The P.A.S.C.A.L. Foundation to Drop NFT Related Projects for Charity
Popular nonprofit, The P.A.S.C.A.L. Foundation, becomes the first charity foundation to enter the NFT ecosystem in a grand way AMSTERDAM, April 6, 2021 /PRNewswire/ — The P.A.S.C.A.L. Foundation is collaborating with its international partners to drop several exclusive NFTs, IP, formats and NFT related projects for charity throughout 2021. In a related development, the foundation will drop P.A.S.C.A.L., the first of many NFTs. The debut project stands for “Play a Song Change a Life,” and will include a 10-song collaboration album between 10 international DJs, producers and recording artists and 10 digital artists. Distraction by Beeple Non-fungible tokens, otherwise known as NFTs, transforms digital works of art and other collectibles into one-of-a-kind, verifiable assets that can be easily traded on the blockchain. Christie’s auction house recently sold the first-ever NFT artwork — a collage of images by digital artist Beeple, for a whopping $69.3 million. The concept has also found its way into the media and entertainment world, with influencer Paul Logan, rapper Tory Lanes, artist Grimes and DJ Don Diablo also racking in hundreds of thousands to millions of dollars for their NFT drops. However, the P.A.S.C.A.L. Foundation is taking it a notch higher with the launch of the first of many NFT drops to help creative orphans and the needy in different parts of the world.