A non-fungible token (NFT) artist has raised almost $140,000 (£114,000) at an art event in Edinburgh, Scotland, to support cancer treatment.
Maggie’s Edinburgh – a facility dedicated to free cancer treatment – received £114,000 from Trevor Jones, a popular crypto artist from Scotland, who raised money at a charity exhibition and auction at an annual Web3 Castle Party near Paris.
According to Maggie’s Edinburgh Fundraising, the funds raised by Jones amounted to the highest donation from an arts event in the Edinburgh Centre’s 27-year history. A spokesperson for Maggie’s Edinburgh attributed the success to “the support and enthusiasm of the NFT art community.”
Cancer patient (right) who can lead a normal life thanks to philanthropic initiatives. Source: maggies.org
All money raised from the fundraiser will go towards helping 4,000 people affected by cancer and local people in need of vital support. 30 artists participated in the exhibition in Château de Vallery, near Paris. About the event, Jones said:
“The funds raised (from NFT artists) will make a huge difference and will go towards support services for those affected by a cancer diagnosis: patients and their families. This is certainly a wonderful way to commemorate such a beloved artist, also affected by this disease.”
Since NFTs gained mainstream attention in 2021, the sub-ecosystem has helped the community contribute to various philanthropic initiatives.
Related: Crypto donations increase speed and global reach during crises
From supporting mental health and protecting war victims to aiding United Nations Children’s Fund (UNICEF) initiatives, NFT and cryptocurrency investors have helped benefit global society.
Additionally, last year the United States Federal Election Commission (FEC) approved the use of NFTs as campaign fund incentives. Major brands – such as Coca-Cola, Singapore Red Cross – and government agencies have previously turned to NFT and crypto donations to drive various philanthropic initiatives.
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