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Korbit has teamed up with Save the Children Korea to initiate a donation campaign that will involve non-fungible tokens of NFTs. They have signed a memorandum of understanding (MOU) for the partnership on charity works.
As per The Korea Times, Korbit and Save the Children Korea agreed that the former will hold several campaigns by donating NFTs to the latter’s charitable programs. It was not mentioned when the campaigns are starting, but it is most likely soon.
Korbit is known to be the very first crypto exchange company in South Korea. Its platform is mostly used by customers for Bitcoin (BTC) and Ethereum (ETH) transactions, and it confirmed the news of its tie-up with Save the Children Korea on Wednesday, Oct. 19.
Save the Children Korea is a non-profit organization for children's healthy lives, protection, and education rights. The group also established branches in the U.S., U.K., Sweden, and Canada. It has been conducting various humanitarian programs and charity projects to protect children in every aspect with a specialization in their rights.
"We are pleased to team up with Save the Children Korea for the NFT campaign," Oh Se Jin, Korbit’s chief executive officer, said in a statement. "Korbit will keep casting a good influence on society by utilizing its blockchain technologies and holding socially responsible campaigns."
Save the Children Korea’s chief, Jung Tae Young, also expressed delight at the collaboration with the local crypto firm. He said that they are also happy with deepening their ties with Korbit since this is all for the benefit of the children and their welfare.
"Save the Children Korea received a donation via Bitcoin for the first time in the world in 2013 when Typhoon Haiyan hit Southeast Asia and the Philippines," Jung stated. "It is meaningful that we have been able to connect the dots with retail and institution investors who are interested in the rights of children after reaching the NFT partnership with Korbit.”
The charity group’s CEO added, “We will continue to do our utmost to enhance the welfare of children by holding diverse crypto donation campaigns."
Meanwhile, Save the Children also raised crypto funds in March, and the cryptocurrency donations have supported the organization’s efforts to help families and not just children who were affected by the Ukraine crisis. It is currently accepting more than 60 kinds of digital currencies, such as Dogecoin, USD Coin, and Cardano, in addition to Ethereum and Bitcoin.
