The Paiter Suruí indigenous people, from Rondônia, auctioned artwork in NFT formatthrough the site Bitcoin Market. The project idea is finance the protection of 13 thousand hectares of the Amazon rainforest, in the Sete de Setembro region, in addition to investing in conservation and sustainability projects. The Paiter Suruí people seek to acquire drones, GPS and computers for geoprocessing with the intention of monitoring the Amazon rainforest.
NFT, what it is and how the technology works
The auction ended last Tuesday (15) and raised over BRL 45,000 with the sale of 12 NFTs, of the works of the Paiter Suruí people. The idea came from chief Almir Suruí, who invited artists from the community and partners to make some of their works available for auction. The purpose of the auction is not profit, but to finance ways to protect the territory of the Amazon.
NFTs are all the rage right now. While some people criticize the usefulness of selling digital art through the non-fungible tokens, many people are taking advantage of the NFT to profit. If by any chance you’ve heard about NFTs, but don’t understand exactly how they work, visit our article on the subject to understand in more detail how the new wave that has been taking the internet works.
About 95.5% of the value of each work will be converted directly to the Paiter Suruí people for the acquisition of the necessary material to carry out the inspection of the territory of 13 thousand hectares. “The idea is to acquire technologies, such as drones, GPS, computers for geoprocessing, and also to identify some projects to receive funding and strengthening. We have projects for coffee, bananas, cocoa, nuts. Even reforestation and recovery of springs”, explained Almi Suruí to G1 before the auction ended.
Discover the auction works and the individual sale value of each one
The bids for some of the works exceeded the value of R$ 7 thousand and the idea was considered a great success. It will be interesting to see if the NFTs will be used to finance other projects like this one, with social appeal and aimed at protecting the national heritage.
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Source: Gizmodo, Bitcoin Market