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
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 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
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
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
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