Bitcoin
$ 30,300.00 2.29%
Ethereum
$ 2,039.91 3.45%
Solana
$ 52.11 1.32%
Dogecoin
$ 0.086784 1.12%
ApeCoin
$ 8.05 2.25%
STEPN
$ 1.40 2.78%
Terra
$ 0.000139 2.34%

9,000 NFTs To Be Released By George Floyd’s Brother To Honor Justice Day.

Screenshot at PM

TL;DR Breakdown

  • Terrence Floyd partnered up with Confront Art to release the NFT collection to mark Justice Day.
  • Proceeds from the NFTs sale to support We are Floyd Foundation and others.
  • NFTs are effectively being used for fundraising campaigns.
9,000 NFTs To Be Released By George Floyd's Brother To Honor Justice Day.

Terrence Floyd, brother of George Floyd, has collaborated with Confront Art to create 9,000 Non-Fungible tokens (NFT) to commemorate today April 15, which is regarded as Justice Day. Following the death of George Floyd in 2020 – due to the brutal treatment by Minneapolis Cop, Derek Chauvin – waves of protests erupted across the country under the “Black Lives Matter” movement. It is regarded as one of the largest in American history, with over 15 million people taking part.

Two years later and the protests have subsided, Mr. Terrence Floyd continues to advocate against racism and social injustice. He is the founder and leader of the We are Floyd Inc, a non-profit organization committed to fighting for human rights and social justice.

This latest effort of his comes as a partnership with Confront Art, a group that supports social justice causes through art expressions. Together, they will be putting up 9,000 NFTs for sale on mintNFT.com to celebrate April 15 –  tagged Justice Day. The money generated via the sale of these NFTs will be disbursed to support the We are Floyd Organisation and two other charities namely: The Breonna Taylor Foundation, and the John and Lillian Miles Lewis Foundation.

NFTs as a fundraising tool.

Non-Fungible Tokens represent a digitized form of art such as painting, video, music, and so on. These tokens are unique and cannot be exchanged for another hence the name “non-fungible”. Similar to other crypto assets, NFTs continue to gain popularity throughout the world. Businesses, game studios, and social media firms – just to mention a few – have found different ways to adopt the usage of NFTs which have proven quite beneficial. 

Recently, Non-Fungible Tokens have also been employed as a fundraising tool. Last month, Momint, a south African NFT marketplace, auctioned off a digital image of the arrest warrant of anti-apartheid activist and South African President, Nelson Mandela. The NFT was purchased for over $130,000 and the money was used to fund the Liliesleaf Farm and Museum which holds the original arrest warrant.

In the same month of March, three Ukrainian media outlets partnered up with NFT Platform Vault for the sale of 10,000 NFTs – which contained various information pertaining to the ongoing Russian-Ukrainian war. The funds generated will be utilized to support the media’s effort in covering the Eastern European conflict. As the world continues to explore the products of blockchain technology, there are expected to be more novel applications of NFTs and other digital assets.

Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Related News

Hot Stories

Seth Green loses his 4 NFTs in a Phishing scam; begs not to buy them.
Bitcoin, Ethereum, Shiba Inu, and FTX Token Daily Price Analyses – 19 May Roundup
Mike Novogratz preaches humility in investments and keeps his LUNA tattoo 
Ripple price analysis: XRP/USD set to break higher in the next 24 hours
Dogecoin price analysis: DOGE/USD set to break above the daily resistance

Follow Us

Industry News

Gabe Plotkin's hedge fund Melvin Capital shut its doors this week
CFTC indicts 2 men for running a $44M crypto Ponzi scheme
Goldman Sachs: crypto crash has little effect on the US economy
Commonwealth bank halts crypto pilot program
Mike Novogratz preaches humility in investments and keeps his LUNA tattoo