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Kids Unlimited received a $ 15,000 donation for its food programs – from the cryptographic realm

A picture on the Supermegastudios Facebook page shows NFT used to fund a $ 15,000 donation to Kids Unlimited. [Courtesy image]

An image on the Super Mega Studios Facebook page 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 local youth get more than 2,000 meals a day.

The donation came as a surprise in many ways. The infusion of funding for the meal program was not on the radar of CEO Tom Cole, at least.

Even more surprising is the fact that the donation came through the sale of a cryptocurrency known as NFT, the first such donation to a local non-profit organization.

Non-spreadable tokens – NFTs – are artificially scarce digital objects for making “unique” versions of digital artwork, sports memorabilia, celebrity photos, and anything else that can be digitized using blockchain technology, according to the Associated Press.

Converting these to NFT involves placing a property declaration in a blockchain, usually the ethereum blockchain, which creates a permanent record of “ownership”.

The $ 15,000 check delivered to Kids Unlimited Thursday by check came from the sale of an NFT, and recently put a GalaKnights collector up for auction as part of an exclusive presentation.

“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 give the check to Kids Unlimited Thursday. “It’s the perfect combination of progressive programming and progressive purpose.”

Cole said the origin of the donation, which comes from an NFT designed to support charitable efforts, was well-suited to an organization committed to educating and enriching the lives of local youth.

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

“We are constantly trying to evolve our programming for the present and the future, and this gift is certainly a welcome opportunity for both of us.”

Cole said the gift would help cover the cost of meals provided to local students at Kids Unlimited sites and extracurricular programs.

“They were very impressed with what we have to offer here, and they especially liked the level that our food program serves the kids. We serve 2,000 meals a day, freshly prepared meals. We now have 600 students in our charter schools. We make breakfast, lunch and dinner for these children, and we serve our out-of-school areas, where more than 200 children live, ”Cole said.

“The actual number is more than 2,000, but the low estimate is 2,000.”

Cole said the levels of poverty on Kids Unlimited campuses were significant and that a quality meal program has great benefits for young people and their families.

“Two Kids Unlimited schools are in extreme poverty. Our Medford campus is 100% poverty-stricken. There is a bit of wealth in this valley, but we see very significant differences in the economy and a lot of challenges for our children, ”he said.

“We are grateful to have been part of what we wanted to do so many years ago. As we spend the summer, one of the things we’ve been missing out on as part of our food program has been supplementing food on the weekends, perhaps for families who can’t afford healthy meals during the week. ”

Cole was shocked that the “branded” internet was “still a thing” when he started receiving cryptographic funds for an organization.

“We’ve been around for 25 years, and we’ve seen a lot of different trends around funding and so on, including the kind of evolution of the Internet,” he said.

“This gift represents a different reality – or a virtual reality, if you will – of what is to come. Another reality for trade and certainly for philanthropy. ”

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

Contact Buffy Pollock freelance writer at [email protected]

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