Trippy Bunny NFT, a new nonfungible token (NFT) project built on Solana, has announced that it is donating all of its mint sale proceeds to the American Foundation for Suicide Prevention.
It has been reported that a global awareness event was observed globally on September 10. The annual awareness day was first organized in 2003 by the International Association for Suicide Prevention. It has the support of the World Health Organization and the World Federation for Mental Health.
However, according to United for Global Mental Health, an international foundation promoting mental health, it’s estimated that 700,000 people die by suicide every year. In 2019, it was estimated that more than one in every 100 deaths globally was caused by suicide.
The report said that Trippy Bunny’s mint proceeds were collected through Gemini dollars (GUSD) and totaled $220,886. The entire amount will go towards the American Foundation for Suicide Prevention. The project published the transaction hash identification, which appeared on Etherscan.
Likewise, Trippy Bunny minted 1,111 NFTs on September 10 and each collectible was valued at 1.11 SOL. As of September 11, SOL was valued at just under $189. The GUSD token transfer was facilitated by The Giving Block, a cryptocurrency donations platform that has launched several initiatives to increase charitable contributions from the blockchain industry.
The company’s latest initiative, dubbed Crypto Giving Pledge, saw contributions from leading industry veterans including Ryan Selkis, Dan Matuszewski, Qiao Wang, and Haseeb Qureshi.
Alex Wilson, the co-founder of The Giving Block, said:
"We’re excited to continue to see such generosity from NFT creators and the broader crypto community. The NFT community has raised millions for many important causes and it’s great to see Trippy Bunny choose the American Foundation for Suicide Prevention. We hope this donation inspires more donations like it."
Moreover, the cryptocurrency industry has demonstrated its generosity by contributing millions of dollars to charitable organizations. In May of this year, crypto projects Munch and Elongate collectively raised over $3 million for various nonprofit organizations.
Thus, several leading nonprofits have also begun accepting contributions in cryptocurrency, including the American Cancer Society, which in January announced that it had established a $1 million Cancer Crypto Fund to increase its capacity to accept donations.
Source: Cointelegraph