Kids Unlimited received a $15,000 donation for its food programs — from the crypto realm
Kids Unlimited in Medford received an unexpected $15,000 boost Thursday to help with the more than 2,000 meals it provides to local youth on a daily basis.
The donation was unexpected in a handful of ways. A funding infusion for the meal program wasn’t on Executive Director Tom Cole’s radar, to say the least.
Even more surprising, however, is that the donation came via the sale of a form of cryptocurrency known as NFTs — the first donation of its kind for the local nonprofit.
Nonfungible tokens — aka NFTs — are artificially scarce digital objects created by using blockchain technology to mint “unique” versions of digital artwork, sports memorabilia, famous photographs and anything else that can be digitized, according to the Associated Press.
Turning them into NFTs involves placing a declaration of ownership on a blockchain, typically the ethereum blockchain, which creates a permanent record of...
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