–News Direct–
Umoja Foundation, a philanthropic web3 project, unveiled their first collection of 6,050 charity NFTs set to mint on November 28 as part of Giving Tuesday.
Hinging on the limitless possibilities that web3 presents for direct humanitarian impact, Umojas mission starts with evolving NFTs into social tokens for good, providing altruistic, real-world utility.
Following the likes of mainstream financial companies, such as PayPal, MoneyGram, CashApp, and Venmo, who are adapting their platforms for cryptocurrency, Umoja seeks to usher in a mass adoption era of NFTs by revolutionizing the concept of philanthropy.
Umoja believes the next generation of philanthropy belongs on the blockchain, thanks to the numerous benefits it offers, including transparent and immutable transactions that create trust, unique passive revenue opportunities, visible direct impact for patrons, and limitless potential thats only just begun to be tapped.
Ideated by the very people the project supports, each Umoja charity NFT supports orphans and the surrounding needy community of Dasom Ministries Orphanage in Uganda. The 17 resident children of Dasom Ministries, led by Joel Muwonge, are not only the beneficiaries of the projects proceeds, but the artistic visionaries behind every piece of generative art in the collection as well.
Prompts imagined by the children such as I imagine a lion carrying a young boy [on] its back, running through a body of water or I imagine of a woman dressed in a white dress, walking through a field of blue and white flowers are fed, along with a secret sauce of artistic direction coined by Umojas Founder Tiffany Stewart, into a generative art program, creating Umojas unique, dreamlike pieces.
Proceeds from Umojas NFT sales provide direct real-world value by funding Dasom Ministries recurring expenses like food, medicine, education, and clothing, along with fixed-cost projects like constructing a larger home, purchasing a transport van, and a clean water project.
During the 17-day mint period (representing the 17 children in Dasom Ministries care), the debut collection will feature 200 30/30 pieces and 50 1/1 pieces, priced roughly at the Ethereum equivalent of $50 USD and $150 USD, respectively. These price points are designed to create an accessible, yet impactful, entry point for a philanthropic web3 contribution.
Available exclusively on Rarible, any of the Ethereum-backed resales of Umojas NFTs will generate royalties funding the foundations ongoing support. Umoja emphasizes resales as an integral component of its model, stressing the importance of viewing these pieces as an investment in real-world utility: Upon each resale, 7% of the royalties are routed back to Umoja to supply replenishment of resources and ongoing support to Dasom Ministries, as well as expansion efforts.
Leveraging the borderless aspects of web3 to bridge the worlds technology gap and better share the wealth, Umoja aspires to become a larger vehicle for social good. Future collections will include animated and physical NFTs, and support wider communities in Uganda, Africa, and elsewhere.
ABOUT UMOJA
Umoja is a web3 NFT project with real-world utility. We generate art imagined by the kids our proceeds support at Dasom Ministries Orphanage in Uganda. Umojas first collection mints November 28, 2023.
DIGITAL CHANNELS
Website: https://umoja.foundation/
Blog: https://umoja.foundation/blog
Twitter: https://twitter.com/UmojaImpact
Instagram: https://www.instagram.com/umoja.foundation/ Discord: Umoja Foundation Community
LinkedIn: Umoja Foundation
Contact Details
Tiffany Stewart
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/umoja-foundations-charity-nft-collection-supporting-ugandan-orphans-mints-november-28-as-giving-tuesday-100396294
Umoja Foundation
COMTEX_444096170/2655/2023-11-27T12:36:54
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