Singapore’s National Trades Union Congress (NTUC) U Care Fund and Blockchain Association Singapore (BAS) recently announced their inaugural non-fungible token (NFT) charity auction event, Blockchain For Good! The charity initiative is supported by companies including Singapore Airlines, Amazon Web Services Inc., law firm Drew & Napier, and cryptocurrency exchange, Coinhako.
It aims to raise S$250,000 for the NTUC-U Care Fund to help lower-income union members and their families. Public figures, influencers and even a member of the Brunei royal family are participating in the event. Look at what our own Speaker of Parliament Mr Tan Chuan-Jin has contributed for this worthy case 😊
The NTUC-U Care Fund is the charity arm of NTUC that aims to better the welfare of lower-income union members and their families. Funds raised will go toward supporting various assistance programmes, including helping families defray their cost of living and their children’s school expenses, as well as caring for the elderly. Through the collective efforts of the NTUC-affiliated unions, association and social enterprises, together with management and tripartite partners, $113 million has been disbursed since 2009 to help workers affected by the economic downturn and fund assistance programmes. You may also make a contribution on www.giving.sg/ucarefund.
Mr Zainal Sapari, NTUC Assistant Director-General and Director of NTUC Care and Share Department, said, “We are happy to collaborate with industry associations such as BAS as part of our fundraising efforts this year to help our lower-income members and their families, who may need an additional boost to tide through these difficult times. It is our first time doing an NFT charity auction; and I hope, this new and unique initiative will pique the interest of corporates and individuals to come on board through similar means for us to make it a sustainable fundraising effort for a worthy cause.”