Signifty is poised to bring social impact to the mainstream through NFTs
Signifty, an NFT platform launches its mission to bring Social Impact to the mainstream through NFTs created by celebrities
Dubai, United Arab Emirates, Sept. 03, 2022 (GLOBE NEWSWIRE) — Signifty, an NFT platform is launching its mission to bring social impact to the mainstream through NFTs created by celebrities. Until now, NFTs have been seen as a hyped digital art investment in addition to their integration with games. But one startup believes it has found an untapped application for NFTs that is more than just profit or entertainment. Signifty insists there is a place for NFTs in the philanthropic sector, where they can be leveraged to raise money for charitable causes, from environmental projects to humanitarian initiatives.
Signifty is poised to bring social impact to the mainstream through NFTs
And to achieve its goal, Signifty collaborates with celebrities and well-known personalities, whose sprinkling of stardust will transform the humble NFT into a tool for bringing about positive change. Signifty aims to create a community of like-minded individuals trying to bring about meaningful change in the world.
Art meets heart
The concept Signifty bases its platform on goes like this. Celebrities have philanthropic causes close to their hearts. NFTs have a knack for forming passionate communities around shared interests. Signifty wants to channel fan power into a potent force for social change through the use of “Missions”. These are celeb-fronted campaigns approved by the project’s Good Deeds Center, which creates an NFT collection around the concept, with funds routed to charitable causes.
For example, imagine that Popstar X wants to preserve the Javan rhinoceros, an endangered species in Ujung Kulon National Park. Custom content in the form of audio, video, art, signature, letter or personal item from the star is digitized by Signifty, turned into an NFT collection and then made available to the public. The mission will detail fundraising goals, what can be achieved with the proceeds, and how the NFT decline will continue.
Rules for participation will also be adopted; the event can be whitelisted, and take the form of an auction or a fixed-price sale. If all goes as planned, the funding goal will be met, fans will get a piece of Popstar X in the form of exclusive NFTs, and Ujung Kulon National Park will receive funds to conserve the Javanese Horns. Everything is tracked on the chain, which ensures full transparency, and everyone benefits.
The beauty of the system is that participants can get involved for very different reasons, be it altruistic, speculative or a mild obsession with Popstar X, but all parties will emerge with something to show for their efforts, and the endangered rhinos will live to see feed another day.
The future of fundraising is social
While Signifty’s implementation of NFTs as a philanthropic tool is new, they are by no means the only startup to have stumbled upon the idea. Where there’s art, there’s The Arts, whose creative artists are known to champion charitable causes, often auctioning off their work or holding fundraisers to facilitate this. Harnessing digital art for social betterment is only the logical progression of this movement.
From raising funds for Ukraine to helping environmental projects, NFTs have been used to direct funds to worthy causes of all kinds. Last year, legendary NFT artist Beeple auctioned off his Ocean Front NFT, raising $6 million for the Open Earth Foundation, while Edward Snowden did the same for the Freedom of the Press Foundation to the tune of $5.4 million.
However, such initiatives have been one-off efforts, which have primarily served to raise funds from the already wealthy. Signifty aims to democratize the process by providing incentives for ordinary investors to participate, allowing everyone to claim a piece of the pie, do their bit for a cause they (or their favorite celebrities) believe in, and earn an exclusive NFT as a keepsake or tradable commodity.
NFTs have come a long way from the days of Pepe the Frog trading coins and pixel art. What started as a non-fungible token standard has been transformed into a panacea for global improvement, one cause at a time.
To know more about Signifty visit www.signifty.me
Twitter: https://twitter.com/signifty_me
Discord: https://discord.io/signifty
Instagram: https://www.instagram.com/signifty.official/
Telegram: https://t.me/signifty_news
Disclaimer: There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or other product or service in this article. This is not investment advice. Please do your own research.
Media contact:
Contact person: Rustam Aizatullin
Company Name: Signifty
Email: [email protected]
Location: Dubai, UAE
Website: https://signifty.me/
Newsroom: socials.submitmypressrelease.com
