NFT marketplace DoinGud has revealed its $5 million seed raise that will see their NFT ecosystem create positive social impact.The funds raised by DoinGud will be used to build out cross-chain operability, make their NFTs more accessible, and launch its native token $AMOR.
The NFT ecosystem aims to generate positive impact, supporting independent creators, and provide a long-term digital service benefiting all members of society, and has already secured support from top tier blockchain projects.
Having secured funding from a number of backers, including Polygon Co-founder, and backing from a number of VC’s including Hard Yaka, Kenetic Capital, Alameda Research, IOSG Ventures, and DAO Square.
With every NFT sale benefiting a cause, 5% on primary market sale, and min. 2.5% for secondary market, creators can choose the cause they give to with every creation.
Meta Cartel Ventures China shared their views on DoinGud’s mission:
“We love the mission and vision of the project in building a sophisticated NFT platform that helps collectors and creators to give back in a traceable and transparent way. As a former artist and teacher, I want these communities to become sovereign individuals and value humanity”
Griff Green, Co-founder of Commons Stack and Giveth commented on the project, noting:
“DoinGud is not just a project, it should be a narrative we collectively build to diminish limited and rigid patterns embedded deep within our society. DoinGud is an inspirational crescendo coupling token economy with the contemporary needs of our global citizenship to empower each and every one of us to do good,”
Financial contributors to the project include Sandeep Nailwal, Polygon Co-founder and India Crypto Relief Fund Founder, who notes:
“what makes DoinGud unique is its strong focus on community, the giving economy combined with an excellent product built on Polygon. As India Crypto Relief Fund Founder, I’m committed to make the world a better place, personally and professionally. Blockchain is a natural fit to make traceable and transparent donations. With NFTs going mainstream and the pandemic, I believe this is an opportune time for our industry to help greater causes,”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
