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NFT Auction to Support Healthcare in India: Everything You Need to Know


The AI Healthcare facilities in India are now being supported by NFT sale by Polygon

digital asset that depicts real-world elements like art, music, in-game goods, and films is known as an NFT. They’re bought and traded online, often using cryptocurrency, and they’re usually encoded with the same software as many other cryptos.

NFTs are likewise one-of-a-kind, or at the very least one of a very small run, and contain unique identification codes. This is in sharp contrast to the vast majority of digital products, which are nearly always available in endless quantities. If a certain asset is in demand, cutting down the supply should theoretically increase its value.

However, many NFTs have been digital artworks that already exist in some other form elsewhere, such as classic video clips of NBA games or securitized copies of existing digital art found on Instagram.


NFT sale for Healthcare in India

Sandeep Nailwal, the founder of Ethereum scalability platform Polygon, has announced the sale of Guardian Animal NFTs, a collection of five unique digital art pieces that will be sold for 5000 tokens. All revenues from this event will go towards helping charity healthcare programs in India, and the artworks are themed on Indian mythology. The Guardian Animal NFT series, made by India-based artists from the accounting business EY, consists of five unique artworks that will be auctioned at OpenSea from April 1, 2022, through April 30, 2022. Airavata, Vanara, Mayura, Simurgh, and Jatayu are legendary Indian creatures that inspired the artwork.

EY Blockchain specialists advised the project on how to use blockchain-based technologies on to mint the NFTs and track their distribution and usage with the EY OpsChain Public Finance Manager solution.


CryptoRelief Fund activities:

In the aftermath of the second wave of COVID-19 in India, Polygon co-founder Sandeep Nailwal founded Crypto Relief. Ever since, the India Crypto Relief Fund has supported a number of healthcare efforts, including US$15 million donations to UNICEF to give India 160 million needles.


CryptoRelief supported IIT Madras research for Wastewater-based epidemiology research

CryptoRelief has given IIT Madras US$1 million to create a wastewater-based epidemiological research lab. The institution will serve as an intelligence unit, tracking and preventing a viral spread as it develops. This funding would aid advanced study and provide insight into the ever-changing infection patterns, as well as allow us to better protect ourselves.


Crypto Relief partnering with Doctors For You

The money from Crypto Relief is used to upgrade government buildings and PHCs/CHCs in communities, including the addition of oxygen beds and the improvement of medical infrastructure. This comprises equipment such as oxygen cylinders, concentrators, beds, and ABG analyzers, among other things. In addition to growing COVID bed capacity, the investment targets include bolstering medical equipment and supplies in rural India for effective delivery of excellent health care. The intervention entails providing health facilities with competent people as well as other critical resources. The current situation necessitates the active cooperation of a variety of stakeholders, including local governments & civil society organizations, in preventing the spread of the COVID virus.

The grant from Crypto Relief will help India prepare for a hypothetical third wave by making it easier to bolster the country’s defenses. This involves providing vital amenities to health care institutions, such as HDU and oxygen beds.

Recognizing the need for a unified rural health care system, the contribution intends to enhance the quality of treatment by bolstering existing institutions with solid infrastructural support. A well-functioning rural healthcare system demonstrates a country with robust healthcare that is committed to providing high-quality, dignified health care to all people, regardless of their social class, caste, religion, or gender.


Crypto Relief partnering with 10BedICU Project

The 10BedICU initiative, which is expanding critical care facilities in remote hospitals, has collaborated with Crypto Relief and received funding. The 10BedICU project is a collaboration between the eGovernments Foundation, the Karuna Trust, and the Nirmaan Organization.

In response to Covid second wave, 10BedICU was formed expressly to collaborate with Government Hospitals across rural and distant regions to establish 10 Bedded ICU units in order to address severe Covid cases locally.

There are many more such cases where CryptoRelief Fund was used to help the Indian Healthcare system.

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