When we say that DoinGud is an ecosystem centered around creating positive social impact, we’re not just paying lip service to that idea. In order to create meaningful social impact, giving back needs to be more than just an afterthought.
That’s why altruism is woven into the very fabric of our platform.
“The opportunity is huge here – applying the DoinGud model, the social impact contributions that could have been generated from the entirety of August’s whopping $5.29bn NFT sales would be in the tune of a minimum of $26 million. We aim to ensure that a much larger % share of sales than this is donated from our platform and we want to lead the industry to do the same. Just imagine what we could achieve if we all came together on this common mission of doing good.”
— Manu Alzuru, Co-Founder of DoinGud
Built-in Donations, Sustainable Development Goals
The DoinGud platform utilizes a built-in donation model whereby a portion of every NFT sale is automatically donated to a vetted social impact organization of the creator’s choice.
Every social impact organization we contribute to is verified (initially by the DoinGud team, and eventually by the DoinGud DAO) to ensure it aligns with the United Nations’ 17 Sustainable Development Goals (SDGs). These 17 SDGs have been distinguished by the UN as a shared global blueprint for peace and prosperity across the planet. They include causes like ending hunger and poverty, supporting gender equality, and providing all people with clean water and energy.
At minimum, 5% of each initial sale and 2.5% of each future sale on DoinGud goes towards making the world a better place. And this setting is fully controlled by creators so they can give as much as they want.
Splitting Revenue with Fully Traceable Transactions
DoinGud offers creators the ability to split revenue and royalties from their NFT sales amongst multiple collaborators and in later phases of project to multiple causes.
This means that when our web app launches, creators can split revenue and royalties amongst multiple creators for a single NFT. And that in the future they will also be able to choose to have a percentage of proceeds from each sale go towards a single charitable organization or spread out across multiple causes.
When an NFT is sold on DoinGud, funds are automatically distributed to every beneficiary in a decentralized trustless way via smart contracts. Every transaction on DoinGud is fully traceable and proveable through both our user interface and immutable on-chain records (via blockchain explorers such as polygonscan.com).
When a collector buys a creation on our platform, they do so with full confidence that everything is being allocated exactly as intended. This crystal clarity also means that creators and collectors on DoinGud can keep an ongoing record of all the altruistic contributions made possible through their creativity.
With the DoinGud model, we plan to set the standard for how community, creativity, and positive social impact can go hand-in-hand.
DoinGud is an NFT ecosystem focused on inspiring creativity and positive social impact. We pride ourselves on accessibility and sustainability, providing next-gen Web3 tools to empower our community to create, curate, collaborate, and connect with one another in the digital space.
Thank you for being part of this amazing journey with us.
Article also published on our medium blog.