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Pakistani NGO Raised Millions in NFT Fundraiser via Crypto

by Web Desk
September 8, 2021
in Business, Economy, Finance
Reading Time: 3 mins read
0
Tayaba
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Tayaba Organization, a non-profit organization located in Pakistan, has developed and sold off a restricted assortment of Non-Fungible Tokens (NFTs) to generate exposure for its water availability program.

Tayaba Organization has become the first Pakistani non-governmental organization (NGO) – and one of the first global organizations – to use the revolutionary blockchain-based NFT platform for charitable fundraising objectives. As it gains popularity throughout the world, this provides a one-of-a-kind and real use scenario.

Because of its originality and technological brilliance, the fundraising effort quickly acquired popularity on Instagram, with a rising number of individuals exhibiting interest in the project.

The NFT assortment contains Trading Cards that represent each of the aforementioned qualities and reflect the influence of Tayaba’s H2O Wheels on its customers. The NFT fundraiser, which includes trading cards, animated pictures, and gifs, is being auctioned off through Opensea at opensea.io/Tayaba.

Despite the fact that the prices in a current auction range from $46 to $1,938 to $3,876 per item, Tayaba has managed to gather almost Rs. 2 million ahead of International Charity Day.

The funds earned through the sale of the NFTs will help the foundation continue working towards its objective of increasing water availability in order to empower women and families in disadvantaged and water-deprived regions.

When the auction went live, a promotion dubbed NFT (Now-for-Tayaba) was launched, offering consumers the rare opportunity to acquire unique NFTs valued at over $240 for free. This gift was made available to 20 winners on International Charity Day. To join the giveaway or discover more about the outcomes, go to the following digital media:

Instagram: instagram.com/tayabaorg

Discord: discord.com/invite/YE3Kb5Gh

Telegram: t.me/tayabaorg

Bilal bin Saqib, the fundraiser’s creator, and social entrepreneur told ProPakistani,

The world is rapidly changing, and digital trends are taking control. In this new digital age, NFT has the potential to be a game-changing medium for NGOs/Charities all over the world to generate cash. NFTs may be a fantastic method for organizations to collect cash through auctions in a transparent manner while engaging a new audience and boosting brand recognition.

He also urged other local companies and charities to “think forward and turn this into a win-win scenario for charity, corporate bodies, and the crypto community: increasing brand recognition and collecting cash for humanitarian groups doing incredible work in Pakistan.”

The Tayaba organization, led by a team of Social Innovators like Bilal, is now getting ahead of the curve by using NFTs to disperse idea of the consequences that its H2O wheels have on goals aligned with the United Nations Sustainable Development Goals (SDGs) such as Health, Gender Equality, Water Accessibility, Education, and Economic Growth.

Bilal Bin Saqib established the Tayaba Organization in 2016. Bilal’s social work has not only won a Points of Light Award and praise from Prime Minister Boris Johnson for the charity’s effect, but he has also made appearances in the Forbes 30 Under 30 list in honor of Social Entrepreneurship via Tayaba.

The Tayaba Organization is envisioned as a catalyst for providing cheap solutions to solve water shortages in Pakistan, as well as the accompanying challenges of non-existent or inadequate water infrastructure. To address this issue, Tayaba provides a unique solution known as the ‘H2O (Help-2-Others) wheel,’ which has benefited over 50,000 underserved and marginalized individuals who experience water/freshwater shortage.

Tags: NFTsPakistani NGOTayaba
Web Desk

Web Desk

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