David Chapman, founder of Teddy DAO, told CoinDesk that the project was inspired by an NFT sale he conducted last year, where he sold a one-of-one collectible and raised $15,000 for humanitarian aid organization UNICEF. He noted that this event not only highlighted the demand for NFT-backed charity donations but also indicated that the method could be used to onboard people new to Web3.
Source: https://www.coindesk.com/web3/2023/06/20/web3-charity-teddy-dao-is-raising-money-through-daily-nft-auctions/?utm_medium=referral&utm_source=rss&utm_campaign=headlines