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

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

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

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

The donation was unexpected in a handful of ways. An infusion of funding for the meal program was not on Executive Director Tom Cole’s radar, 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 such donation to the local nonprofit organization.

Non-fungible tokens, also known as NFTs, are artificially rare digital objects created using blockchain technology to mint “unique” versions of digital artwork, sports memorabilia, famous photographs and anything else that can be digitized, according to the Associated Press.

Turning them into NFTs involves placing an ownership declaration on a blockchain, typically the ethereum blockchain, which creates a permanent record of “ownership”.

The $ 15,000 delivered by check to Kids Unlimited Thursday came from the sale of an NFT by Super Mega Studios, which recently auctioned off a collectible 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 check to Kids Unlimited on Thursday. “It’s the perfect combination of progressive programming and progressive purpose.”

Cole said the source of the donation, coming from an NFT designed to support charitable activities, was a great choice for the organization, which is committed to educating and enriching the lives of local youth.

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

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

Cole said the gift would help cover the costs of meals provided to local students at Kids Unlimited sites and after-school programs.

“After looking at what we offer here, they were really impressed and particularly appreciated the level at which our feeding program serves the children. We serve 2,000 meals a day which are freshly cooked meals. We have 600 students who we serve in our charter schools now. We have breakfast, lunch and dinner for all those kids and we serve our after-school sites – well over 200 kids there, ”Cole said.

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

Cole said poverty levels on Kids Unlimited campuses were significant, and a quality meal plan has far-reaching benefits for young people and their families.

“Both Kids Unlimited schools are in high poverty. Our Medford campus is 100% poverty. There is some wealth in this valley, but we see some very significant disparities in the economy and many challenges faced by our kids, “she noted.

“We are grateful to be part of what we tried to do all those years ago. As we enter the summer, one of the things we have had as an unfunded part of the meal plan has been extra food on the weekends for families who may not have access to the same type of healthy meals during the week. “

Cole was amazed to receive crypto funds for an organization that started when “dial-up” Internet was “one more thing.”

“It’s been about 25 years and we’ve seen a lot of different trends in funding and whatnot, including the kind of Internet evolution,” he said.

“This gift represents a completely different reality – or virtual reality, if you like – of what’s to come. A different reality for commerce and certainly philanthropy “.

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

Reach freelance writer Buffy Pollock at [email protected]

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