NFT sales skyrocketed that month, totaling $ 896 million, more than triple the previous best month for NFT sales in May. One of the most popular NFT collections, Cryptopunks, a project that inspired the modern day CryptoArt movement with 10,000 unique collectible figurines with proof of ownership stored on the Ethereum blockchain movement, accounted for nearly $ 400 million in volume.
Earlier this week, credit card giant Visa bought CryptoPunk # 7610 for 49.5 ETH, which is nearly $ 150,000. Within an hour of purchase, nearly 50 more of the pixelated avatars were sold, instantly increasing the price of Visa’s Punk # 7610 by $ 70,000.
But why this sudden interest in NFTs?
NFTs, or non-fungible tokens underpinned by another relatively new technology called blockchain, are quickly aiming to redefine the value of our culture. The digital certificates of authenticity can be attached to anything, such as: B. digital art, audio files, video clips, music, animated stickers, whatever. NFTs prove the ownership of an item by recording its details on a digital ledger or blockchain that is public and stored on computers over the internet.
With this new focus on culture, new initiatives are rapidly springing up within the NFT ecosystem. A whole new group of people are showing interest and entering the crypto world. Artists are now focused on making impact with their chosen social causes by selling their digital or digitized art.
DoinGud, an NFT ecosystem focused on inspirational creativity and positive social impact, announces the first Creators activists Lauren YS, Jules Muck and Allison Bamcat to debut on DoinGud’s NFT platform.
These creators join a growing list of H + Creative’s critically acclaimed artists (Blunt Action, Mishko, Post Wook, Renderfruit, Skeeva) as well as Shinji Murakami, Chris McCann, Jermaine Rogers, Emek, Ben Heim and Agoras over 3 million member photographers -Community.
Each of these creators are at the forefront of their craft and are the center of DoinGud’s ecosystem for driving positive change.
Launching in September, DoinGud and its passionate creators normalize social impact through creativity that encourages continuous giving. DoinGud reinvents the creator and gives economics by encouraging creators to allocate at least 5% of primary NFT sales plus 2.5% of future sales to audited social impact organizations of their choice, all traced via on-chain records can be.
As a social NFT platform and marketplace with all facets of their model geared towards creating a better world, DoinGud supports a thriving movement of creators and collectors buying NFTs that match their worldview and values.
NFT creators bring awareness and creativity to marginalized communities too. Such as the work of the mural painter Jules Muck, who lives in Venice, a mural of the Syrian refugee camp from Lesbos, which was also covered by National Geographic. She also painted portraits of victims of police brutality for BlackLivesMatter. The interface between her craft and her unique personal journey spurred her to found the nonprofit Muck Recovery. Muck Recovery provides a safe place to create art and help people sober up and stay sober.
“I always want to interfere in the injustice my friends or I see. Selling NFTs increases sustainable income, raises awareness of marginal issues and drives Muck Recovery to help others get started, ”said Jules Muck.
Through DoinGud, Jules also plans to stream a portion of her NFT proceeds to the Bridge Cities Alliance, the nonprofit behind Pride on the Port, an event in San Pedro dedicated to bridging the gaps in the LGBTIQ + community in LA and empowering marginalized communities.