Arijit Sarkar14 hours agoNFT artist raises $140K for cancer support charityThe funds raised from the event will help 4,000 people impacted by cancer and locals who need immediate and vital support.1635 Total views24 Total sharesListen to article 0:00NewsJoin us on social networksA nonfungible token (NFT) artist raised nearly $140,000 (114,000 British pounds) from an art event in Edinburgh, Scotland to support cancer treatment.

Maggie’s Edinburgh — an institution dedicated to free cancer treatment — received 114,000 pounds from Trevor Jones, a popular crypto artist from Scotland, who raised funds at a charity exhibition and auction at an annual Web3 Castle Party near Paris.

According to Maggie’s Edinburgh Fundraising, the funds collected by Jones amounted to the highest single donation from an art event recorded in the Edinburgh Center’s 27-year history. A spokesperson representing Maggie’s Edinburgh attributed the success to “the support and enthusiasm of the NFT art community.”Cancer patient (right) being able to live a normal life owing to philanthropic initiatives. Source: maggies.org

The total money raised from the fundraiser will go toward helping 4,000 people impacted by cancer and locals who need vital support. The exhibition held at Château de Vallery near Paris saw participation from 30 artists. Speaking about the event, Jones stated:“The funds raised (from NFT artists) will make a huge difference and will go to support services for those affected by a cancer diagnosis — patients and their families. This is certainly a wonderful way to remember such a beloved artist, also taken by this disease.”

Ever since NFTs got mainstream attention in 2021, the sub-ecosystem has helped the community contribute to several philanthropic initiatives.

Related:Crypto donations amplify speed and global reach during crisis

From supporting mental health and protecting war victims to aiding the United Nations Children’s Fund (UNICEF) initiatives, NFT and cryptocurrency investors have contributed to helping global society.

Moreover, the United States Federal Election Commission approved using NFTs as a campaign fundraising incentive last year. Major brands, such as Coca-Cola and the Singapore Red Cross, and government bodies have previously opted for NFT and crypto donations to fuel various philanthropic initiatives.

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