UAE: Emirati artist aims to raise funds for medical research with his NFT collection – News

All proceeds from this initiative will go to support the Al Jalila Foundation’s healthcare programs

Members of the Al Jalila Foundation and Mohammed Bin Rashid Al Maktoum Global Initiatives announced Monday that it has launched the first-ever series of non-fungible tokens (NFTs) at a charity in the United Arab Emirates.

Titled ‘Fingerprints of Humanity’, the series is the brainchild of visionary Emirati artist Maison Al Saleh to raise awareness and funds for those affected by life-threatening diseases in the UAE.

Dr Amer Al Zarooni, CEO of Al Jalila Foundation, said: “Our first NFT series ‘A Fingerprint of Humanity’ encourages our giving community to have a positive impact on patients. This initiative is part of our ongoing efforts to foster innovation in fundraising channels , and make it easier for donors around the world to support our healthcare programs.”

The collection consists of five unique NFTs, each NFT depicted as a letter containing the most precious content: “HOPE”. Each letter represents a specific cause, such as cancer, diabetes, cardiovascular disease, mental health and obesity. Drawing inspiration from Al Jalila Foundation’s groundbreaking donor recognition wall ‘Bassmat Rashid Bin Saeed’, Maison has incorporated fingerprints on each wax seal that adorns the letters. Fingerprints symbolize each individual’s lasting influence on society.

Each NFT in the collection is color-coded to denote a specific cause, and 930 of the sales proceeds from each NFT will go to support the Al Jalila Foundation. By owning one of these exclusive NFTs, collectors can build a legacy and make a positive contribution to society, one NFT at a time.

Maison Al Saleh, the artist behind the charity NFT, said: “I urge artists to use their creativity to support charities. My work with the Al Jalila Foundation dates back to 2014, when I curated an art exhibition that led to this.” A series of NFT creations.”

The NFT collection was unveiled at Arts DAO Fest, a groundbreaking cultural festival celebrating digital art and internet culture, bringing together global industry experts and leaders. The festival is organized by Dubai-based Arts DAO, which represents the widest web3 community in the Middle East.

Anas Bhurtun, co-founder and CEO of Arts DAO, expressed his excitement: “When we learned that the Al Jalila Foundation would be the first charity to issue an NFT to raise funds for patient treatments and medical research, we knew we had to introduce them to the web3 community we built in the Middle East.”

The NFT collection is currently for sale on Ethereum’s OpenSea and the ftNFT Marketplace in UAE dirhams.

NFTs are digital assets that represent proof of ownership or authenticity of unique items or content such as art, music, videos, or even tweets. They are based on blockchain technology and can be bought and sold like traditional assets, but they are different and cannot be exchanged for each other, hence the name “irreplaceable”.

NFTs have grown in popularity in recent years as a way for artists and creators to monetize their digital creations, and for collectors to own unique digital assets.