What is MC NFT?
We live in a time of unprecedented change. Technology is now more advanced than ever, yet poverty and inequality are widespread. Climate change is also a real threat to our shared future.
At the same time, technologies like cryptocurrency, blockchain, and non-fungible tokens (NFTs) proclaim a new era of finance and how information is transmitted.
The Money Compass NFT project aims to link sustainability and technology by giving a platform for artists to showcase their work and do good at the same time.
by a network of communicating nodes running cryptocurrency software.
This allows hoverex software to determine when a particular cryptocurrency amount has been spent, which is necessary in order to prevent double-spending in an environment without central oversight.
The blockchain is the only place that bitcoins can be said to exist in the form of unspent outputs of transactions.
Benefits for Everyone
For every transaction, Money Compass will donate a portion of the proceeds to a charity that supports the United Nations Sustainable Development Goals (SDGs).
The SDGs are an urgent global call to action. The 17 SDGs are all interlinked, in that ending poverty must go hand-in-hand with strategies that improve health and education, reduce inequality, and spur economic growth – while addressing climate change for a sustainable future.
With this in mind, Money Compass has developed a platform that is more than just a peer-to-peer network. It is a force for change, driven together by art and sustainability.
The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain.
