In 2021, over $40 billion of NFTs changed hands, marking a 20X increase from 2022, thrusting NFTs into the limelight, demonstrating the use cases of yet another blockchain innovation. NFTs bear similarities with cryptocurrencies in that both deploys from a public chain and their transactions are open and, thus, can be traced.
However, beyond transparency and launching from public chains, NFTs are unique, limited in supply, and in recent times being used as a store-of-value in stormy crypto market conditions. Because they are unique and valuable, projects can use NFTs to raise funds for charities and advance other causes people hold close to their hearts.
The Mosque NFTs on Ethereum
NFT and Blockchain Technologies are Shariah Compliant
The Mosque NFTs project plans to distribute 12,000 unique NFTs of the world's famous mosques to interested users on Ethereum. Proceeds will be used for charity and building a mosque.
Meanwhile, the project creators will use the opportunity to highlight the various injustices people face because of their religion. This way, they would destroy divisive stereotypes and relieve victims' suffering. Crucially, the project demonstrates that emerging technologies like NFTs and cryptocurrencies can be leveraged to support people in need.
Already, blockchain, cryptocurrencies, and NFTs are mostly accepted as Shariah-compliant, mainly if they are applied to directly improve lives and alleviate pain or suffering, like when used in charities. Over 1.8 billion Islamic followers are free to participate in the mint, owning any of the 12,000 unique NFTs, supporting a worthy cause in the process.
Supporting Worthy Causes
Users who want to advance The Mosque NFTs objectives can participate in the upcoming auction on April 1, 2022. The project will mint the first unique and special NFTs, availing them for auction from a floor price of 1 ETH. Pricing was based on the community's feedback and considers what lies ahead—helping people and building mosques.
Fifty percent of NFT sales will be funneled to more than ten charity funds, including Helping the Burmese Delta, the Mohammed bin Rashid Al Maktoum Knowledge Foundation, the One Ummah, and Mila 4 Africa. At the same time, users would be free to choose a foundation or charity that they want to make donations to, perfectly aligning with the overarching objective of The Mosque NFTs creators.
Rewarding The Mosque NFTs Community
NFTs will be minted in twelve phases. At each two rounds of the stage, a user—or participants—who mint the most NFTs stands to win a branded watch from the project's partner, "Jacob & Co"-- a jewelry and watch brand founded in 1986 by Jacob Arabo--a diamond designer. At the same time, a user who mints the Kaaba Mosque—the main sanctuary of Islam—will receive a special secret gift from the team after the NFT auction concludes. And once the collection is minted, raffles will begin, where holders of certain NFTs will receive worthy prizes from the team.
Media Contact
Company Name: The Mosque NFT
Contact Person: Abdurahman
Email:Send Email
City: Dubai
Country: United Arab Emirates
Website: https://themosquenft.com/
