Teddy DAO: Promoting Web3 Education for Charitable Causes
Polkadot (DOT)-based charity project Teddy DAO aims to attract more traditional donors by spreading awareness about Web3.
With over $14,000 in contributions, Teddy DAO supports charitable causes like children’s welfare, anti-human trafficking, and cancer research. The project plans to distribute 190 Teddy Bears to underprivileged children this year.
Teddy DAO, a perpetual NFT collection, donates proceeds to charity and offers tax benefits to donors. The foundation holds official charitable status with the IRS.
Challenges in Attracting Traditional Donors
Despite initial impact, Teddy DAO faces obstacles in reaching traditional donors unfamiliar with Web3 technology. An education program is underway to bridge this gap and expand support for humanitarian causes.
David Chapman, founder of Teddy DAO, announced the launch of an educational series called “Teddy Tuesdays” to introduce traditional donors to Web3 and the project.
5% NFT Royalties to Charity
Teddy DAO plans to allocate 5% of NFT royalties to its treasury for quarterly distribution to charitable causes. The platform emphasizes energy efficiency and chose Polkadot for its minimal carbon footprint.
