Thousands flocked to New York City’s Times Square last week for the largest NFT conference to date, called NFT.NYC. Times Square billboards were taken over by NFT companies, artists and projects. Among these advertisements were Ragdollz, Snoop Dogg’s NFT alias Cozomo de’ Medici, Cool Cats, RTFKT Studios, Virtueclan and many more.
The Crypto Art Fair / NFT.Magazine billboard was a stand-out during the event, featuring a smaller project with a bright future called Ragdollz. These NFT characters looked amazing on the big screen. The project aims to spread positivity in the world with community-backed incentives. They have pledged to donate $100,000 to charities voted on by their community of Ragdollz owners. In addition, they are creating unique Ragdollz to represent charitable causes and auctioning off these 1/1 Ragdollz to donate 100% of the proceeds to related organizations.
Most NFT projects are not just images on the internet. Projects like Ragdollz hold certain utility that have physical world application. There are communities of people forming around these projects with like-minded goals and interests. Owning the NFT acts as a membership to the community and gives the holder access to any given utility the project offers.
NFT stands for Non-Fungible Token, which is based on the blockchain and represents ownership of an asset. There is more emerging news about crypto and NFTs everyday with an inevitable future “metaverse”. As we head towards a digital future, it will be initiatives like Ragdollz that stand out and bring true value to the physical world.