Blockchain For Good
Blockchain For Good (BFG) is a Corporate social responsibility (CSR) initiative of the Blockchain Association Singapore (BAS). We have been supporting the PolyFinTech100 API hackathon for the past few years whereby we groom talented poly students in the areas of blockchain. In October 2021, we ran the Singapore's first NFT Charity Auction with the NTUC-U Care Fund.
Today we are pleased to partner the Straits Times, a paper of 176 years history, to raise funds for the Straits Times School Pocket Money Fund (STSPMF) through a NFT auction. STSPMF provides pocket money to students from low-income families. The auction will take place over a week in Singapore, from 22nd to 28th December 2021.
Countdown to Auction
The NFTs
Title: Own a piece of the metaverse
In this article, Opinion Editor Grace Ho announces The Straits Times' first-ever NFT auction - describing what NFTs are, why ST decided to put up its artwork and column for auction, the process by which the NFTs were minted, and the pros and cons of this rapidly evolving space. The larger questions are these: With the world on the cusp of a technological quantum leap, what does this mean for how art is defined and valued? Will the virtual world, with a digital economy powered by blockchain technology, become as real as the physical world? How will we live, work and play?
Author: Grace Ho
Publication date: December 13, 2021
Title: The permanence of cats
The Persistence of Cats is a visual parody of Salvador Dali’s painting, The Persistence of Memory. In his original painting, the iconography may refer to a dream that Dali experienced. This artwork plays on the artist’s fondness of cats and how they pervade and manifest in his thoughts ever so often. It originally appeared in the article "NFTs offer Asian artists a new global showcase", which describes how non-fungible tokens (NFT) give Asian artists an opportunity to build their individual portfolios while reaching out to a wider audience. Asian artists are increasingly recognised by critics and a global community of fans. The article argues that building a crypto-forward economy has to be a joint effort involving blockchain protocols, marketplaces and artists.
Artist: Manuel Francisco
Publication date: December 1, 2021
Title: Bullish Bitcoin
As critics and defenders of Bitcoin continue their argument over the future of cryptocurrencies, what is clear is that crypto investments are not for the faint of heart. In his article "Making sense of the Bitcoin crash", associate editor Vikram Khanna pointed out that Bitcoin has been famously volatile throughout its 12-year history. While sudden market swings are not always easy to rationalise, there were some proximate triggers for Bitcoin's meltdown earlier in 2021 - from tweets by Tesla founder and CEO Elon Musk, to a warning from China's financial authorities. Bitcoin's true believers remain bullish and are urging investors to keep their cool. They reject the idea that Bitcoin can be substituted by other crypto assets, claiming that it is the most decentralised and secure with superior technology.
Artist: Miel Prudencio Rosales Jr
Publication date: May 26, 2021
Title: A guide to cryptocurrencies
Widely hailed as the future of money, cryptocurrencies have had a wild ride over the past one year. The artist takes a look at how they work, including how cryptocurrency and blockchain function, the history of currencies, the top 10 cryptocurrencies by value, and their environmental impact. This infographic was part of The Straits Times' Insight feature on cryptocurrencies.
Artist: Chng Choon Hiong
Publication date: October 16, 2021
How it Works
Step 1. Go to NFT Website
NFT Platform
Visit https://nft.singaporenft.org/ , the NFT platform which is based on the Polygon blockchain.
Step 2. Connect Metamask
Metamask
Connect Metamask to the NFT platform to register an account.
Metamask is a crypto wallet software to interact with blockchain.
Step 3. Complete KYC
Complete KYC
Know Your Customer (KYC) is the process of identifying and verifying the client's identity when opening an account.
Step 4. Get HEART Tokens
Heart Tokens
Users who successfully pass KYC will be given MATIC & HEART tokens.
MATIC is required to pay for gas fees when performing various transactions. Each HEART token represents one SGD and is for you to bid on the NFTs.
Step 5. Start Browse & Bid!
Browse & Bid
You can start browsing the NFTs on auction and bid on your favourite NFTs with the given HEARTS tokens.
Step 6. Get Your NFT
Get Your NFT
If you are the successful bidder of an NFT, our team will contact you for the payment, which is the SGD equivalent of your winning bid in HEARTS. Upon successful payment, the NFT will be transferred to you.
Organisers
In Support Of
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