RareCircles and The Giving Block Partner - The Giving Block

RareCircles and The Giving Block Partner to Enable Nonprofits to Directly Sell NFTs for the First Time

by

For the first time, nonprofit organizations will be able to create and sell their own non-fungible token (NFT) collections, thanks to a partnership between RareCircles and The Giving Block. Our nonprofit partners frequently ask how they can launch their own NFT collections. Until now there hasn’t been a great option. We’re thrilled to launch this partnership with RareCircles that will offer a simple, no-code, cost-effective solution for nonprofits to further tap into the fundraising power of NFTs.

Why This Partnership is So Exciting

In 2021, donations via crypto reached $300 million. However, nonprofits had a limited ability to fundraise via NFTs due to their charitable organization status, which limited them to passively receiving donations from NFT creators or fundraising via charity auctions of works created by others. As a result, most nonprofit NFT projects have donated via third party collaborations.

With this partnership, RareCircles —which provides comprehensive NFT minting, checkout, and post-purchase solutions— and our team at The Giving Block, will provide a quick, turn-key platform for charities to launch their own NFT projects. NFTs provide a significant untapped fundraising and engagement channel for nonprofits, and this partnership allows organizations to take advantage of it.

What This Partnership with RareCircles Means for Nonprofits and Donors

As part of RareCircles’ work with The Giving Block, non-crypto native donors will be able to easily purchase NFTs in fiat currency or crypto without signing up for a wallet. That will create an easy process for even those new to NFTs to purchase them.

The Giving Block will also facilitate charitable giving for RareCircles’ corporate clients. These clients can opt to donate NFT launch proceeds to charity either via direct contributions or donations to nonprofit index funds, such as an arts and culture index fund.

“RareCircles works with the world’s top brands to engage customers via NFTs and grow revenues,” says Ethan Song, CEO of RareCircles. “We’re delighted to provide the same opportunity to nonprofits, offering them simple and innovative new channels to reach donors. We couldn’t think of a better partner for this initiative than The Giving Block.”

To learn more about the impact of the NFT community’s generosity, download our free report, The Rise of NFT Fundraising.

About RareCircles

The world’s leading organizations trust RareCircles to launch and manage NFT projects. Through comprehensive minting, checkout, and post purchase tools, RareCircles’ solutions deepen customer engagement and generate new revenue streams. Backed by top investors like Tiger Global and White Star Capital, RareCircles bridges the gap between Web2 and Web3 by powering rich consumer experiences for both crypto native consumers and those new to Web3.

| Reading Time:
JOIN OUR NEWSLETTER

Related Articles

Lascauxart’s 16 ETH Donation to Free Arts NYC Showcases NFT Support for Arts & Culture Nonprofits A generous donation by NFT creator Lascauxart on the eve of Crypto Giving Tuesday showcases NFT support for arts and culture nonprofits.
How to Make a Large Non-Cash Donation to Charity Want to make a major non-cash donation to your favorite charity? Donate your major gift through The Giving Block’s Private Client Services.

Featured Articles

JOIN OUR NEWSLETTER

Related articles

Donation Donation Form | The Giving Block Turkey and Syria Earthquake Response: A List of Nonprofits Helping in the Aftermath of the Turkey and Syria Earthquakes Posted in: Cause Awareness, Donors You can support charities helping in the aftermath of two powerful earthquakes that hit Syria and Turkey, devastating the countries. Read more
Donation Donation Form | The Giving Block How To Donate Property to a Nonprofit and Save on Your Taxes Posted in: Donors If you donate property like stocks, crypto and real estate to charity, you may be able to enjoy significant tax savings that donating cash can’t offer. Read more
Donation Donation Form | The Giving Block The 10 Best-Performing Stocks: November 2022 Posted in: Donors, Stocks Whether you’re looking to buy now, cash out, or donate stock to charity, these are the best-performing large- and mid-cap stocks. Read more