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They're called non-fungible tokens, or NFTs, and they've gained a lot of attention over the past few years.
In fact, the market for NFTs grew by more than 22,000% last year, and sales hit $17.6 billion, according to a Giving Block report.
NFTs are essentially "a way to store data on a blockchain such as Ethereum," explains the Giving Block.
They can't be swapped for another NFT.
That's because each token functions as a way to validate unique ownership of something, such as a single work of digital art.
In the case of digital art, NFTs are often misunderstood to be the work of art itself, but that is not the case.
Instead, the NFT is the underlying technology that has enabled digital artists to mint and sell uniquely verifiable works of art (think of it as a deed to a house, not the house itself).
In recent years, nonprofits have adjusted their donor strategies in response to a spate of major global disruptions.
Many have also identified the need to embrace new technologies to connect with younger supporters.
NFTs have caught the attention of mainstream culture, the market for them has grown exponentially.
In 2021 it grew by more than 22,000%
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Haril Kazindra and wife Andrea are the co-founders of Musana, a community development NGO that runs 19 social enterprises across Uganda.Musana has offices in Denver and London and employs 700 staff,...more
Foundation: Lilly Endowment
All In Kosciusko exists to promote and accelerate the economic and community development already happening across the county.Concerns about economic diversification, talent retention and quality of...more
The Bill Gatton Foundation supports K-12 and higher education, health, and community development in Kentucky, Upper East Tennessee, and Southwest Virginia.Large education grants include $13.5 million...more
Local organizations win $9 million for new affordable housing, social services.Connecticut's Community Investment Fund grants come amid a deluge of cuts to federal funding.The fund was established in...more
Foundation: Parasol Tahoe Community Foundation
Parasol Tahoe Community Foundation has proudly supported Bread & Broth for the past 10 years.In 2024, the Community Foundation was able to introduce the mission of Bread and Broth to a donor who is...more
Foundation: Latino Community Foundation
Latino Community Foundation Awards $3.88M in Grants Across California and Nevada.NewsBreak: Latino Community Foundation awards $3,000,000 in grants across California andNevada.Newsbreak: $1.5 million...more
Alejandro Betancourt Lopez rejects traditional corporate social responsibility models that separate business operations from community impact.Rather than limiting community engagement to corporate...more
Thoughtful giving isn't just about making a donation, it's about creating meaningful impact.Community foundations exist to connect generosity with need, ensuring that charitable giving is both...more
Kareem Thomas most recently served as Chief Credit and Lending Administration Officer at Reinvestment Fund.Bhavani Daryanani has more than 20 years of experience in the sector, bringing deep...more
SECU Foundation has been named a recipient of the 2024 Carolinas Credit Union Foundation Hero Award for Partner in Philanthropy.The SECU Foundation promotes local community development in North...more
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Social Entrepreneurship
Spotlight
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
