Nonfungible tokens, or NFTs, are certificates of ownership representing digital artwork, music, videos, audio, memorabilia and more. They have rapidly gained in popularity over the past year for their ability to enable everyday artists to create and sell content. In fact, OpenSea, the world’s biggest NFT marketplace, recently surpassed $1.6 billion in monthly trading volume alone.
Like physical artwork, NFTs can also be auctioned for charity purposes or donated to nonprofit groups with generous tax deductions. From funding the construction of a school in Uganda to helping frontline healthcare workers, nonprofit NFT drops can play a decisive role in making a positive difference in society.
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