NFT News: Argentine Freemasons To Put NTFs To Philanthropic Work

The Argentine Freemasons is jumping into nonfungible tokens (NFTs), but with a philanthropic twist. 

iexclusivenews reports that under the guise of CryptoMasons, the secret group is issuing 77 digital art NFTs, with profits going to local charities backed by the chapter.

This online news outlet understands that It is the first official NFT project endorsed by a local Grand Lodge, according to the release.

A Masonic Grand Lodge is the governing body of a particular fraternal freemasons association in a particular territory.

While this project originated in Argentina, there are hundreds of them all around the world.

The collection includes arcane Masonic imagery such as black and white checkerboard flooring and the notorious square and compass emblem.

Even the number of 77 NFTs accessible corresponds to a number significant in esoteric traditions and spirituality.

The Lodge’s humanitarian aims are behind this collection, which donates a portion of the proceeds to local charity.

According to the collection’s website, the group is utilizing the collection to “boost generosity to a new and unparalleled scale in the institution’s history.”

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This is yet another NFT collection that combines Web3 technology with philanthropic utility.

From generating finances for Ukrainian conflict victims to micro-donations patronage for classical music, digital assets are being leveraged.

Profits from the sale of CryptoMason NFTs in Argentina will benefit a local orphanage, a professional development center for youth, and an immigration rights center.

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This news from Argentina comes as the country continues to embrace cryptocurrency.

On August 24, the Mendoza province of Argentina began accepting cryptocurrency for taxes and administrative expenses.

Binance and Mastercard announced the launch of prepaid crypto cards in Argentina a month ago.

Meanwhile, iexclusivenews Nigeria reports that according to Triple-A poll statistics, around 5.18% of Argentina’s population, or over 2.4 million people, own a sort of cryptocurrency.