The Metaverse and Non-Fungible Tokens are without a doubt the most fiercely discussed topics in today's digital virtual community. The metaverse will certainly transform every industry in the next ten years, creating a market opportunity with potential annual revenue of more than $1 trillion. Many people have legitimate questions about what charities should do in advance now that this online revolution appears to be on the horizon. When Facebook was launched, if grantmakers and powerful benefactors had acted quickly to step in, perhaps they could have helped push the site in a more uplifting, charitable path around the globe. In response to several important worldwide changes in recent years, organizations have changed their donation strategy. Many others have also recognized the necessity of utilizing new technologies to engage younger supporters. These factors have contributed to the growing trend of charitable organizations using Metaverse and NFTs as a tool for fundraising. Charity activities are a genuine possibility in the metaverse, and they will play a key role in establishing the metaverse's future by bringing together professionals to create sound practices, educating grantees and funders, and fighting for regulatory rules. Most people agree that the key to charities' success in this new field will be the creation of strong alliances between charitable organizations and virtual initiatives such as NFTs and Metaverse. We have given little thought to the role of charities in the Metaverse and NFTs, but right now, the Metaverse is expanding and charities can help hold the brands responsible for its creation accountable. Well, a company in India is leveraging the advantages of these advanced techs and trying to reshape the charity system. I am talking about , one of the biggest metaverse companies from India that are putting innovative structures in place to change the face of the charity system. The makers of Indie's are exploring how philanthropic principles are being reimagined in the Metaverse and how one can take part. Indie's Club In this article, We will discuss how the metaverse and NFTs can support charities and how Indie's creators are helping to revolutionize the charity system. Table of Contents How can charitable groups leverage the Metaverse? What different ways does Metaverse offer charities to interact with potential donors? Why are NFTs important to charitable organizations? What is Indie's ? How are Indie's creators altering the charity sector? How can charitable groups leverage the Metaverse? The most experimental sectors right now are the Metaverse spaces, which are fostering innovation to help underprivileged populations. Metaverse projects can raise awareness and contribute to humanitarian causes in real-time. Here are a few ways in which charities can leverage the metaverse : Charities can set up their own virtual office Charitable organizations can set up a virtual office because it is the most affordable way to receive an accredited business address without having to pay the high rent, bills, and upkeep costs of a physical office. Meeting rooms, receptionists, expert call answering, mail management, and workstations are all simply accessible and come at a minimum extra cost Unbanked people can benefit by creating their wallet People without bank accounts won't be deprived of the opportunity to receive donations; instead, they can create a virtual wallet. To purchase anything in the Metaverse using virtual currencies, such as apparel and accessories or event tickets, you will need a virtual wallet. Although it may seem complicated, setting it up won't cost you anything. Market your cause by using metaverse Charitable organizations can market their causes by using metaverse advertising rather than more conventional strategies. Make new fundraising possibilities Traditional events can be staged in these virtual worlds for massive crowds to witness at the same time. In such a case, the ability to raise funds is enormous. So, these are a few of the main examples of how charities can leverage the metaverse. Moving on, let's examine what different ways does Metaverse offer charities to interact with potential donors? What different ways does Metaverse offer charities to interact with potential donors? The Metaverse provides charities with a range of opportunities to interact with potential contributors and raise awareness of their missions. Here are a few things to consider when strategizing. Interact with younger supporters Millennials and Gen Z don't just want to be passive consumers; they also want to connect and participate in real, spontaneous activities. Charitable organizations can interact with younger supporters by using virtual reality to socialize (with avatars) as if they were meeting in person. Organizations can compel Gen Z to support their cause by developing virtual worlds where their supporters can participate in causes they care about. Inculcate Empathetic views by using Augmented & Virtual Reality Charitable organizations frequently take on complex issues with difficult-to-communicate concepts, and sometimes static, 2D graphics and films do not convey the issue. Organizations can provide supporters with a more immersive, interactive, and personal experience by developing a 3D virtual reality experience, which will increase their empathy for a cause. By using AR capabilities, charities may give volunteers and supporters access to immersive, engaging experiences that, in the past, could only happen in person. These are some of the ways the metaverse might offer