# The Whitworth tests NFTs as way of raising funds - Link: https://fundraising.co.uk/2021/09/01/the-whitworth-tests-nfts-as-way-of-raising-funds/ - Published: 2021-09-01T09:00:00+01:00 - Author: Melanie May **Manchester’s The Whitworth has launched what it believes is the first UK museum- accredited NFT (non-fungible token) to test alternative models of financing its social art practice.** Launched in partnership with Vastari Labs, [the NFT](https://whitworth.vastari.com/theancientofdaysnft) has been created as part of the gallery’s major exhibition and research project, Economics the Blockbuster. The NFT image is generated from William Blake’s The Ancient of Days, one of the most widely reproduced images within the gallery’s collection as well as since its original print for mass circulation in the 19th century.  The Ancient of Days formed the frontispiece for Blake’s illuminated book Europe: a Prophecy, and has since been realised in all kinds of forms, from postcards and posters, to a projection onto the dome of St Paul’s Cathedral. ## Advertisement The NFT image is a new digital visualisation of Blake’s original work, generated by The John Rylands Research Institute and Library, The University of Manchester. Using multispectral imaging software (MSI), the NFT image is created through the processing and analysis of images of Blake’s The Ancient of Days, which had been created using different wavelengths of light, from UV to infrared. MSI analysis works using algorithms and data science. Economics the Blockbuster explores the problems of existing economic models and proposes new ones that offer wider social benefit – culminating in a large-scale exhibition in 2023. Sale proceeds will go to a Whitworth community fund to be used in projects held in partnership with communities, organisations and constituents of the gallery’s surrounding neighbourhoods and networks. These projects will be dedicated to applying artistic thinking to education, health and environment. The Ancient of Days NFT went on sale on 28 July on the Tezos-supported platform [Hic et Nunc](https://www.hicetnunc.xyz/objkt/168856) in an edition of 50, with two editions retained by the Whitworth for perpetuity. A 20% creator royalty will be written into each NFT and all sales activity will be recorded to analyse the impact on the museum. ## Comments ### By: HowardLake - Link: https://fundraising.co.uk/2021/09/01/the-whitworth-tests-nfts-as-way-of-raising-funds/#comment-3993 - Published: 2021-09-13T17:13:43+01:00 A cryptocurrency that donates a proportion of every transaction to charity: [https://www.inputmag.com/tech/this-new-cryptocurrency-change-donates-a-portion-of-every-transaction-to-charity](https://www.inputmag.com/tech/this-new-cryptocurrency-change-donates-a-portion-of-every-transaction-to-charity) “Within 24 hours of launching, the CHANGE community managed to donate $136,744 toward relief for Australian bushfires.” ### By: HowardLake - Link: https://fundraising.co.uk/2021/09/01/the-whitworth-tests-nfts-as-way-of-raising-funds/#comment-3994 - Published: 2021-09-13T17:28:37+01:00 In June 2021 it was announced that Tim Berners-Lee is auctioning off the web’s source code as an NFT for charity: [https://www.engadget.com/tim-berners-lee-nft-code-auction-131656681.html](https://www.engadget.com/tim-berners-lee-nft-code-auction-131656681.html) ### By: HowardLake - Link: https://fundraising.co.uk/2021/09/01/the-whitworth-tests-nfts-as-way-of-raising-funds/#comment-4260 - Published: 2022-07-22T11:31:03+01:00 Victoria’s Promise is releasing their own collection of NFTs “Promise Bears” on 1 August 2022 to fund their continued efforts to provide care and support for young women with cancer. The charity has teamed up with digital artist Penny Crayon NFT for a limited release of “Promise Bears”. Each bear will be unique with differentiating features of varying rarity and will be available for purchase on Algorand, “the world’s most decentralised, scalable, and secure blockchain infrastructure.” Each Promise Bear will be purchasable for £35 and will be released to the public on 1 August 2022\. Only 5,000 individual NFTs will be available for sale. [https://www.victoriaspromise.org/](https://www.victoriaspromise.org/)