• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
Nexo

The Mosque NFT Project to Mint 12,000 Mosques on Ethereum, to Support Over 10 Charities

Bitcoinist by Bitcoinist
5 months ago
in Industry
0
Advertisement

Increasingly, charities worldwide accept crypto donations and are even experimenting with equally exciting opportunities in NFTs to further their novel causes. Cryptocurrencies and NFTs are a global phenomenon launching from public chains such as Ethereum and the BNB Chain, facilitating the free flow of funds and enabling true ownership of digital assets with on-chain provenance.

The Mosque NFT Project on Ethereum

The Mosque NFT Project is a unique charity project on Ethereum, the world’s most active blockchain network and the home of NFTs. The project plans to mint a collection of 12,000 unique hand-drawn NFTs of the grandest mosques in the world. 

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Each mosque NFT will be unique and valued differently depending on how revered each site is in the real world. Specifically, there will be 65 types of mosques separated according to territories. Fewer the mosques from a given region, the more valuable there are in the open market. 

The Kaaba Mosque NFT is the most valuable piece in the collection. The project has stated that the lucky user who mints the NFT will receive a special gift at the end of the mint. Also, user(s) who mint the most NFTs at each of the twelve rounds will be rewarded with a branded watch from The Mosque NFT exclusive partner, “Jacob & Co”. And once the collection is minted, raffles will begin, where holders of certain NFTs will receive worthy prizes from the team.

The rise of NFTs

Since the activation of the first NFT projects like CryptoKitties on Ethereum, blockchain-based technologies continue to find impressive applications. 

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Besides guaranteeing owners true ownership with solid proof on the transparent blockchain, NFTs—more like cryptocurrencies—are being used to spread awareness and transmit messages across the globe about specific topics. 

Because of their digital existence and borderless nature, charities are gradually opting for blockchain-based innovations as a choice medium to receive donations, allowing users to support causes that they hold close to their hearts.

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

$12.3 Million of NFTs Donated in 2021

According to an annual report by The Giving Block, the total yearly crypto donations in 2021 soared over 15X compared to 2020. On average, it was observed that the average crypto donation stood at $10,455 as opposed to cash donation at $128. 

Researchers further suggested that NFTs would be a significant development in the donation landscape, projecting based on the number of participants contributing using rare and valuable NFTs and support from some of the world’s most popular NFT projects like the Bored Ape Yacht Club (BAYC). 

By the report’s findings, individuals and projects donated slightly over $12 million of NFTs in 2021 alone.

The Mosque NFT Project to Support over 10 Charities

In the same vein, The Mosque NFT project plans to use funding from the sale of the 12,000 NFTs to power their charity program and build mosques. 

Concurrently, their objective will be to highlight the injustices people face because of their religion and how such stereotypes can be broken. Furthermore, their use of NFTs and Ethereum is sufficient proof that emerging technologies are widely acceptable in Islam, with over 1.8 billion followers worldwide.

The first NFTs will be minted from April 1st, 2022, with a floor price of 1 ETH. The floor price was at this price in light of the project’s objective of specifically raising funds to advance their charitable causes and build mosques. 

Approximately 50 percent of proceeds from the sale will be used to help people and transferred to over ten charity funds, including Mila 4 Africa,  One Nation UK, Save the Children, Give Directly, Mohammed bin Rashid Al Maktoum Knowledge Foundation, and more. Additionally, part of the collected funds will be used to create the first NFT mosque in the metaverse, decided by the community.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

ViaBTC Capital|An Economic Analysis: Play to Earn or Play to Ponzi?

ViaBTC Capital|An Economic Analysis: Play to Earn or Play to Ponzi?

12 hours ago
5 Reasons to Be Bearish on Shiba Inu Price and Bullish on Tamadoge

5 New Cryptocurrency Crypto Whales Are Accumulating 2022

14 hours ago
5 Reasons to Be Bearish on Shiba Inu Price and Bullish on Tamadoge

Will Shiba Inu Reach $1? No, But New Cryptocurrency Meme Coin Tamadoge Might

2 days ago
Why Developing Countries Are Looking to Adopt Crypto as Their Legal Tender

Why Developing Countries Are Looking to Adopt Crypto as Their Legal Tender

2 days ago
SANGO Coin Is Defining What It Means To Be A Government-Backed Cryptocurrency

SANGO Coin Is Defining What It Means To Be A Government-Backed Cryptocurrency

2 days ago
Why Elon Musk’s DOGE Investors Are Investing in TAMA

Why Elon Musk’s DOGE Investors Are Investing in TAMA

2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.