Metagood Uses NFTs for Social Good

And it serves a social goal, Yang said. The monkey-themed NFTs were meant for charity, and minting them all in a single blockchain transaction helped to reduce fees. That means other charities looking to dip into crypto would have a more cost-effective way to do so.“We actually have technologies that can solve problems,” Yang told CoinDesk in an interview. “We really [can] align people.”

“The big vision and goal is to really make an impact and solve some of these exponential problems that we're facing,” he said, mentioning climate change and COVID-19 in particular. “These are problems that start small but quickly consume the whole world.” He said OnChainMonkey was one of the “most profitable” NFT collections based on the percentage of its profitable trades. The startup has contributed a portion of its revenue to a number of charities through its Metagood Giving Fund.It has donated to UNICEF and other United Nations causes, provided humanitarian aid to Ukraine and helped finance theMetagood, which is now a one-year-old company with 15 employees, may have a real claim at defining what “community” means.

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