Enjin Launches Japan’s First Charity NFT Project

Japan’s First Charity NFT Project

Gracone Inc., led by the prominent Japanese blockchain entrepreneur Miss Bitcoin, announced Japan’s first charity NFT project in association with Enjin.

The project will launch through the Cryptocurrency donation platform Kizuna. The first campaign will use tokenized art NFT’s created by Japanese celebrities using the Enjin platform and aims to raise over 2,000,000 JPY (US$20,000) for teenagers facing challenges during the COVID-19 pandemic. Gracone will announce the participating celebrities in the coming weeks. 

During 2020 NFT based charity projects gained significant traction and Gracone aims to bring a similar philanthropic movement to Japan. By purchasing Enjin based NFT’s, participants can own forever on the blockchain a piece of art that also helped those in need in the process.

“Art tokenization is another great example of how blockchain can automate the sale and fulfillment of high-value assets. While traditional art can take years to sell, it can be minted, listed, sold, and distributed within minutes via the blockchain,” said Maxim Blagov, Enjin CEO. “Mai is an exceptional creator who is well-respected in the Japanese market. We believe her Kizuna initiative will demonstrate blockchain’s ability to democratize the business side of art, while making a difference in the lives of young people in need.”

Besides, Gracone’s platform aims to educate people about blockchain in general and especially for charity. Unlike the ordinary donation system, blockchain provides transparency, efficiency, and verifiable proof of donation. 

Kizuna team plans to release charity projects about the global pandemic, poverty, and environmental conservation in future charity projects that will also involve Enjin based NFT’s.