Polkadot-based Teddy DAO seeks to onboard charitable donors through Web3 education
Polkadot-essentially essentially based Teddy DAO seeks to onboard charitable donors via Web3 education Polkadot-essentially essentially based Teddy DAO seeks to onboard charitable donors via Web3 education
On the crossroads of charity and technology, Teddy DAO targets to introduce Web3 to previous donors.
Duvet art/illustration via CryptoSlate. Image comprises mixed exclaim material that would also embody AI-generated exclaim material.
Polkadot (DOT)-essentially essentially based charity project Teddy DAO must attract more previous donors to its cause by promoting Web3 education.
So some distance, the initiative has garnered about $14,000 in contributions to supporting charitable causes, including these centered on youngsters’s welfare, anti-human trafficking efforts, cancer analysis, and others.
Moreover, the project is decided to distribute 190 bodily Teddy Bears to underprivileged youngsters this year in alignment with its commitment to donate one Teddy DAO NFT for every and every minted.
Teddy DAO is a perpetual NFT sequence that donates its sale proceeds to charity. Donors to the project can enjoy tax benefits as a result of the Teddy DAO Basis holds legitimate charitable reputation with the U.S. Internal Income Provider (IRS).
Attracting previous donors
Despite making early social impacts, the project has but to penetrate the previous donor market successfully. This would possibly occasionally perhaps perhaps even be partly on account of the emergent nature of web3 technology, which is gathered not broadly understood by most donors.
While around 67% of U.S. properties quit to three% of their earnings to a charity, Â a 2022 Harvard Commercial Overview poll confirmed that with regards to 70% of more than 50,000 claimed not to clutch what web3 is. This poll reveals that many other folks scheme not know they are going to utilize the web3 space to toughen humanitarian causes.
Teddy DAO looks to beat this project by facilitating a Web3 education program for this class, adding that its cause would possibly per chance perhaps be tremendously supported when JustGiving begins rolling out the project to the over 450,000 charities interior its community.
David Chapman, founder of Teddy DAO, told CryptoSlate that the project would delivery an instructional X Area series tagged “Teddy Tuesdays” to coach previous donors about Web3 and the project.
“We now bear a major draw to coach previous charity donors and let Teddy DAO be a gateway into the realm of Web3,” Chapman added.
5% of NFT royalties to treasury
Teddy DAO disclosed that a 5% royalty structure will be implemented upon increasing a secondary marketplace for its NFTs. The royalty would possibly per chance perhaps be gathered within the project’s treasury, and contributors of its DAO would possibly per chance perhaps even vote quarterly on tips on how to distribute funds to charities within the muse’s treasury.
Meanwhile, Teddy DAO reaffirmed its dedication to promoting energy effectivity interior its charitable endeavors. The platform emphasized its selection of Polkadot on account of the blockchain’s acknowledged minimal carbon footprint.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's skill. He imparts insights on a vary of issues fancy DeFi, hacks, mining and culture, underlining transformative energy.
Jacob Oliver
Jacob Oliver is a bettering academic and English teacher turned crypto journalist and web3 writer. He holds a Ph.D. from the College of Washington.
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