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NFT News

Parallel to Donate NFT Charity Auction Proceeds to Khan Academy

The NFT titled ‘Inspiring Teacher’ is set to be auctioned off at the OpenSea marketplace.

Written By Vismaya V
Published January 19, 2022 1:26 PM·Updated 12 months ago
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Parallel to Donate NFT Charity Auction Proceeds to Khan Academy

In Brief:

  • NFT card game is auctioning off an NFT title ‘Inspiring Teacher.’
  • The sales proceeds will go to the online learning platform Khan Academy.
  • The auction to be held at OpenSea on January 19, 5 pm EST

NFT sci-fi game Parallel stated they will auction off a single edition NFT and donate the proceeds to the online learning platform Khan Academy.

A message from the @ParallelNFT team ahead of their OpenSea auction in support of @khanacademy tomorrow ↯

— OpenSea (@opensea) January 18, 2022

The NFT titled ‘Inspiring Teacher’ will be auctioned off at the OpenSea platform on January 19, 5 pm EST.

Khan Academy confirmed the news saying that it’s the first time they are becoming the beneficiary of an NFT auction.

Thank you @ParallelNFT for dedicating 100% of the proceeds of this upcoming auction to Khan Academy to fund access to education.🙏

Auctions are a tried and true way to raise money for nonprofits, but this is the first time we've been the beneficiary of an NFT auction. Onward!🚀 https://t.co/7izxcCz3gl

— Khan Academy (@khanacademy) January 18, 2022

“This sale helps children in need become a smarter and more empowered group of global leaders. We’re honored to advance that mission,” OpenSea tweeted.

Over the last year, too many institutions have chosen to use NFTs for charitable causes. Macy’s donated a portion of its Thanksgiving-themed NFT sales to the Make-A-Wish Foundation last November. In the same month, Sotheby’s Metaverse organized the largest NFT charity auction with the profits going to Sostento health care workers who fought against the Covid-19 pandemic and the opioid overdose crisis.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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