Updated: Jul 28
An NFT project, called “ShelterFrens” has donated $20,604 to Kootenai Humane Society. The project raised the money by selling (or “minting”) NFTs and donating the cost of the minting to the shelter. ShelterFrens intends to raise money for other no-kill shelters across the country.
NFT stands for “non fungible token” and is a unique token “minted” on a blockchain. Each NFT is unique and are often used as digital art. Minting NFTs requires paying a small fee which is often given to the project or creator.
Of course, in this case, it will go to animal supplies at Kootenai Humane Society. Shelter Frens charged .02 ETH, currently around $23, to mint this first batch of NFTs. Other campaigns will be minted in the future to raise money for other no-kill shelters.
Local crypto communities have been popping up in Coeur d’Alene despite a recent downturn in the crypto market. These groups tend to be welcoming to new-comers. One, called Crypto and Coffee, meets at 8:30am at Lyfe Coffee every Saturday morning.
“It’s great to see NFTs make a positive difference in our community,” one member said. “It goes to show it’s not just magic internet money.”
Learn more about ShelterFrens at shelterfrens.com.
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