Popular American Grant Maker Fidelity Charitable announced an all-new NFT project. This project is a raffle, not a token drop like you’d see with other brands.
In the raffle, lucky participants win multiple NFTs, with 50 more winning $1,000 each! Winners can then donate funds to several charities.
As Fidelity Charitable explains, crypto donations to donor-advised funds have increased significantly over the years. Totaled $28 million in 2020 and has since risen to a staggering amount $331 million 2021 years. Given this shift in the giving population, Fidelity Charity management felt it was best to meet and engage with the public where they are.
I think it will be a unique way to engage with the next generation of investors. This is another way I see Fidelity innovating and leaning into new areas. Jacob Pruitt, President of Fidelity Charitable.
NFTs are built on the Polygon blockchain and winners must create a digital asset wallet to claim it. NFTs are High seas.
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*All investment/financial opinions expressed by NFT Plaza are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Tokoni Uti has written extensively on blockchain and cryptocurrencies over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.