🖼 The Human Effect: A NFT project.
Surprise Surprise.
This obviously isn’t the usual format of the newsletter but I had to send out a quick little notice to get as many people as possible to be involved in this charitable project.
So what is ‘The Human Effect’ ?
The Human Effect is a collection of 6 NFT’s (Non-Fungible tokens) that focus on a different social issue. Each NFT is available in 4 different tiers (Common, Uncommon, Rare and Limited Edition)
NFT’s are digital assets that are purchased using the cryptocurrency Ethereum (ETH).
There are a total of 2376 tokens up for grabs in this first edition. 50% of proceeds from each NFT go towards funding a great cause.
Here’s more information about each tier:
Rarity type: Common (Black and White still images) // Price: $10 // Quantity: 250 tokens each.
Rarity type: Uncommon (Coloured still images) // Price: $20 // Quantity: 125 token each.
Rarity type: Rare (Black and White animated visual) // Price: $75 // Quantity: 20 tokens each.
Rarity type: Limited Edition (Coloured animated visual with sound) // Price: $150 // Quantity: 1 token each.
So how this is different from a normal fundraiser you ask?
Well think of NFT’s as an asset that you can either hold onto (if you think they will appreciate in value over time) or just list back onto the market.
The main benefit with owning an asset like an NFT is that you can sell it anytime and not only make your money back but possibly even profit from the art piece which is a game changer in so many levels.
In simple terms, the long history of traditional establishments dominating consumers is slowly coming to an end which is not only allowing both parties to win monetarily but also co-exist peacefully.
The money invested by you will be used to help underprivileged communities in specific areas of the world.
Here are step by step instructions which you’ll need to do in order so that you can buy any of the NFT’s listed on our Rarible page:
Setup a hot (online) wallet (i.e. Metamask ← highly recommended) where you can deposit ‘ETH’ which can either be purchased using your debit card or transferred from another online wallet (i.e. Coinbase)
Link your hot wallet to the Rarible website.
Make sure your wallet has enough ETH to cover the gas fees required to complete the transaction.
To reduce gas fees, time your transactions early in the morning, between 1 and 3 am UTC or late at night, between 9 and 11 pm UTC
Once you’ve completed these three steps then you can buy all the NFT’s you wish! (Always research the creator of the art piece before you dive in and buy something in a hurry)
Ultimately, what makes NFT’s a great asset to own is the artist’s story and vision. Just like buying the stock of any company, you need to know what makes them worth it.
P.S. This isn’t a get rich quick scheme.
It is important to note that it can take months or even years of research to thoroughly understand this crazy yet mind blowing space.
Before you make any sudden moves out of excitement I would urge you to learn as much as you can so that you can make smart decisions that will prevent you from potentially losing any money.
Disclaimer: This is NOT financial advice.
To read more about the art, NFT’s and the world of cryptocurrency visit my website to get an insight on everything you need to know to begin investing!
Follow The Human Effect NFT project on Instagram and Rarible ! :)
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