Breaking News
Investing Pro 0
Extended Sale! Save on premium data with Claim 60% OFF

The Mosque NFTs to Mint on Ethereum, Buyers Can Win a "Jacob & Co" Branded Watches

Published Mar 30, 2022 08:03AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
The Mosque NFTs to Mint on Ethereum, Buyers Can Win a "Jacob & Co" Branded Watches
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio

Non-Fungible Tokens (NFTs) took off in 2018 with CryptoKitties. However, most don't know that the NFTs appeared in 2014 before Ethereum changed the blockchain landscape with smart contracts. NFTs are unique creations allowing users to own digital assets with on-chain provenance. By tokenizing an art piece, for instance, and minting on the blockchain, the artist bypasses the limiting terms and conditions set by the auction house, directly connecting with global clients.

NFTs: Bridging the Digital with the Physical
The primary reason why NFTs are being embraced is the win-win situation it creates for leveraging parties. For what NFTs present, the sphere is rapidly growing and already commands billions.

By the end of the year--and with the integration of NFTs in various processes, even in the real world, like gaming, art, and donations--, the industry is projected to be worth billions more.

Introducing The Mosque NFTs
The creators of The Mosque NFTs are aware of the powers of this new revolutionary technology. They plan to release minting for 12,000 mosque NFTs on the Ethereum blockchain. Their choice of Ethereum is by design.

The pioneer smart contracting platform is the home of DeFi and NFTs and has seen billions of assets securely deployed on the network by thousands of projects and users. At the same time, Ethereum boasts of a well-developed infrastructure and ecosystem comprising wallets, protocols, and active developers. This support system makes it easy for active users to acquire assets without necessarily bridging or going an extra step like they would if The Mosque NFTs were minted in another network.

Supporting Charities and Building a Mosque
The project has said that proceeds from the sale of the 12,000 mosque NFTs will be funneled to charity funds and building a mosque—physically and in the metaverse.

Concurrently, as the first minting and auction begin on April 1, 2022, the team will use the opportunity to highlight the various injustices and unfairness faced by people in different parts of the world due to their religion.

At the end of the sales, the overarching goal will be to break stereotypes and, most importantly, relieve—or even alleviate—the sufferings faced by them. Their mission will further, in the first hand, demonstrate that technology can come in handy to promote causes beneficial to humanity.

NFTs will be Shariah-Compliant
For what blockchain and NFTs represent and their utility, some of its applications are categorized as Shariah-compliant. In The Mosque NFTs case, item auctions will be used to support charities and build mosques.

Evidently, their objective is not to make profits. Instead, it is to make lives better, meaning holders will be holding a Shariah-compliant asset and can be traded by any of the 1.8 billion Muslims in the world.

Floor Price set at 1 ETH
The Mosque NFTs will be minted in twelve phases, and the floor price set at 1 ETH. This was decided by the community to reflect the goal the team wanted to achieve over the coming months; activities that would demand capital to succeed.

Specifically, 50 percent of revenue from the sales will be channeled to over ten charity foundations, including the Helping the Burmese Delta, the One Ummah, and Mila 4 Africa. Furthermore, the project has indicated that users would also be free to choose a foundation or charity they prefer making their donations. This flexibility and consideration of the community's needs align with the general objective.

Buyers can Win a Branded Jacob & Co Watch
To encourage participation, MetaMask—a non-custodial Ethereum wallet—is supported. Also, at each stage, an active user who mints the most NFTs stands to receive a branded watch by "Jacob & Co"—the exclusive partner of the project. Additionally, a user who mints the Kaaba Mosque—which has a capacity of four million worshippers—will receive a special secret gift from the team once the auction concludes. And once the collection is minted, raffles will begin, where holders of certain NFTs will receive worthy prizes from the team.

Continue reading on BTC Peers

The Mosque NFTs to Mint on Ethereum, Buyers Can Win a "Jacob & Co" Branded Watches

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your profile, will be public on and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email