Storey Gallery

Main Menu

  • Home
  • Art Assets
  • Art Financing
  • Gallery Finance
  • Painting Auctions
  • Fund
  • Casinos Not On Gamstop
  • Casinos Not On Gamstop
  • Non Gamstop Casino
  • Non Gamstop Casinos
  • Non Gamstop Betting Sites
  • Best Betting Sites Not On Gamstop

Storey Gallery

Storey Gallery

  • Home
  • Art Assets
  • Art Financing
  • Gallery Finance
  • Painting Auctions
  • Fund
Art Assets
Home›Art Assets›Penn students start NFT company to raise money for St. Jude Children’s Research Hospital

Penn students start NFT company to raise money for St. Jude Children’s Research Hospital

By Jorge March
February 9, 2022
0
0

The MyCryptoWish logo.

A team of three students recently launched an NFT business, MyCryptoWishto raise funds for St. Jude Children’s Research Hospital.

College sophomore Evan Golinsky, junior engineer Sebastian Melendez, and Purdue University senior Zach Lederman started the company in July 2021. According to CNNNFTs – non-fungible tokens – “turn digital artworks and other collectibles into unique, verifiable assets that are easy to trade on the blockchain.”



Golinsky, who has raised money for charities in the past, said he sees a new opportunity with the growing popularity of NFTs.

“The goal of this company is to raise over $1 million for St. Jude Children’s Research Hospital by selling 10,000 non-fungible tokens, with 100% of the proceeds going to St. Jude,” Golinsky said.

MyCryptoWish works in two ways – through the website and through Golinsky’s Discord channel. Golinsky plans to sell 10,000 unique, hand-drawn NFTs in the form of cartoon faces designed by a local artist in Miami, where Golinsky is from.

Users can purchase NFTs through the website, but will have to wait for Golinsky to post them to gain access. He added that he uses his Discord channel to gauge interest in each NFT and will post them when he deems there is enough interest in them.



After that, he plans to release them in a raffle style – if more than one person expresses interest in a single NFT, an algorithm will randomly select one individual to purchase it.

“Essentially, someone will purchase one of these NFTs through the website. And in return, not only do they get a star to represent that they own that NFT, but they also get the satisfaction of knowing that their money has gone to a good cause,” Golinsky said.

After receiving the NFT, consumers can choose to resell it to whomever they want. Using a hardwired address, the company’s programmers have implemented a system where money will flow directly from the consumer to St. Jude to ensure transparency.

“So as long as NFTs are traded and kept in circulation, money will be collected and sent to St. Jude,” Golinsky said.

The company’s current goal is to raise more than $1 million for St. Jude, but Golinsky says “the sky’s the limit” in terms of how much money they can raise in the future. .

Subscribe to our newsletter

Receive our newsletter, The Daily Pennsylvaniandelivered to your inbox every weekday morning.

He added that he hopes to expand this concept of using NFTs in the future to raise money for other charities and build a community around charity fundraising through NFTs and others. cryptocurrencies.

“Most people have never seen a charity project done in this way, and I hope I can inspire people to do something similar and create a community built around inspiring people to do such projects. “, said Golinsky.

Golinksy and his team hope to publish the NFTs and start fundraising by spring.

Related posts:

  1. Does bitcoin deserve a spot in your funding portfolio?
  2. Bits & Bytes: A night with Sandra Cisneros; Property for summer season artist webinars; The Spencertown group writes the winners
  3. Falling NFT Costs Sparks Debate Over Stimulus Trend Finish
  4. Executive Turntable: Roc Nation Hires EVP
Tagsfungible tokens

Recent Posts

  • Brussels outlines plans to boost EU powers to seize oligarchs’ assets
  • Digitizing Payments Improves Customer Satisfaction
  • Governor Hochul announces the start of construction on a $49 million affordable housing development in the Bronx
  • Sale of William Barak artwork breaches ‘Aboriginal cultural traditions’, says Australian Wurundjeri elder
  • Sir John did not declare his heritage

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • November 2020
  • October 2020
  • September 2020
  • May 2020
  • April 2020
  • January 2020
  • December 2019
  • November 2019

Categories

  • Art Assets
  • Art Financing
  • Fund
  • Gallery Finance
  • Painting Auctions
  • Terms and Conditions
  • Privacy Policy