Thanks to the recent partnership with Young Platform, 1 Caffè Onlus revolutionizes fundraising with cryptocurrencies and charitable NFTs, promoting a culture of giving in Italy. Let’s see all the details below.
Summary
Young Platform and 1 Caffè Onlus unite: crypto donations and solidarity NFTs
As anticipated, 1 Caffè Onlus is preparing for an advancement in fundraising thanks to the collaboration with Young Platform.
The initiative will allow people to make donations in cryptocurrencies and charitable NFTs, supporting the organization’s mission in promoting a culture of giving in Italy.
The project will be presented during an online press conference, which will see the participation of Luca Argentero, vice president of 1 Caffè Onlus, and Andrea Ferrero, CEO of Young Platform.
The event, scheduled for Friday, April 5th at 11:00 am, will be accessible through the social channels of both organizations, involving journalists, influencers, and industry experts.
This new approach to fundraising marks a significant step in the innovation of charitable practices, integrating emerging technologies to support important causes.
We remind you that 1 Caffè Onlus is the first digital social platform dedicated to supporting small and medium-sized non-profit associations in Italy, promoting the culture of generosity.
Since 2011, through crowdfunding, it supports 52 charitable organizations working on assistance projects in various social areas.
Young Platform, on the other hand, is an Italian cryptocurrency exchange platform that facilitates the purchase, sale, and exchange of cryptocurrencies with fiat currencies. It is a regulated company that provides services for the purchase, sale, and accumulation of Bitcoin and other cryptocurrencies.
Brief analysis of the main platforms and trends in NFT sales
Staying on the topic of NFTs, we see that the market has experienced another decrease this year, recording a decline for the second time after the gradual dissipation of the initial enthusiasm in 2024.
NFT sales dropped by 4% in March, with investors reducing token purchases by 91.54%, dropping to only 84,571 from 75,484 in the previous month.
Bitcoin, the main cryptocurrency and blockchain network, has seen a significant 41% increase in traded sales volume, reaching a total of 495 million dollars, mainly thanks to the popular NFT BRC 20 and Bitcoin Ordinals.
Ethereum, the second most used blockchain network, has generated a sales volume for its NFT collections of 483 million dollars. NFT collections on Solana have recorded a sales volume of 283 million dollars.
However, NFT collections based on Polygon have experienced a significant 35% drop in sales volume, reaching only 35 million dollars. While those based on Mythos have seen a modest 10% increase, reaching a total of 31 million dollars.
Despite these variations, the best-selling NFTs in March 2024 continue to be a point of interest in the digital market landscape.
Furthermore, several analysts predict that the NFT market will regain momentum once the current frenzy around meme coins has subsided. It is important to note that the NFT market is subject to seasonal fluctuations.
According to estimates from the renowned on-chain analysis company Statista, revenues from the NFT sector are expected to reach $2.37 billion by 2024, with a projected annual growth rate of 9.10%.
It is also expected that the revenue will increase to 3.36 billion dollars by the end of 2028.
