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NFT NFTs ETHUSDT

NFTs To Help Hurricane Ian Victims? American Red Cross Makes It Possible

Reynaldo Marquez
by Reynaldo Marquez
Last Updated: October 19, 2022 10:00 pm
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A partnership between Sweet and the American Red Cross will leverage the power of non-fungible tokens (NFTs) to raise funds for Hurricane “Ian” victims. Two weeks ago, this natural disaster wrock havoc across the state of Florida and the Caribbean. Ian is one of the worst Hurricanes ever to hit the state. 

Related Reading: In Q3, The Bitcoin Mining Council Reports Mining Efficiency & Security Increases

According to a press release, the digital asset platform and marketplace Sweet launched 10,000 NFTs to support Red Cross volunteers. The non-profit organization is helping victims of the natural disaster and communities impacted by the Hurricane. 

Red Cross volunteers provide food, shelter, and other critical supplies for individuals and families in the affected area. The partnership with the NFTs platform Sweet will allow them to step up their efforts and support more victims. 

Selma Bouhl, Vice President of Brand Marketing and Creative Services at the American Red Cross, said:

This thoughtfully designed digital collectible will raise critical funds to help people in need after Hurricane Ian. The Red Cross depends on generous donations and community support to provide shelter, food and comfort to families left in need after this massive disaster.

Ethereum NFT NFTs ETHUSDT
ETH’s price trends to the downside on the daily chart. Source: ETHUSDT Tradingview

NFTs Purchases Will Support The Red Cross Forever

The 10,000 NFTs will be priced at $14,99, allowing the American Red Cross to “raise critical funds to help the people in need,” according to the press release. Local artist Marlon Pruz created the digital assets. 

Pruz has created iconic work in Florida. As seen in the image below, the artist takes inspiration from street culture and Florida’s natural landscape. The artist was involved in popular digital collections, such as Knifey. Betsy Proctor, Executive Vice President of Global Partnerships at Sweet, said:

Our hearts ache for those impacted when Hurricane Ian struck just a few short weeks ago. So much about web3 is about building community, and this is an opportunity to participate in rebuilding communities devastated by the storm. We are grateful for Marlon Pruz’s willingness to donate his art to this important initiative.

Related Reading: How Bitcoin On-Chain Metrics Hint At A Long-Term Bottom

This limited-edition collectible designed by Florida-based artist @MarlonPruz can help people & communities affected by #HurricaneIan.

Each purchase of this collectible is a donation to the @redcross helping them provide relief to those impacted by this disaster. Link in bio! pic.twitter.com/TRmRi7ld4W

— Sweet (@sweet) October 19, 2022 

Data provided by Sweet indicates that of the 10,000 NFTs in the collection, there are 9,956 available. The digital assets were minted as Ethereum-based ERC-721. This format enables the Red Cross to receive 10% from any secondary sales of an item in the collection. According to the press release: 

Thanks to blockchain technology, any sales of this digital collectible on Sweet’s user-to-user marketplace will continue to support the American Red Cross — 10% of secondary sales will go directly to the American Red Cross in perpetuity, meaning additional funds for the cause through the power of NFTs.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Reynaldo Marquez

Reynaldo Marquez

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As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

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