How It Works?

What?

My main mission is to harness the power of digital art and NFTs to generate sustainable funding for nonprofits dedicated to addressing social, environmental, and economic disparities. By employing innovative revenue sharing models and using blockchain technology, I aim to support creative solutions that shape a more just and equitable world for all. 

How?

If you are new to NFTs and blockchain, I would suggest doing some independent research to obtain a comprehensive understanding of the technology. If you are familiar and just need a quick refresher, continue reading for a short summary from ChatGPT.

Now that we are all up to speed, we can look into the revenue share models implemented in the smart contracts of the NFTs listed on this site. Since these contracts leverage blockchain technology, the entire process is transparent and traceable. Buyers and stakeholders can view the transaction history and ensure that revenue is being distributed as expected.

  • An NFT (Non-Fungible Token) is a unique digital item that you can buy or sell. It could be digital art, music, or even a virtual game item. The key thing is that it’s one-of-a-kind, like owning a rare trading card or painting online.

    • Non-fungible means it’s unique and can’t be replaced by something else.

    • People often buy and sell NFTs as digital collectibles.

  • The blockchain is like a secure, public record book. It’s where all transactions involving NFTs are stored.

    • Blockchain keeps track of who owns what, when items were bought or sold, and makes sure everything is recorded securely.

    • When you buy or sell an NFT, the blockchain automatically updates with this information, so there’s a permanent, trustworthy record.

  • A smart contract is a digital agreement that automatically happens when certain conditions are met, all without needing a person to manually make it happen.

    • How it works: When you buy an NFT, a smart contract could automatically transfer the ownership of that NFT to you and send the money to the seller, without anyone having to do it by hand.

    • Automated and Trustworthy: Smart contracts are built into the blockchain, so they automatically execute transactions based on rules that everyone agrees to upfront. For example, “if someone buys this NFT for $100, transfer ownership and split the money 50/50 between the artist and a charity.”

    • Ownership: The blockchain makes sure there’s proof of who owns the NFT, and this ownership can’t be faked.

    • Security: Smart contracts make transactions quick and automatic, so no one needs to worry about whether the other party will follow through.

    • Transparency: Everything is public and can be verified, so you can trust that the transaction is fair.

Why?

Because I love to create win-win-win situations. Because I believe in social and future-oriented capitalism. Because I understand that there are too many things in this world that are either highly undervalued or grossly overvalued, and I’d like to do my small part in bringing it all to balance.