Cultivate NFTs
What is an NFT?
An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.
NFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes. “Essentially, NFTs create digital scarcity,” says Arry Yu, chair of the Washington Technology Industry Association Cascadia Blockchain Council and managing director of Yellow Umbrella Ventures.
This stands in stark contrast to most digital creations, which are almost always infinite in supply. Hypothetically, cutting off the supply should raise the value of a given asset, assuming it’s in demand.
source: Forbes
Why is Cultivate creating & selling NFTs?
Cultivate exists purely to make yoga accessible to ALL by offering GIFT-BASED YOGA to the community.
In order to cover our expenses we rely on donations from individuals and explore grant opportunities for nonprofits.
Operating in this way is in our DNA and makes us uniquely Cultivate but all too often we find that we are not generating the revenue we need to fully cover our expenses - putting the entire organization at risk.
To mitigate this risk and to help us find new ways to raise funds, we have explored and landed on NFTs as a creative way to generate revenue.
Check out our listings of NFTs below and thank you for considering investing in Cultivate in this unique way!
