NFTs and Kenya's Nonprofit Sector

May 8, 2023

NFTs and Kenya’s Nonprofit Sector

Order ID	53563633773
Type	Essay
Writer Level	Masters
Style	APA
Sources/References	4
Perfect Number of Pages to Order	5-10 Pages

Description/Paper Instructions

NFTs and Kenya’s Nonprofit Sector: A New Way to Fundraise

Non-Fungible Tokens (NFTs) have emerged as a new way to fundraise in Kenya’s nonprofit sector. NFTs are digital assets that are unique and cannot be replicated. They are stored on a blockchain, which is a secure and transparent digital ledger. NFTs have gained popularity globally as a way to buy and sell digital art, music, and other forms of creative content. However, in Kenya, NFTs are being used to raise funds for various social causes.

The nonprofit sector in Kenya faces several challenges in fundraising, including limited resources, lack of access to funding, and low public trust. NFTs provide a new way to raise funds that can help overcome some of these challenges.

NFTs can be used to create unique digital assets that are sold to donors, with the proceeds going to support social causes. For example, a nonprofit organization could create a limited edition NFT that represents a specific social cause or project. Donors could then purchase the NFT and own a unique digital asset while also supporting the cause.

NFTs also provide a way to create a more engaging fundraising experience for donors. Nonprofits can create interactive digital experiences that are only accessible to those who purchase the NFT. For example, a nonprofit working on environmental conservation could create an NFT that grants the owner access to an exclusive online event where they can learn about the impact of their donation.

One example of a Kenyan nonprofit organization using NFTs for fundraising is the African Wildlife Foundation (AWF). AWF is using NFTs to raise funds for elephant conservation efforts. The organization has created a limited edition NFT that features an elephant with a tracking device. The NFT represents the elephant’s journey and the conservation efforts that AWF is undertaking to protect elephants in the wild. Donors can purchase the NFT and own a unique digital asset while also supporting AWF’s conservation work.

NFTs can also help increase transparency and accountability in the nonprofit sector. The use of blockchain technology provides a transparent and tamper-proof record of all transactions, making it easier to track how funds are being used. Donors can have confidence that their donations are going towards the intended social cause, and nonprofits can demonstrate their accountability to the public.

In conclusion, NFTs have the potential to revolutionize fundraising in Kenya’s nonprofit sector. They provide a new way to create engaging fundraising experiences, raise funds for social causes, and increase transparency and accountability in the nonprofit sector. As the use of blockchain technology and digital assets continues to grow globally, nonprofits in Kenya can leverage NFTs to overcome fundraising challenges and create a more sustainable future for their causes.

NFTs and Kenya’s Nonprofit Sector

RUBRIC

QUALITY OF RESPONSE	NO RESPONSE	POOR / UNSATISFACTORY	SATISFACTORY	GOOD	EXCELLENT
Content (worth a maximum of 50% of the total points)	Zero points: Student failed to submit the final paper.	20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking.	30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking.	40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete.	50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing.
Use of Sources (worth a maximum of 20% of the total points).	Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper.	5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6^th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper.	10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6^th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources.	15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6^th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources.	20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6^th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment.
Grammar (worth maximum of 20% of total points)	Zero points: Student failed to submit the final paper.	5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors	10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors	15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage.	20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free.
Structure of the Paper (worth 10% of total points)	Zero points: Student failed to submit the final paper.	3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6^th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6^th edition requirements whatsoever.	5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6^th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper	7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment.	10 points: Student provides a high-caliber, formatted paper. This includes an APA 6^th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.

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