Friday, October 15, 2021

Trippy Bunny NFT donates 100% of mint proceeds to suicide prevention foundation

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Trippy Bunny NFT, a brand new nonfungible token undertaking constructed on Solana, has introduced that it’s donating all of its mint sale proceeds to the American Basis for Suicide Prevention.

The announcement was made on Suicide Prevention Day, a worldwide consciousness occasion noticed globally on Sept. 10. The annual consciousness day was first organized in 2003 by the Worldwide Affiliation for Suciide Prevention. At the moment, it has the help of the World Well being Group and the World Federation for Psychological Well being.

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Globally, it’s estimated that 700,000 individuals die by suicide yearly, according to United for International Psychological Well being, a world basis selling psychological well being, In 2019, it was estimated that multiple in each 100 deaths globally was brought on by suicide.

Trippy Bunny’s mint proceeds had been collected via Gemini {dollars} (GUSD) and totaled $220,886. The whole quantity will go in direction of the American Basis for Suicide Prevention. The undertaking published the transaction hash identification, which appeared on Etherscan.

Trippy Bunny minted 1,111 NFTs on Sept. 10 and every collectible was valued at 1.11 SOL. On the time of writing, SOL is valued slightly below $189, in response to Cointelegraph Markets Pro.

The GUSD token switch was facilitated by The Giving Block, a cryptocurrency donations platform that has launched a number of initiatives to extend charitable contributions from the blockchain business. The corporate’s newest initiative, dubbed Crypto Giving Pledge, noticed contributions from leading industry veterans together with Ryan Selkis, Dan Matuszewski, Qiao Wang and Haseeb Qureshi.

Associated: Cryptocurrency can actually make a difference by helping people

The cryptocurrency business has demonstrated its generosity by contributing hundreds of thousands of {dollars} to charitable organizations. In Might of this yr, crypto initiatives Munch and Elongate collectively raised over $3 million for numerous nonprofit organizations. A number of main nonprofits have additionally begun accepting contributions in cryptocurrency, together with the American Cancer Society, which in January introduced that it had established a $1 million Most cancers Crypto Fund to extend its capability to just accept donations.