ProjectX Partners with Little Phil to Make Social Impact via NFTs

Press Release

FOR IMMEDIATE RELEASE 28/05/21

Australian social enterprise start-up launches game-changing fundraising tool for charities

Queensland, AU: Today, social enterprise Little Phil (short for ‘Little Philanthropist’), is launching a strategic partnership with NFT (non-fungible-token) liquidity enabling platform — ProjectX, as it seeks to open up millions of dollars in impact-based funding for not-for-profits.

Non-fungible tokens, or NFTs, are a special class of digital assets that cannot be exchanged with one another for equal value, or broken down into smaller bits, that often operate as a type of collectors’ item and cannot be duplicated. These represent the next phase in the application of blockchain technology and ProjectX is recognized at the forefront in this space.

The partnership with ProjectX represents a natural alignment and evolution for the business. Little Phil CEO Josh Murchie said ”ProjectX is seen as a leader in the cryptocurrency space. To work with a company of this caliber on such a ground-breaking initiative is incredible. We are excited about how we can use their technology to provide charitable causes access to ongoing and reliable funding streams.”

ProjectX is developing NFT valuation algorithms and methodologies to enable accurate verification of Authenticity and Valuation of NFTs (therefore protecting the public).

“Although NFT’s are currently a very hot-button topic, the Blockchain-based technology has actually been around for years — we are only just now getting to an inflection point around their accessibility for the general market. What we are seeking to do is utilize this technology to potentially open up millions in impact-based funding in perpetuity, which will significantly disrupt the sector’s current funding model, while helping causes become less reliant on donations, ” says Murchie.

This partnership is designed to provide not-for-profits access to alternative streams of fundraising outside of traditional avenues and aid them in diversifying their revenue-raising activities. This will also provide charities with an ongoing and recurring revenue stream through the collection of money associated with each transaction.

About Little Phil:
Little Phil is is a platform and charity aggregator based in Queensland, AU. Founded in 2017, Little Phil is a total giving ecosystem that transparently connects donors, businesses, and brands more directly with charities and beneficiaries through its Blockchain inspired Fintech technology platform that allows users to select a cause that they care about and directly give to that specific initiative — allowing them to track their impact in real-time.

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For interviews, images or further information please contact:
Sean Braybrook
littlephil.org
sean@inskribed.com