Home» News» Buzz» Seychelles Conservation Group to Sell Endangered Magpie Robin as NFTs
1-MIN READ

Seychelles Conservation Group to Sell Endangered Magpie Robin as NFTs

The magpie robin NFTs can be bought for a minimum of $10. (Image Credits: Shutterstock/Representational)

The magpie robin NFTs can be bought for a minimum of $10. (Image Credits: Shutterstock/Representational)

Nature Seychelles said the aim was to raise money for conservation, as traditional sources of funding have dried up during the coronavirus pandemic.

In what has been hailed as a world first, a conservation group in the Seychelles has launched a project to sell digital versions — or NFTs — of the island nation’s endangered magpie robin.

Nature Seychelles said the aim was to raise money for conservation, as traditional sources of funding have dried up during the coronavirus pandemic.

The digital twins of the black and white birds can be snapped up for as little as $10 or as much as $10,000 — and Nature Seychelles CEO Nirmal Shah told AFP they had already raised $2,500 on the first day of the sale Monday.

NFTs — “Non-Fungible Tokens" — are digital objects such as drawings, animations, pieces of music, photos or videos, whose authenticity is confirmed by blockchain technology, preventing forgeries or manipulation.

RELATED STORIES

The Indian Ocean archipelago is home to about 400 magpie robins, with 59 found on the Cousin Island Special Reserve.

Nature Seychelles initially issued a limited edition of 59 collectibles to represent the living birds on Cousin Island.

“You can contribute whatever you want, and the money will go directly to us to help manage this species," said Shah.

“This is just the beginning of experiments to find new income streams for conservation."

Read all the Latest News, Breaking News and Coronavirus News here

first published:July 21, 2021, 09:26 IST