Lucky Friday Labs has announced the launch of Teddy DAO, a perpetual, on-chain charity NFT collection minted on Moonbeam. This project aims to revolutionize how non-profit organizations raise funds by leveraging the potential of crypto for social impact. Teddy DAO has partnered with JustGiving, a globally recognized online fundraising platform, to create one of the first charity auction platforms on the Polkadot network, focusing solely on creating a positive impact on society.
Teddy DAO brings a unique approach to charitable giving through daily auctions of limited-edition teddy bears designed by renowned pixel artist Yumi. Each day, a new and exclusive bear is added to the collection, giving collectors and philanthropists the opportunity to make a meaningful impact through their bids. The winning bidder of each daily auction can choose from 400 charities to receive the proceeds from their bid, with plans to expand the number of covered charities to over 450,000 after the initial launch phase. The funds collected from the auction will be off-ramped from crypto to fiat and directly delivered to the chosen charity through JustGiving, the world’s leading platform for online giving.
What sets Teddy DAO apart is its fusion of blockchain technology and NFTs, setting a new standard for social impact and showcasing the potential of technology for social good. Moonbeam was selected as the deployment destination for this initiative due to its eco-friendly proof of stake foundation, making it an ideal choice for minting NFTs with a lower carbon footprint. The collaboration between Teddy DAO and Moonbeam demonstrates a commitment to using cryptocurrency for social good while prioritizing sustainability.
This project has also received a grant from the Moonbeam Foundation, further supporting its development efforts and bringing a unique use case to the Moonbeam and Polkadot ecosystems. It presents an opportunity for individuals to participate in using blockchain for social impact by joining Teddy DAO’s first auction and contributing to the advancement of NFTs for the betterment of society.
Lucky Friday is a global Web3 software developer, infrastructure provider, and project creator that plays a leading role in interoperable blockchain technology. The company assists enterprise blockchain adopters, institutional crypto holders, and community initiatives in various areas, ranging from NFTs to decentralized finance. With decades of experience, Lucky Friday drives Web3 innovation by supporting enterprise adoption, building decentralized infrastructure, sponsoring initiatives for social good, and actively participating in shaping protocol development, project governance, and the decentralized economy.
Moonbeam is a smart contract platform that enables the building of cross-chain connected applications. It allows applications to access users, assets, and services on any chain by uniting functionality from Ethereum, Cosmos, Polkadot, and more into a single platform. Moonbeam aims to solve the fragmented user experience in today’s blockchain ecosystem, unlock true interoperability, and pave the way for the next generation of applications. With its developer-friendly EVM platform, modern Substrate architecture, and integrated cross-chain messaging, Moonbeam provides an ideal environment for building connected applications.
JustGiving is the world’s most trusted platform for online giving, empowering individuals to raise money for charities and causes they care about. Since its inception in 2000, JustGiving has raised over £6 billion for good causes in almost every country in the world. It became part of Blackbaud, the world’s leading cloud software company powering social good, in 2017.