For the sake of transparency and sustainability, DoinGud will allocate at least 5% of each sale to social impact organizations.
The recent craze for non-fungible tokens (NFTs) has given rise to many new NFT products and platforms, as well as some reviews. Today a brand new NFT platform was announced – but this one is different.
In one Press release released last night, DoinGud unveiled its plans for a blockchain-based, community-led art market. As the name suggests, the platform aims to do good while supporting creators in the NFT market.
At least 5% of each sale on the platform will be allocated to a social impact organization, chosen by the creator. Using a public blockchain ledger means that all of these payments are stored transparently within the altruistic ecosystem.
Additionally, DoinGud also addresses the concerns of many within and outside the community regarding the carbon footprint of NFTs. The team behind the new platform is committed to using a proof of stake architecture in order to reduce the ecological impact of NFTs, while considerably reducing the associated costs.
To achieve this, DoinGud will rely on a blockchain infrastructure powered by Polygon (formerly Matic Network). The project has also received support from big names in the blockchain industry, such as Alameda, Super.nova, Kenetic Capital, MetaCartel Ventures China and Genblock.
To meet the needs of its community, DoinGud is designed to be a social media platform as well as a marketplace. The automated collaboration system makes it easy for creators to work together, with sales proceeds distributed with confidence.
The platform will also include a multi-gallery curation system that will help creators grow their brand by allowing them to host their own communities. In addition, DoinGud will unlock additional creative potential and future utility through innovations such as intelligent NFTs facilitated by AI.
Buyers can use cryptocurrencies or a credit card to purchase limited edition NFTs from the marketplace, making the platform more accessible. DoinGud’s intention is to become a social marketplace that is owned and managed by its community.
Some artists have already signed as partners of the platform and will be revealed shortly during a presentation. More details have yet to be announced, but DoinGud is planning a launch this summer.