UNICEF has released an Ethereum-based NFT collection to help more schools access the internet. The Ethereum-based NFT sale will be used to fund UNICEF's "Giga Initiative". The NFT sale is the UN agency's latest attempt to support blockchain technology.
UNICEF will use the proceeds from the NFT sale, which consists of an exhibition by digital artist and data scientist Nadieh Bremer called “Patchwork Kingdoms”, as part of the “Giga Initiative” launched to provide access to the internet for more children around the world.
Launched in 2019, the Giga Initiative is a global project by UNICEF and the United Nations International Telecommunication Union to connect every school to the Internet so children can benefit from web-based information and opportunities.
Created in partnership with NFT marketplace Snowcrash Labs, Ethereum Foundation, Metagood and other leading firms, the Patchwork Kingdom collection includes 1,000 NFTs. To express the importance of Giga, UNICEF states that each NFT is plotted using data it collects from more than 282,000 schools in 21 countries.
Some of the NFTs will be digitally watermarked to commemorate the agency's 75th anniversary, while others will be linked to events in early 2022. These digital collectibles will be sold directly by UNICEF using the Ethereum blockchain.
UNICEF Executive Director Henrietta Fore, UNICEF Executive Director, said:
“Looking back at our past, we must look forward and seize every opportunity to take innovative action to secure the future of our children.
If we want to reach more children and invest in a better world, we must use every tool in the toolbox – including new ways of fundraising and financing – and the launch of UNICEF's first global data-driven digital token collection will directly support our work. global efforts to bridge the digital divide and help every young person access the internet.”
On the other hand, this is not the first meeting of UNICEF and the cryptocurrency industry. In April 2021, the non-profit organization Huobi Charity Limited, affiliated with Huobi Global, one of the leading cryptocurrency exchanges, donated a total of $1 million in Bitcoin and fiat currencies to UNICEF.
Also known as the UNICEF Innovation Fund, UNICEF's investment leg has long invested in blockchain technology and funds early-stage and open-source Web3 projects that have the potential to impact children around the world.