Impact NFTs are designed to fund positive social, cultural, sustainable development or environmental impact. They act as digital assets for recording and enumerating impact actions in the physical world.

 

A proof of stake or negligible carbon minting process, ensures that a token is environmentally considerate and may even be climate positive. An Impact NFT is also different to a regular NFT in that it is designed with the intention to fund positive social or environmental impact, acting as a digital asset for impact investing. The NFT can act as a verifiable certificate on the blockchain, confirming the funding is provided to a social or environmental cause, and which can then be reported on to relevant stakeholders and concerned parties.

 

Impact NFTs are innovative as they can convert traditional spend on assets and collectibles into a format that funds social and environmental causes, thereby funding important causes through the purchase of the avatar, art, collectible or campaign image.