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Charitable NFTs Raise Millions, Soccer Player Pelé Announces His First NFT – Technology

Posted on June 13, 2021 by admin



United States:

Charitable NFTs Raise Millions, Soccer Player Pelé Announces His First NFT

24 May 2021


BakerHostetler


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Last week, Mick Jagger auctioned an NFT to support indie music
venues. The token includes a 30-second visual of a person running
through skulls with “Eazy Sleazy” (a song recently
released by Jagger and Dave Grohl) playing in the background. The
token sold via a 24-hour auction on Nifty Gateway and fetched a
price of $50,000. Proceeds went to two local charities that support
independent music venues in the United Kingdom and the United
States (Music Venue Trust and the National Independent Venue
Association).

Another charitable NFT depicting Edward Snowden auctioned for
$5.44 million on Foundation (a platform that facilitates NFT
auctions) last week. The token is called “Stay Free,” and
the $5.44 million closing bid makes it one of the most expensive
NFT sales. Like “Eazy Sleazy,” proceeds from “Stay
Free” will go to charity – this time to the Freedom of
the Press Foundation. The NFT is based on a photo by the visual
artist Platon and includes Snowden’s face overlaying court
documents related to the 2013 leak that exposed the NSA’s
domestic surveillance program.

The famed soccer player Pelé recently announced he will
be launching his first NFT. The artists, Kingsletter and Visual
Lab, have been working on the soccer player’s digital trading
card collection for months, and the first card will be released on
May 2 with Ethernity Chain. Ethernity Chain was built on the
Ethereum Network and specializes in donating proceeds from digital
art to charitable causes. Ninety percent of proceeds from
Pelé’s collection will go to his namesake
foundation.

For more information, please refer to the following links:

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

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