Okay Bears, a prominent Solana-based NFT collection, has announced a collaboration with a global health organization (RED) to release new merchandise to support international health efforts. This partnership represents a significant milestone in utilizing NFTs for philanthropy and addressing critical global issues. The collection will feature hoodies, T-shirts, and wristbands with (RED) branding, with a portion of the sales proceeds being donated to The Global Fund to Fight AIDS, Tuberculosis, and Malaria.
Just announced at @NFT_NYC: We’re collaborating with @okaybears, a digital collectibles brand and Web3 community on a limited-edition collection of (OKAY)ᴿᴱᴰ merchandise (and more to coming later this year 😉) #NFTNYC2023https://t.co/oK8szQGZTQ pic.twitter.com/YfU9qif5xY
— (RED) (@RED) April 13, 2023
Greg Sheps, Head of Business Development at (RED), recognizes the collaboration as an innovative fundraising strategy, using NFT art to generate more revenue and awareness in combating AIDS, pandemics, and other global health issues. Sheps emphasized the importance of thinking beyond traditional approaches and collaborating with diverse partners to create new and exciting ways of raising awareness and funds for global health initiatives.
The partnership between Okay Bears and (RED) exemplifies the potential of NFTs to drive awareness and funding for critical global issues, while highlighting the platform’s capacity for positive social impact through philanthropy. With more collaborations like this, NFTs can become a potent fundraising tool to address some of the world’s most pressing issues.
Apart from the (RED) partnership, Okay Bears has emerged as a top project on the Magic Eden Marketplace with a floor price of 199 $SOL and a trading volume of 2.3 million $SOL. The project has extended its intellectual property to partnerships and real-world experiences, launching its first airdrop for NFT holders in August. The Founders Coin, a unique digital collectible, allows users to exchange their NFTs for the corresponding gold value, with each NFT randomly linked to a gold weight of 0.25, 0.5, 1, 5, or 10g. Additionally, Okay Bears partnered with entertainment company IMG in July to introduce new products for the collection, with IMG serving as the exclusive global licensing agent for the project’s 10,000 fashionably dressed bears available as PFP NFTs.