How Will CharitiesNFT Work For Canadian First Nations Grassroots Artists? Will NFTs Revolutionize the First Nation Communities?  (Part 6)  

• CharitiesNFT: A kind of digital-twin NFT, promotes NFTizing physical artwork created by grass-root artists, using Hologram and Holo-DKEY for Crypto-Validation. 
• CharitiesDAO: A kind of DANO (Decentralized Autonomous Non-profit Organization) with an ecosystem of charities founders, individual contributors and receivers, project accelerators and incubators. This is building more transparent and efficient decentralized donation chains.
• In a series of articles, I will introduce WHITE PAPER of CharitiesNFT and CharitiesDAO and discuss how they work for Canadian Indigenous Traditional Culture and Grass-root Artists as one of the application scenarios of CharitiesNFT.

What Is CharitiesDAO?

CharitiesDAO is not simply a “DAO.” It is trans-border integration with traditional charities. CharitiesDAO, with its unique CharitiesNFT, is the best solution, which is based on the concept of Share-to-give that charity resources can be shared best and contributed sustainably to maximize the value of charity.

Unlike any other DAOs, most of which aim at gamble-to-riche, adventure-to-fame or speculation-to-fortune, the purpose of CharitiesDAO, with its unique CharitiesNFT, is to empower and fund those building and contributing towards the overthrowing revolution for Traditional Charities. The society of CharitiesDAO is built with the goal of SHARE-TO-GIVE and to make it as difficult as possible to break away from the deadlock of traditional charities.

This opaque, cumbersome, inefficient (even corrupted) system has been besetting conventional charities and criticized the public for many years. CharitiesDAO, a new kind of DAO 2.0 with a distinctive multiple-structure autonomous system, is a kind of DANO (Decentralized Autonomous Non-profit Organization), funding blockchain projects via intelligent contracts (entity), the key for deadlocks besetting the traditional charities.

Let’s Compared to Other DAOS

Curve DAO is a DeFi DAO invest-to-earn. It is the governance token for CURVE Finance which is a decentralized exchange for stable-coins. It uses Automated Market Maker (AMM) for managing liquidity. It is described as “Maker would accumulate CRV tokens from a share of LP incentives earned by vault users, and would seek permission from Curve governance to lock CRV into veCRV to be able to participate in CurveDAO governance”. It focuses on swapping assets that have the same value which can be useful for the DeFi ecosystem. Its direct swap functions enables users to pay significantly lower trading fees. 

PleasrDAO focuses on investing the collection of NFT – “Invest-to-earn”. It is a collective of DeFi leaders, early NFT collectors and digital artists who is a formidable yet benevolent reputation for acquiring culturally significant pieces with a charitable twist. It has “fractionalized” the NFT — hence, the NFT is represented by lots of tokens, which are standard for creating and issuing smart contracts on the blockchain.

YGGDAO focuses on blockchain play-to-earn games. It invests in NFT assets and connects blockchain gamers around the globe . YGGDAO’s goal is to build a network of players and investors who help each other get started and grow in the NFT gaming space. It makes up of multiple SubDAOs — each SubDAO has its own set of rules to manage the activity and assets of the respective play-to-earn game. The YGG system allows players to maximize their in-game profits and enables players to rent and use the community-owned NFT assets to earn in-game rewards. In return, those that lend their NFTs via the DAO can share a portion of the players’ earnings.

InfinityGameNFT is a NFT play-to earn game that runs on blockchains. It is is a multiplayer gaming platform that allows its players to earn money with our $IFPAY rewards token. 

Conclusion: Why CharitiesDAO is Superior?

Overall,  CharitiesDAO, with its unique CharitiesNFT, is the best solution, which is based on the concept of Share-to-give that charity resources can be shared best and contributed sustainably to maximize the value of charity, and Decentralized CharitiesDAO that anyone can monitor, inspect and scrutinize to minimize unnecessary waste and corruption in the whole donation-chain etc.