70% of Nature Seychelles’ recently launched Nature Collectibles have been sold after 3 weeks of being offered. A total of $7,000 in revenue was realized from the token sales for conservation of a unique songbird once on the brink of extinction.
Nature Seychelles an environmental non-governmental organization (NGO) is well known for innovations – its projects are usually game changers and ‘first to market’.
The Nature Collectibles (NFTs – for conservation) are a digital likeness of 59 endangered Seychelles magpie robins (Copsychus sechellarum) currently found on Cousin Island Special Reserve. The Million Dollar Bird, as it’s called by Nature Seychelles, was selected as a forerunner for the world’s first digital nature collectibles launched in partnership with the International Union for Conservation of Nature (IUCN) and the Swiss-based NGO, Porini Foundation.
According to analysis from Porini Foundation, the smaller denomination NFTs costing 10, 50 and 100USD sold out soon after the launch and were trailed in the following weeks by 6 of 200USD and 4 of the 1000USD. The big-ticket collectible worth 10,000USD is still up for grabs as are most of the 500USD. The collectibles have generated interest in 64 different countries on their selling platform, with the United States being in the lead.
Dr. Shah says the NGO will be looking at other funding disruptions including cryptocurrency, remote ecotourism, and others yet to be unveiled.