Despite the hype of NFT, one aspect of NFT that remains relatively unexplored is the utilization of NFTs for social good. In fact, NFT are a powerful decentralized tool to raise money and facilitate collective giving, not only for charitable causes but also for socio-entrepreneurial activities, in particular those involving circular economy concepts. NFTs can conceptualize and implement SDGs and environmental projects by making good use of digital assets to upcycle its format for humanitarian initiatives with blockchain for transparency.
In 2023, Dr. Yeung and Mr. Lee collaborated to launch HopeNFT, a program dedicated to encouraging and developing projects that implement SDGs and social good, by enhancing and empowering their fundraising abilities and enabling them to expand their communities through eco-friendly (low emission ) NFTs and leveraging on the latest Web3 technologies.
All these efforts have a common goal of facilitating and inspiring “HOPE” for the future !!
GOALS OF HOPE-NFT
At its heart the 2030 Agenda for Sustainable Development are the 17 SDGs. They recognize that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, and spur economic growth – all while tackling climate change and working to preserve our oceans and forests.
“We Don't have a Moment to Lose”
“The well-being of people around the world, the health of our planet, and the survival of future generations depend on our willingness to come together around a commitment to collective problem-solving and action”
-- UN chief António Guterres
problems with philanthropy sector
Current NGOs & SDG projects are operated in Highly Centralized
Mostly projects are on Top-Down Model
Many projects for SDG & Social Goods are driven by Passionate Individuals who do not have good connection with major NGOs
Passonate Individuals do not have Access to Fundraising Channels
Current Philanthropy Sector is not Transparent
Lack of Tools for Tracking Use of Proceed
Charity Fraud Problem is increasing (e.g. 44% increase in UK in 2022)
HopeNFT empowers SGP (“social good projects”) to innovate and transform themselves by leveraging Web3 technologies to boost their donor engagement and visibility, and to achieve this through education, operation training and providing one-stop technology solutions to SGP.
OBJECTIVES OF HOPE-NFT
To provide an alternate and cost-efficient way for SDG Acceleration / ESG projects for social good to use Web3 to conduct fundraising campaign and receive donations via traditional fiat currency.
To provide a convenient and reliable way for donors to participate and make donations through traditional online credit card payment or cryptocurrencies.
To provide a convenient and environmentally friendly way for artists, content creators and IP owners to participate and support SGPs (social good projects) without any technology hurdles.
SHARE & PROMOTE
To provide a convenient and well-connected way for local/ global ambassadors to participate and contribute their social influence to promote projects on HopeNFT platform.
ECOSYSTEM OF HOPE-nft
1. NGOs, Charites, Non-profit & Social Entreprises endorsing selected Projects
2. Creative Communities, Good & Service Providers, and IP Owners contribute valuables to the system
3. Embracing and evangelizing
the program through their network
4. Donors and Enterprises
supporting the system
5. Project owners will be supported by
all parties in the program to execute their plans, deliver results and achieve targeted SDGs.
Inauguration Ceremony of HopeNFT
29th July 2023
The Inauguration Ceremonry of HopeNFT & "Art x SDG" Seminar was successfully held on 29th July 2023. More than 60 guests participated and celebrated delightedly with us.