In an era when contactless communications are encouraged and society is adopting new payment methods, some believe it is essential for forward-thinking organizations and institutions to move with the times. As history has shown, organizations that are quick to learn and embrace new ways of doing things can outpace those that insist on continuing to do things the old way.
Use Web3 to raise awareness of the plight of the hungry.
Princess Charlene of Monaco and her charity The Princess Charlene of Monaco Foundation SA seem to think it is important to keep up with the changing times. The Princess Charlene of Monaco Foundation SA (PCMFSA) is already doing just that. Working with internationally renowned South African artist Junaid Senechal-Senechal, the Foundation recently unveiled its first non-fusible token collection, which went on sale on October 1. 15 pieces of the NFT collectiondepict countless childreneach with a watermarked face of Charlene Princess.
The purpose of the NFT sale is to raise funds to feed hungry children in South Africa. Princess Charlene also told Bitcoin.com News that while her foundation’s efforts may not completely eliminate hunger among the world’s youth, she hopes that NFTs will at least help remind the world that hundreds of millions of people are still going to bed hungry .
In her written response to questions sent by Bitcoin.com News, Princess Charlene explains why the PCMFSA has adopted Web3. Below are Princess Charlene’s full responses to Bitcoin.com News’ questions.
Bitcoin.com News (BCN). Princess Charlene Foundation SA of Monaco has been in existence since 2012 and judging from the projects it has completed in multiple countries, it can be said to be quite successful in what it does. We are told that the foundation, along with Feed2gether, plans to auction non-fusible tokens (NFTs) and use the funds raised to provide food for hungry children. Can you tell our readers why the foundation chose to do this?
Charlene Princess (PC). As a foundation, we always strive to be a part of the initiatives our patrons support, and Web3 allows us to create a valuable asset to collect and link directly to the causes they support and to patrons with similar philanthropic ideals. We believe we are building community while enhancing community.
BCN: Can you briefly describe to our readers the 15 NFT collections and the stories each piece tells?
To begin with, even though Junaid [Senechal-Senekal]’s work is wonderful. What makes this piece special is the commitment Junaid has shown to the cause and the special “easter eggs” he put in while creating the piece. The work is on 15 canvases and although it is part of a single art installation, each section is a valuable piece in its own right. What ties the work together forever is the portrait of Princess Charlene embedded in the background of the installation. This is Junaid’s way of showing the world’s admiration for the inspirational power of Princess Charlene.
BCN: How much does the Foundation hope to raise through the NFT auction and where can people who want to support this cause purchase NFTs?
PC: We are aiming to raise 2.2 million in initial sales, but what the secondary market will look like is a pipe dream; NFTs can be purchased atMomint
BCN: These funds, or food for hungry children Where is the greatest need for food to feed these children?
PC: The number of requests we have received since launching the feed2gether program is incredible. I wish I could indicate one town, district, province, country, or continent, but the saddest part of the answer is that the need is worldwide.
While we can naively hope to raise enough money to solve the problem of youth hunger, we know that realistically we need to optimize the funds raised and use them as effectively as possible. As a South African-based foundation, we will keep our focus on South Africa. In this way, all of us together may be able to feed the world.
BCN: Besides the NFT auction, does the foundation accept cryptocurrency donations directly? If so, what digital assets does the Foundation accept?
PC: We have a great partnership with Blockkoin and through them we are expanding the accessibility of Web3. One of the first projects they are working on is a new donation page that will allow anyone to donate to the foundation in any currency their exchange accepts, crypto and fiat.
BCN: Critics of NFTs often claim that they are being used to perpetrate fraud and other abuses, pointing to regular reports of NFT-related wash trades and so-called ragpring incidents. What do you think needs to be done to dispel this negative image of non-financial tokens?
PC: Like email scams, we believe that scammers will use any new technology to defraud unexpected victims. Unlike other technologies, however, blockchain is much easier to track fraud and wash trades. One of the reasons blockchain is in the news is that it is easy to find, track, and assign value to, making it easy to report.
Also, it is not appropriate to talk about “ragpull” here because PCMF is an established charity and not a new web3 community going nowhere. The point of your question is that what technology needs are reputable offerings like ours that provide real utility and tell users how legitimate projects operate. That way, it is harder for scammers and overnight fraudsters to exploit technology, because they know what legitimate projects are offering.
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