Nature Seychelles is a non-governmental organization (NGO) based out in Seychelles. The environment-based NGO has recently come out to say that it has already sold out 70% of its Nature Collectibles non-fungible tokens (NFTs) in just about three weeks after launch.
Using NFTs to Fund Conservation Efforts
So far, a total of $7,000 in revenue has been realized from the token already sold. However, a lot more funds will be realized immediately after the larger-denomination NTF tokens are sold. Nature Seychelles also confirms that funds realized will be channeled towards bolstering efforts to save the endangered regional magpie-robins.
Wikipedia claims that the Seychelles magpie-robins are medium-sized birds that are usually found in Seychelles’ Cousin Island Special Reserve.
The Nature Collectibles NFTs— which are a digital likeness of 59 endangered songbirds — was launched not so long ago by Nature Seychelles after partnering with the International Union for Conservation of Nature (IUCN) and the Swiss-based NGO Porini Foundation. According to the NGO, the NFTs depict a new style of fundraising that is looking to support ongoing efforts to protect a songbird species that was so close to going into extinction back in 1970.
NFT Sales Attracts Worldwide Interest
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In a blog post by the NGO, Nature Seychelles has given a breakdown of the denominations of the NFTs that are already sold out and those that are still being sold. The blog post wrote:
“According to an analysis from Porini Foundation, the smaller denomination NFTs costing USD10, USD50 and USD100 sold out soon after the launch and were trailed in the following weeks by 6 of USD200 and 4 of the USD1000. The big-ticket collectable that is worth USD10,000 is still up for grabs as are most of the USD500.”
Nature Seychelles has confirmed in a blog post that the collectibles launch has now gained the attention of the mainstream media. The sales of the tokens might have also generated interest on social media, with some users already seen posting pictures of their purchase in support of the collectible.