Local Hong Kong companies raise funds for NGOs through NFT

Local Hong Kong companies raise funds for NGOs through NFT

Three local Hong Kong companies raise funds for non-governmental organizations (NGOs) through non-replaceable tokens (NFTs) to support green initiatives and sustainability.

In his published introduction video clip, a joint effort of the Cathay travel brand; the concept of child support The Hub Hong Kong; and Articoin – an innovative Green NFT platform – launched a painting competition called “My Home in Sham Shui Po”, which consisted of over 50 children and teenagers between the ages of 6 and 18.

All images show interpretation local community- Sham Shui Po, and are now sold as NFT on Cathay’s shopping platform – Cathay Shop – and Articoin’s Proof-of-Capacity (PoC) 2 Green NFT platform.

Josephine Leung, CEO of The Hub Hong Kong Child Support Concept, said: “The emergence of blockchain and NFT offers our charity a new perspective and opportunity. And we are grateful to have two highly regarded partners and supporters who will make it happen. All Net Funds raised from the campaign will go to support much-needed education and development programs for poor children at The Hub Hong Kong. “

The energy source for forging these NFTs is environmentally friendly. Compared to the carbon footprint generated by traditional consensus blockchain algorithms, the Green NFT platform Articoin is supported by a more energy-efficient PoC mechanism, which reduces carbon emissions to a greater extent (2,600 times).

These NFTs have been released as limited editions, which can be purchased with Asia Miles, Cash or Miles Plus Cash on Cathay’s shopping platform, Cathay Shop, and used on Articoin. However, customers can also buy them directly through the Articoin platform with a credit and debit card.

Andy Wong, general manager of corporate affairs at Cathay, said, “through these NFTs, we hope to provide an innovative new way for people to give their support to the amazing charitable work that is being done to help those at risk in our community.”

Image source: The Hub



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