style model Cathay; Youngster help idea The Hub Hong Kong; and Articoin – an progressive Inexperienced NFT platform – kicked off with a drawing competitors entitled “My House in Sham Shui Po” which attracted over 50 kids and younger folks between the ages of 6 and 18.

All work present an interpretation of a neighborhood community- Sham Shui Po and at the moment are bought as NFTs on Cathay’s buying platform – Cathay Store – and Articoin’s Proof-of-Capability (PoC)2 Inexperienced NFT platform.

Josephine Leung, Government Director of youngsters’s charity The Hub Hong Kong, stated: “The arrival of blockchain and NFTs brings a brand new perspective and alternative to our charity work. And we’re grateful to have two extremely revered companions and supporters to make this attainable. All web funds from the marketing campaign shall be used to help much-needed schooling and improvement packages for underprivileged kids at The Hub Hong Kong.”

The vitality supply for imprinting these NFTs is environmentally pleasant. In comparison with the carbon footprint generated by conventional blockchain consensus algorithms, the Inexperienced NFT platform Articoin is supported by the extra energy-friendly PoC mechanism that reduces carbon emissions by a bigger scale (2,600 occasions).

These NFTs have been issued as restricted editions that may be bought with Asia Miles, money or Miles Plus Money on Cathay’s procuring platform, Cathay Store, and redeemed at Articoin. Nonetheless, consumers may buy them straight by means of Articoin’s platform utilizing credit score and debit playing cards.

Andy Wong, Normal Supervisor of Company Affairs at Cathay, stated: “By way of these NFTs, we hope to supply folks an progressive new strategy to present their help for the unimaginable charity work being completed to assist these most weak in our neighborhood .”

Picture supply: The Hub

, Native corporations in Hong Kong increase funds for NGOs by means of NFTs

, Native corporations in Hong Kong increase funds for NGOs by means of NFTs

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