December 3, 2024 – Enereum Limited, a leader in decentralized funding solutions, has taken a significant step by introducing a new dimension to its platform activities: the inclusion of charity-focused projects. Through a partnership with the Presidential Commission of the Urban Poor (PCUP) in the Philippines, represented by Ms. Anna Donita S. Tapay, Enereum is leveraging blockchain technology to support charitable causes while maintaining its core model as a profit-seeking platform.

What Are Project NFTs?

Project NFTs are blockchain-based digital assets that represent funding opportunities for specific projects listed on the Enereum platform. Each Project NFT serves as a transparent contract between investors or donors and the project host (referred to as “operators”). These NFTs provide detailed information about the project, including:

1. Purpose and Objectives: Clear articulation of the goals and intended impact of the project.
2. Funding Details: Breakdown of how funds will be used.
3. Progress Updates: Operators must provide ongoing reports to demonstrate how resources are being utilized.

Traditionally, investors purchase Project NFTs on Enereum with the expectation of earning a financial yield from projects aligned with sustainable development goals (SDGs). These yields are typically generated by the project’s operations or outcomes and are safeguarded by an insurance pool to mitigate risks of default.

In this new initiative, Project NFTs are being used as tools for purely charitable fundraising. Unlike traditional Project NFTs, these charity-focused NFTs will not offer financial yields or require insurance premiums, as they are designed exclusively for altruistic purposes.

Enhancing the Platform with Charity-Focused Projects

Enereum’s traditional model centers around enabling profit-seeking investments, but this new initiative adds a dedicated section for charitable projects. These projects are selected based on strict due diligence criteria and are hosted by qualified operators like the PCUP.

Funds raised through charity NFTs will support critical initiatives such as healthcare, education, food security, and community empowerment for marginalized groups including fishermen, indigenous peoples, farmers, the homeless, orphanages, and individuals with special needs.

Charity Projects and Operator Due Diligence

Charitable organizations participating in this initiative act as operators on the platform, undergoing the same rigorous due diligence process as other project hosts. This ensures transparency, credibility, and alignment with Enereum’s commitment to trust and accountability.

Each charity-focused NFT will detail the purpose and impact of the project it represents, providing donors with a clear understanding of how their contributions will be used. Additionally, operators are required to submit regular reports to ensure funds are utilized effectively and donors are kept informed.

Empowering Donors with Blockchain Transparency

Enereum is positioning charity NFTs as a decentralized, blockchain-based alternative to traditional fundraising platforms. By leveraging blockchain technology, the platform ensures:

1. Immutability: Once created, the details of each NFT and its associated project cannot be altered.
2. Transparency: Every transaction is recorded on the blockchain, making it easy for donors to trace how funds are being used.
3. Global Accessibility: Donors from around the world can contribute securely and efficiently.

This initiative allows Enereum to serve not just profit-driven investors but also altruistic donors seeking to make a positive impact.

Aligned with SDG 17

This initiative supports Sustainable Development Goal 17 (Partnerships for the Goals) by fostering collaborations between technology and grassroots organizations. By adding this dimension to its platform, Enereum reinforces its role in building innovative, inclusive, and sustainable partnerships.

A Word from the CEO

Speaking about this development, Adisorn V., Founder and CEO of Enereum Limited, stated:
“This expansion reflects Enereum’s vision of using blockchain technology to create impactful connections. While our platform remains focused on delivering value to profit-seeking investors, we are equally proud to offer a space where donors can contribute to charitable initiatives, knowing their support is making a real difference.”