COVID-19 charity covid:aid creates world-first NFT

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Do you want to become the world’s first ‘founding crypto-philanthropist’?

UK COVID-19 charity covid:aid is auctioning an NFT online which will see the winning bidder credited as the world’s first Charity Founding Crypto-Philanthropist.

The cryptocurrency craze has hit a peak in recent weeks, with the value of cryptocurrency exchange Coinbase hitting almost $100 bn soon after trading. Recently an art NFT sold for a record £69m, Twitter founder and CEO Jack Dorsey sold his first Tweet for more than £2.9m, and an NFT of a New York Times article fetched $560,000.

With these huge figures in mind, how much can – and should – this historic charity NFT be worth?

The auction will run for 24 hours once the minimum bid is received. All money raised will go towards funding covid:aid, which will plough this initial investment into building life-changing services.

It has been suggested that if an NFT of a piece of art sold for $69 million, then surely a charity NFT ought to raise more! However, at this stage, even 1% of that amount would be an amazing sum for covid:aid. It would allow us to launch the charity and provide life-changing services to support all those across the UK affected by the COVID-19 pandemic.

We are looking to launch in early May with a limited range of services and expand these as we build our community and attract support – any financial assistance at this stage will make a huge difference. Any philanthropists who bid will be putting themselves into the history books and doing so for a great cause.

Michael MacLennan, Chief Executive - covid:aid

Though other NFTs have been sold with proceeds going to nonprofit organisations, this is the first NFT that has been created and auctioned by a charity, and which will be directly credited as part of its founding.

This auction is for an NFT containing covid:aid’s first logo, designed by James RE Boynton. It is taking place on Foundation, one of the most popular platforms for NFT auctions.

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Covid Aid is reliant on YOUR donations to provide support to those hit by Long Covid, grief and bereavement, and other Covid-related issues