The mosque’s NFT project to hit 12,000 mosques on Ethereum to support more than 10 charities


Increasingly, charities worldwide are accepting crypto donations and are even experimenting with equally exciting possibilities in NFTs to further their new goals. Cryptocurrencies and NFTs are a global phenomenon launched from public chains such as Ethereum and the BNB Chain, facilitating the free flow of money and enabling real ownership of digital assets with on-chain provenance.

The Mosque NFT Project on Ethereum

The Mosque NFT project is a unique charity project on Ethereum, the world’s most active blockchain network and home to NFTs. The project plans to create a collection of 12,000 unique hand-drawn NFTs of the largest mosques in the world.

Each mosque NFT will be unique and valued differently depending on how revered each site is in the real world. Specifically, there will be 65 types of mosques, separated according to territories. The fewer mosques from a particular region, the more valuable there are on the open market.

The Kaaba Mosque NFT is the most valuable piece in the collection. The project has stated that the lucky user who coins the NFT will receive an offer of $500k at the end of the auction. Also, the user(s) who hit the most NFTs in each of the six stages will be awarded a branded watch from The Mosque NFT’s exclusive partner, “Jacob & Co”.

The Rise of NFTs

Since the activation of the first NFT projects such as CryptoKitties on Ethereum, blockchain-based technologies continue to find impressive applications.

In addition to guaranteeing true ownership of owners with solid evidence on the transparent blockchain, NFTs – more like cryptocurrencies – are used to spread awareness and send messages on specific topics around the world.

Due to their digital existence and borderless nature, charities are gradually turning to blockchain-based innovations as a choice medium to receive donations, allowing users to support causes close to their hearts.

$12.3 million NFTs donated in 2021

According to an annual report by The Giving Block, total annual crypto donations increased more than 15X in 2021 compared to 2020. On average, the average crypto donation was found to be $10,455, as opposed to cash donations of $128.

Researchers further suggested that NFTs would be an important development in the donation landscape, projected based on the number of participants contributing using rare and valuable NFTs and supporting some of the world’s most popular NFT projects such as the Bored Ape Yacht. Club (BAYC).

According to the report’s findings, individuals and projects donated just over $12 million to NFTs in 2021 alone.

The mosque’s NFT project to support more than 10 charities

In a similar vein, The Mosque’s NFT project plans to use the funding from the sale of the 12,000 NFTs to power their charitable program and build mosques.

At the same time, their aim will be to highlight the injustices people face because of their religion and how to break such stereotypes. Moreover, their use of NFTs and Ethereum is proof enough that emerging technologies are widely acceptable in Islam, with more than 1.8 billion followers worldwide.

The first NFTs will be minted from March 29, 2022, with a floor price of 1 ETH. The bottom price was at this price in light of the project’s objective of raising funds specifically to promote their charities and build mosques.

About 50 percent of the proceeds from the sale will be used to help people and will be donated to more than ten charities, including One Nation UK, Save the Children, Give Directly, Mohammed bin Rashid Al Maktoum Knowledge Foundation and more. In addition, part of the money raised will be used to realize the first NFT mosque in the metaverse, which the community has decided.

Leave a Reply

Your email address will not be published. Required fields are marked *