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Kids Unlimited received a $ 15,000 donation to its crypto food programs

An image from Supermegastudios’ Facebook page shows NFT used to fund a $ 15,000 donation to Kids Unlimited. [Courtesy image]

An image from the Facebook page of Super Mega Studios shows NFT used to fund a $ 15,000 donation to Kids Unlimited. [Courtesy image]

Kids Unlimited in Medford received an unexpected $ 15,000 boost on Thursday to help with more than 2,000 meals it provides to local youth on a daily basis.

The donation was unexpected in several ways. The influx of funding for the nutrition program was not on the radar of CEO Tom Cole, to say the least.

Even more surprising, however, is that the donation came through the sale of a form of cryptocurrency known as NFT – the first donation of its kind to a local non-profit organization.

Indispensable tokens – also known as NFT – are artificially scarce digital objects created using blockchain technology to dig into “unique” versions of digital artwork, sports souvenirs, famous photographs and anything else that can be digitized, according to the Associated press

Converting them to NFT involves placing a declaration of ownership on a blockchain, usually an ethereum blockchain, which creates a permanent record of “ownership”.

The $ 15,000 delivered by check to Kids Unlimited on Thursday came from the sale of NFT by Super Mega Studios, which recently auctioned collector’s GalaKnights as part of an exclusive launch.

“Kids Unlimited is the first beneficiary of our NFT launch and we believe it represents the future of social philanthropy,” said Josh Pierce, founder of Super Mega Studios, who helped deliver the Kids Unlimited check on Thursday. “This is the perfect match between progressive programming and progressive goal.”

Cole said the origins of the donation, which comes from NFT to support charitable endeavors, are very appropriate for an organization committed to educating and enriching the lives of local youth.

“We have never received a gift from the world of cryptocurrencies and it is inspiring to imagine the future of funding in this area,” he added.

“We are constantly trying to evolve to program for the present and the future, and this gift certainly welcomes the opportunity for both of us.”

Cole said the gift would help cover the cost of food provided to local students on Kids Unlimited sites and after-school programs.

“Looking at what we have to offer here, they were really impressed and especially liked the level at which our food program serves children. We serve 2,000 meals a day, which are freshly prepared meals. We currently have 600 students that we serve in our charter schools. We make breakfast, lunch and dinner for all these children and serve our after-school sites – well over 200 children there, “said Cole.

“The actual number is greater than 2,000, but 2,000 is a good low score.”

Cole said the poverty levels on Kids Unlimited campuses are significant, and the quality nutrition program has far-reaching benefits for young people and their families.

“Both Kids Unlimited schools are in great poverty. Our campus in Medford is 100% poverty. There is some abundance in this valley, but we see some very significant differences in the economy and many challenges that our children are facing, “he said.

“We appreciate that we are part of what we aspired to do so many years ago. As we moved into the summer, one of the things we had as an unfunded part of the food program was extra food on the weekends for families who may not have access to the same type of healthy food during the week.

Cole marveled at the receipt of cryptocurrencies for an organization that began when the “recruiting” Internet was “still something.”

“We are about 25 years old and we have seen many different trends around funding and what not, including the evolution of the internet,” he said.

“This gift is a very different reality – or virtual reality, if you will – of what lies ahead. A different reality for trade and certainly philanthropy. “

To donate to the Kids Unlimited or Nutrition Program, email Cole at [email protected] or call 541-774-3900. For more information, see kuaoregon.org

Contact freelance writer Buffy Pollock at [email protected]

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