Sunday, June 23, 2024

Sustainable charitable NFTs for the UN’s 17 Sustainable Development Goals.

In its latest report, the Intergovernmental Panel on Climate Change mentioned that ambitious climate action is an urgent matter. This comes hot on the heels of the secretariat’s Paris Agreement Synthesis report that revealed that the climate goals of the Paris Agreement would most likely not be met if current situations persist. Around 200 health journals also released a statement that pleaded with leaders around the world to reduce greenhouse gas emissions.

The UN General Assembly has declared 2021 as the International Year of Creative Economy for Sustainable Development. To meet the Sustainable Development Goals (SDG) of the United Nations, non-fungible tokens (NFTs) and blockchain tech have come to the fore.

For example, in June, a charity art auction was held by Art & Co. The auction was assisted by blockchain tech, which helped track the bidding sales processes, sale proceeds, and proceed distribution. Blockchain tech and non-fungible tokens have been boons for artists, who are among the most impacted communities due to the seemingly never-ending COVID-19 pandemic. These innovative technologies have allowed artists to monetize their art and earn money not just from selling art but also in the form of recurring payments after the art has been sold.

Museums have benefited from blockchain tech and NFTs as well. For instance, the Hermitage Museum in Russia, which boasts of the world’s largest art collection, sold NFTs of various masterpieces. The museum was partnered by the NFT marketplace of major blockchain and crypto innovators Binance. One of Leonardo da Vinci’s works fetched a whopping $440,000. The Metropolitan Museum of Art in New York is set to follow in the Hermitage Museum’s footsteps

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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