charities a variety of chances to engage with potential donations. Besides this, the metaverse has several advantages for charitable organizations. Here are some of them: There is no middleman to take cut-off donations Transparency to inform donors of the usage of their funds Why are NFTs important to charitable organizations? The market for NFTs has expanded dramatically because of their general popularity. In 2021, sales surpassed US$17.6 billion, an increase of over 22,000% from the year before. The increased profit margins from the sale of NFTs have enabled artists and collectors to use their wealth to create a positive social impact, frequently as monetary contributions to charitable organizations. For a variety of reasons, NFT donors are typically regarded as being very philanthropic when compared to those who give cash. What motivates these donors? According to the study, these key elements motivate these givers : Good deeds are a top priority These users, including those who belong to the NFT community, are primarily Millennials (aged 26 to 42) and Gen Z (10 to 25-year-olds). The decisions these generations make, from the products they choose to buy to their job paths, reflect the fact that many of them regard social impact as a part of their responsibilities. Making their supporters stronger Some NFT projects will vote for their followers and supporters to decide which charity organization(s) to fund, giving customers the option to donate cryptocurrency in NFT markets. Widespread adoption of NFTs Simply said, charity donations are one of the best ways for the NFT community to show their influence on the world. What is Indie's ? Now let us go deeper to know about Indie’s, what is Indie’s, and how it is revolutionizing the face of the charity system. Indie's is an NFT collection of 11,111 avatars, each of which is a one-of-a-kind metaverse digital collectible. Indie's was founded to redefine luxury, charity, and investment for the decentralized world using non-fungible tokens. They did this to satisfy the rising demand for online games, virtual reality experiences, and digital art. A virtual currency and decentralised charity platform, IndiCoin was created by Indie’s is being used globally since 2016 to map social services across the globe, by imprinting the proof of work (PoW) of donations and charitable organizations on blockchain. Indie's has positioned itself as a brand with a different mission to instill karma and good deeds onchain. How are Indie's creators altering the charity sector? There has been a long history of philanthropic work in the world, especially in countries like India, where there is a belief in giving to others. While there are notable examples of institution-building support, particularly in the early years of independent India, traditional Indian philanthropy has largely focused on supporting and enabling the delivery of essential services and creating livelihood opportunities for the poor, particularly in the areas of health and education. The goal of Indie's is to reinvent the charity system by doing the same thing, but with a radically new approach that allows one to make money while performing good deeds. In Indie's virtual ecosystem, they have three assets(virtual currency, virtual lands, and NFT avatars) where Indie's NFT avatars are interplanetary species of 4 types.: The God INDI The King INDI The White INDI The Blue INDI Every "proposal" that is made should work to employ, involve, and help the Blue Indie holder. King Indie invests in or gives money to the white Indi, and God Indie verifies the proposals. Every action is noted on the leaderboard known as the Eternal Karma Wall, which is created on an ethereal blockchain. Kings will compete on the karma wall based on single-parameter i.e. good deeds. The more good deeds one does the better the rank of a king will be on the karma wall. The winner of the karma wall wins an annual raffle of 100eth. Indie’s permit only white Indie to fundraise for charitable endeavors like building a hospital or school. The idea behind the Indie's Guild is to create a closed community of spiritual truth seekers. The guild's members would be incentivized and supported to do positive and constructive tasks in a transparent and trustful manner. Indie's also intends to address flaws in existing charity processes by modernizing, streamlining, and simplifying the social sector's traditional siloed design with layers of technology, art, and P2E elements for the first-ever social raffle, in which Indie's can not only play but also earn through any or all good-deeds from anywhere in the world. Conclusion The Metaverse is about much more than just buying, selling, and making a ton of money. It's also because groups like Indie's and other such communities can aid in eradicating poverty, delivering high-quality education, and empowering women. This is a great way to engage a brand-new audience and connect with young people. To sum up, the metaverse and NFTs offer a variety of possibilities. Although it may initially appear intimidating, charitable organizations may already use some of these technologies. The organization is moving toward employing these technologies if it accepts virtual currencies or if sophisticated security procedures protect its donor database. The technology that NFT and the Metaverse are based on can create a 3D avatar or a Snapchat lens by using AR that promotes the mission. Be sure to keep up with these latest technologies so you don't fall behind and harm the success of your charitable organization. Also published . here
