NFTs for Good – Variety – the Children’s Charity x NFT Melbourne

March 15, 2023 by Variety - the Children's Charity

Charity of choice for NFT Melbourne

Variety – the Children’s Charity is thrilled to be charity of choice for NFT Melbourne, Australia’s largest gathering of NFT curious people ranging from beginners, enthusiasts, marketers, artists, developers, entrepreneurs and collectors, to champion NFTs for good in Melbourne on Wednesday 23 March.

NFTs for good are an emerging pillar of philanthropy which sees NFT artists and creative studios support charities by pledging 10%, 20% or even 100% of the proceeds of their NFT sales, creating a powerful force for good that has helped raise and donate millions of dollars to both global and local causes. Creators can also create ongoing impact through perpetual giving by including charities in smart contracts, ensuring a percentage of proceeds continue to create a sustainable impact.

Variety – the Children’s Charity are early adopters of NFT and crypto philanthropy, both in Australia and globally. The crypto, Web 3 and NFT community are uniquely generous with over $13M in NFT proceeds donated to causes in 2021 alone and 45% of crypto holders donating at least $1,000 to charity as compared to 33% of the general population. The charity does not hold crypto or NFTs, working with their secure partner The Giving Block to process donations which are converted to FIAT before being transferred to the charity.

With requests for support at an all-time high since the pandemic and cost of living crisis with vulnerable families under more financial strain than ever, like many charities, Variety is innovating to diversify its fundraising pillars to meet demand.

Variety CEO Mandy Burns said “The generosity of the crypto and Web 3 community globally is heartwarming. Having been founded by entertainers and artists in 1928, it is only fitting that Variety – the Children’s Charity work with the next generation of art and artists to support kids in need. We are thrilled to work alongside the Web 3 community to generate positive social impact for kids and families facing challenges with disability, disadvantage and illness.

NFT Melbourne Founder Theo Kanellopoulos says, “The power of community is at the forefront of the Web3 movement and we have seen many community driven initiatives raising money across the world for people in need. We are proud to be able to put a spotlight on Variety given their understanding of and support for Web3 and the potential of what we can achieve together by enabling crypto holders to donate to a cause that makes a real difference in a way that’s native to them.”

NFT Melbourne celebrates the intersection of technology and culture and the empowerment that it brings to creators, consumers AND communities in need. The event includes speakers, workshops and more.

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