CryptoPolyTech.com
Crypto, Politics, Tech, Gaming & World News.

Singapore Development Council to Distribute NFTs for Goodwill | CPT PPP Coverage

 | cutline • press clip • news of the day |

Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE

200000048 – World Newser
•| #World |•| #Online |•| #Media |•| #Outlet |

View more Headlines & Breaking News here, as covered by cryptopolytech.com


Singapore Development Council to Distribute NFTs for Goodwill appeared on nftplazas.com by Tokoni Uti.

More and more these days, NFTs are finding application in goodwill and charitable endeavours. These usually take the form of assets being sold to raise funds for non-profit causes. Now, The South East Community Development Council (South East CDC) in Singapore is leveraging NFTs to benefit the less privileged. 

This is being done through NFT distributions to vulnerable people over a 10-year period. The NFTs to be given out will come to a value of $60,000 during that time. 

The NFTs will be distributed by LifesDAO, a local web3 company. 120 vulnerable people and their families will be the recipients of these NFTs and with them, they can access LifesDAO’s network of over 100 merchants. These merchants include services such as hair styling and traditional medicines. 

In the first year of this program, people who are registered with social programs like Filos Community Services can access these NFTs, which will have a value of $6,000. The South East CDC had previously completed a 1-month trial of this program before deciding on a longer rollout. 

The idea behind this program, according to those behind it, is to use NFTs to better the lives of citizens. 

It is the first time we are social brokering through NFTs to provide services for the vulnerable in our community. We are heartened to have such meaningful partnerships, initiatives like this serve as a part of our mission to strengthen social infrastructure in our community by identifying and addressing the different needs of our residents,” said Fahmi Aliman, the mayor of South East District.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.



Related Posts

FEATURED ‘News of the Day’, as reported by public domain newswires.

Find more, like the above, right here on Cryptopolytech.com by following our extensive quiclick links appearing on images or [NEWSer CHEWSer].
View ALL Headlines & Breaking News here.

Source Information (if available)

This article originally appeared on nftplazas.com by Tokoni Uti – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.

We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.

CPT (CryptoPolyTech) PPP (Public Press Pass) Coverage features stories and headlines you may not otherwise see due to the manipulation of mass media.

We compile ‘news of the day’ content in an unbiased manner and contextually classify it to promote the growth of knowledge by sharing it just like Singapore Development Council to Distribute NFTs for Goodwill

First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!

You might also like