Anyone who holds a copy of the NFT will see it change as the Bitcoin donations come in.
A former baseball player has created a non-fungible token, time-sensitive artwork piece that allows crypto holders to donate Bitcoin to enable two African American boys to fulfill their dreams.
According to a representative for the artist, former Tampa Bay Rays player Micah Johnson, marketplace Async Art will be making NFT artwork available starting on Oct. 29.
The NFT is programmed to show the effects that Bitcoin donations will have on the two children, represented by a door opening wider with each passing year.
Each year on the boys' respective birthdays, a BTC QR code will appear directing all NFT holders to make a "Bitcoin birthday contribution" to help them achieve what they want to be when they grow up.
Anyone who purchases a copy of the NFT will be able to alter the digital art in real time for all holders, as each donation causes the door to open slightly wider.
Their images will disappear from the NFT at that time as well, representing their dreams fulfilled.
"[Micah] Johnson is illuminating new and innovative means to combine art and blockchain technology to showcase how Bitcoin has the ability to provide a liberating alternative financial system to the black community, which have notoriously been victims of a racist and oppressive banking system.
Many in the African American community have invoked Bitcoin amid protests surrounding police shootings.
Isaiah Jackson, author of the book Bitcoin and Black America, stated he believes black people in the United States have largely not utilized cryptocurrency to try and achieve financial autonomy.
Awesome interactive NFT artwork shows effects of sponsoring kids
Published on Oct 28, 2020
by Cointele | Published on Coinage
Coinage
Recent News
View All
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.