Charities NFT Initiative
The Retro 21 LLC Charities *NFT Initiative provides a mutually beneficial means to channel vital funds to charities in need. The objective is to provide a segue for various classes of donors/investors to own, market and speculate on the basis of an Ethereum based NFT, with it's metadata uniquely intertwined with a physical asset, an image producer, and affiliated charity. While charities are the most cherished beneficiary of tangible, non-speculative funds from our digital auctions, NFT owners will possess a high value physical and linked digital asset that resides within the Ethereum blockchain marketplace. Let us explain.
*NFT is an acronym for non-fungible token. A detailed explanation of NFT’s and the myriad of ways in which they are used can be found at https://ethereum.org/en/nft/
The NFT Charities Auctions are the primary means of generating funds for charities. Retro 21, uses the secure, Ethereum based, NFT marketplace to conduct a series of monthly auctions, delineated on the basis pf the following donor/investor categories; (a) corporations, (b) celebrity/athlete,(c) general public, (d) "open mint" which provides a means for donor/investors of any category, to employ the charity funding process outside of structured auctions. Retro 21 employs a need/value based approach to periodically select a specific genre of charity. The inaugural Phase 1.0 initiative will target the current/projected needs within our food banks.
The Charities NFT Auction
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