Home arrow Article arrow Article Detail

NFTs of Macy's iconic Thanksgiving Day parade balloons will be available soon

Profile Image

Pavan A Follow


Nov, 24 2021

Nov, 24 2021

likes 0 | comments 0

Article Image

The renowned U.S. department store Macy's announced on Friday that it would be selling a series of NFTs to support the Make-A-Wish Foundation.

In celebration of its 95th anniversary of hosting the Thanksgiving Day Parade, the New York department store Macy's is giving away 9,500 Ethereum NFTs. Ten "ultra-rare" versions of the NFTs have already generated $40,700 in bids.

On Nov. 19, Macy's will open bidding on a set of 10 collectibles inspired by parade balloons. Bidding will run through Nov. 30 for the first lot. And then, around 10:30 EST on Nov. 30, Macy's will start selling the second lot.

During the Macy's Thanksgiving Day Parade on Nov. 25, people can pick up a free NFT and enter sweepstakes for a chance to win $10,000.

Macy's explains that it has structured the smart contracts of each NFT so that when they are sold later, they will create more donations.

Macy's released a statement, "This means that any time one of these unique 1 of 1 NFTs are sold, a 10 percent residual fee from the sale price will automatically be donated to Make-A-Wish.”

They added, “By employing NFT technology in this way, Macy’s is forging a path of charitable contributions that go far beyond what traditional methods can achieve.”

Also Read | Xbox Boss wary of 'exploitative' NFT methods in gaming

Macy's said that using NFT technology to make charitable donations is forging a new path beyond traditional methods.

The artwork is based on archival and creative content from Macy's archives dating back to the late 1920s. 

The NFT's were created by Reometry, a digital agency led by NFT artists REO and Seth Brown. They are offered on the Sweet NFT Marketplace, which is based on the polygon blockchain.

likes 0 Likes | comments 0 Comments

Profile Image

Pavan A

CBW - External Analyst


Binance's Dogecoin problem is 'shady' says Elon Musk

A self-proclaimed "Dogefather," Tesla CEO Elon Musk defended Dogecoin investors yet again on Twitter. He and Binance CEO Changpeng Zhao got into a Twitter spat over dogecoin withdrawal issues...;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.