Today’s consumers value sustainability and social impact more than ever before. 'NFTs for good' enable users to fund positive social, cultural, sustainable development or environmental impact. These communities are supported by a strong following of people who are optimistic about the positive impacts web3 technology have for the social causes they case most about.
The innovation of impact NFTs is the ability to convert traditional spend on assets and collectibles into a format that funds social and environmental causes, through the purchase of the digital art, collectible, or avatar. Impact NFTs can act as a verifiable certificate on the blockchain, confirming the funding is sent directly to the impact cause, and then reported to the relevant stakeholders, community members and beneficiaries.
To date, millions of dollars have been donated to charities by the NFT community. The most popular use cases are NFT collections with set royalties going directly to charities that accept crypto donations.
Are you a social impact changemaker or supporter? Explore with us all the latest NFTs for good on our platform and play a role in defining their popularity.