Fidelity Charitable launches NFT raffle amid crypto downturn

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Fidelity Charitable launches NFT raffle amid crypto downturn
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The nation’s largest grantmaker, Fidelity Charitable, is courting cryptocurrency natives with a raffle of NFTs, despite the torrent of bad news about the digital assets. Fifty participants will win $1,000 to give away.

leaving both American and international users unable to access assets they held on the exchange.

“That’s a huge market that still doesn’t,” he said. He also has observed that many giving large donations in cryptocurrency are the same types of people who give large donations in general, and not necessarily the younger demographics that are more likely to invest in cryptocurrency.“Many of the largest gifts we’ve processed have been from an older demographic who have a tradition of giving large gifts in multiple asset classes,” he said.

He encouraged newcomers to the cryptocurrency space to carefully research projects they might get involved with and to look for ones that have gotten outside audits from professional auditors.Pirozzolo argued that the Fidelity Charitable promotion using NFTs is separate from the cryptocurrency ecosystem.

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