NFT Evening NFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
    • Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
    NFT Evening NFT Evening
    News

    Home » News » Singapore Charity NFT Auction to Help Low-Income Families

    Singapore Charity NFT Auction to Help Low-Income Families

    By TheoSeptember 20, 2021Updated:September 21, 20223 Mins Read
    Contents hide
    Assisting Support Programs
    Famous Names on Board
    Using Blockchain to Help People in Need
    A Progressive Collaboration

    For some wholesome news, a Singapore charity NFT auction is taking place next month. Reportedly, it will run from October 4 to 10.

    The name of the event is Blockchain for Good, and it’s a collaboration between the Blockchain Association Singapore and the National Trades Union Congress.

    Singapore charity NFT auction, crypto, blockchain.
    A Singapore charity NFT auction will raise money for low-income families. Credits: CoinDesk.

    Assisting Support Programs

    There’s no shortage of self-promotion and speculation around NFTs, and a fair number of schemers wanting to get hold of your tokens. In contrast, it’s refreshing to find a project that aims instead to give something away.

    Allegedly, funds raised by the event will go towards programs that assist low-income families. For instance, easing the costs of children’s school expenses and elderly care.

    Furthermore, members of the public can contribute NFTs to the charity auction, or offer support in other ways. However, various big names are also contributing, bringing with them valuable media attention and a wider public buzz.

    Famous Names on Board

    Among the heftier organizations participating, Singapore Airlines and Amazon Web Services have already helped to raise $180,000.

    Singaporean crypto exchange Coinhako is also part of the proceedings. The exchange is well known among those in Singapore interested in crypto. Accordingly, the company enjoyed a 500% increase in trading volume in the first five months of 2021, compared to the previous year.

    Also taking part are law firm Drew and Napier, and the art gallery, Ode to Art. In addition, besides the big companies, there are several notable personal contributors.

    Singapore’s Speaker of Parliament is involved, and royalty will be present, with a member of the Brunei royal family making an appearance. Reports state that Japanese bitcoin and crypto influencer Mai Fujimoto will be contributing an NFT.

    Using Blockchain to Help People in Need

    Blockchain technology has been expanding into new industries, as cryptocurrencies hit new all time highs on the exchanges. As we move into autumn, the NFT market is still on a roll and packing plenty of energy, after an explosive summer boom.

    It makes sense, then, to harness that vitality and profitability. The plan for the Singapore charity auction is to direct the recent popularity of NFTs towards helping those in need.

    Chia Hock Lai, the co-chairman of Blockchain Association Singapore, said,

    “We are fully behind utilizing blockchain and NFTs to support Singapore’s first NFT charity auction.”

    Blockchain Association Singapore, Singapore charity NFT auction, crypto, blockchain.
    The Blockchain Association Singapore aims to create new partnerships. Credits: Blockchain Association Singapore.

    A Progressive Collaboration

    The Blockchain Association Singapore promotes the use of blockchain to  grow and transform businesses. It wants to improve blockchain literacy, and channel talent to where it’s needed. Usefully, the association’s website contains beginner and intermediate courses on blockchain and fintech.

    The National Trades Union Congress contains the NTUC-U Care Fund. The Care Fund started in 2007, and aims to help low-income union members and their families.

    These two organizations partnering is a cause for optimism. What’s more, it’s particularly interesting to see NFTs at the center of their joint charity project.

    All things considered, charity initiatives look like another area where blockchain and NFTs can help to shake things up.

    Join Our New "To The Moon" daily Newsletter

    Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top 👊🌚

    Thank you!

    You have successfully joined our subscriber list.

    .

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Asia NFTCharity NFTnft auction
    Previous ArticleWack 100 Suggests Making Kim Kardashian Sex Tape NFT
    Next Article Kart Racing League: An Upcoming GameFi Project Using 3D NFT Characters
    Theo
    • LinkedIn

    Theo is NFTevening co-founder. He has been in the digital marketing & Media industry for the past 7 years and is involved in several big publishing companies - Reaching 35Millions users monthly across 20 different countries. He is a nostalgic gamer, a Witcher-fan and a huge NFT-enthusiast !

    More great NFT Evening content:

    NFL Rivals’ Digital Player Cards Drop First NFTs Tomorrow

    January 26, 2023

    Oreo Biscuits Creates Its Own Oreoverse Metaverse

    January 26, 2023

    Kevin Rose Gets Scammed For Millions Worth Of NFTs

    January 26, 2023

    Alethea AI Launches Text Prompt to NFT Avatar App: CharacterGPT

    January 26, 2023

    Pudgy Penguins Lil Pudgys Can Now Travel Across Chains!

    January 25, 2023

    GEN-X NFTs: The ’80s-Themed Collection Designed for an Entire Generation

    January 25, 2023

    Queer Museum of Digital Art Drops First Artist Grant Program NFT

    January 25, 2023

    Floor Acquires WGMI.io to Help Achieve its Mission

    January 25, 2023
    Latest NFT News

    NFL Rivals’ Digital Player Cards Drop First NFTs Tomorrow

    January 26, 2023

    Web3 Gaming Platform, Fractal Expands Onto The Polygon Network

    January 26, 2023

    Oreo Biscuits Creates Its Own Oreoverse Metaverse

    January 26, 2023

    Kevin Rose Gets Scammed For Millions Worth Of NFTs

    January 26, 2023

    Alethea AI Launches Text Prompt to NFT Avatar App: CharacterGPT

    January 26, 2023

    Pudgy Penguins Lil Pudgys Can Now Travel Across Chains!

    January 25, 2023

    GEN-X NFTs: The ’80s-Themed Collection Designed for an Entire Generation

    January 25, 2023

    Queer Museum of Digital Art Drops First Artist Grant Program NFT

    January 25, 2023
    Get The FREE Exclusive Report
    CLICK HERE

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • Music
    • News
    • NFT Marketplaces and Tools
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Collaboration and Press Releases
    • Job Opportunities
    • About Us
    • Contact Us
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.