Ethereum – Khurram Shroff backed CanETH Staking Providers donates NFT to Blockchain artwork platform Artcryption, as a part of VirgoCX’s public sale and fundraiser for SickKids Basis| APN Information
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Khurram Shroff backed CanETH Staking Providers donates NFT to Blockchain artwork platform Artcryption, as a part of VirgoCX’s public sale and fundraiser for SickKids Basis
Revealed on January 17, 2021
Canadian Ether staking service supplier CanETH Staking Providers, which is backed by Dubai entrepreneur Khurram Shroff, positioned an undisclosed successful bid for a digital artwork illustration of the Ethereum token, as a part of a charitable public sale by Toronto primarily based fiat to crypto buying and selling platform VirgoCX, in assist of the SickKids Basis.
Dubai: CanETH Staking Providers, a Canada primarily based institutional-grade staking service for Ether, which is backed by Khurram Shroff, Chairman of the Dubai primarily based IBC Group, positioned the successful bid for the Non-Fungible Token (NFT) for the digital artwork picture of the Ethereum cryptocurrency. The NFT, of an undisclosed quantity, has been donated to Artcryption, a Blockchain platform, which sells, licenses, protects, shops and manages mental property rights for artwork. The proceeds are going to a fundraiser for the SickKids Basis, organized by Toronto primarily based fiat to crypto buying and selling platform VirgoCX.
“The entire process, from bid to donation, is a perfect example of using the flexibility and potential of Blockchain and cryptocurrencies, in the service of a worthy cause”, says Khurram Shroff. “The multiple entities involved, including CanETH Staking Services, VirgoCX and Artcryption, are all actively propagating unique and innovative implementations of Blockchain technology. We are delighted to have been part of this initiative. It not only showcases some of the many diverse possibilities empowered by Blockchain technology, but has also raised funds for research, clinical care and compassionate initiatives through the SickKids Foundation”.
Digital artist Richard Haderer, often known as MrY within the Crypto-Artwork world and the creator of the paintings donated by CanETH staking providers, additionally endorsed the sale. “I’m really happy that this artwork found its way to a good cause”, Richard mentioned. “CryptoArtwork, or paintings that’s tokenized as NFT on the Blockchain, are a good way to create value and security for artists and creators. It’s the approach artwork is collected within the 21st century”.
The net crypto fundraiser was organized by VirgoCX, one of many main fiat to cryptocurrency buying and selling platforms in Canada, by exchanging cryptocurrency into cash donations, in addition to a digital profit live performance on Dec. 17, 2020, and a 7-day on-line charitable public sale. A non-fungible token, for a digital illustration of the Ethereum image, was donated the public sale by 3iQ Corp, Canada’s largest Bitcoin and digital asset fund supervisor. Because the winner of the public sale for the NFT, CanETH Staking Providers has donated the token to ArtCryption, an Ontario Canada primarily based Blockchain platform that secures mental property rights for artwork and restricted editions, based by crypto entrepreneur Vandana Taxali.
“Blockchain has the potential to transform virtually all human activities, interactions and transactions through infallible records and security, and this online fundraiser is an example of how these applications can extend far beyond cryptocurrency or digital contracts. Our participation in the online auction is emblematic of our belief in the power of technology to make a positive difference to our world”, Mr Shroff concludes.