IBC Group backed CanETH Staking Services donates NFT to Artcryption

IBC Group backed CanETH Staking Services donates NFT to Artcryption

Inayat-ur-Rahman, Deputy Business Editor

 

CanETH Staking Services, a Canada-based institutional-grade staking service for Ether, which is backed by Khurram Shroff, Chairman of the Dubai-based IBC Group, placed the winning bid for the Non-Fungible Token (NFT) for the digital art image of the Ethereum cryptocurrency.

 

The NFT, of an undisclosed amount, has been donated to Artcryption, a Blockchain platform, which sells, licences, protects, stores and manages intellectual property rights for art. The proceeds are going to a fundraiser for the SickKids Foundation, organized by Toronto-based fiat to crypto trading platform VirgoCX.

 

"The entire process, from bid to donation, is a perfect example of using the flexibility and potential of Blockchain and cryptocurrencies, in the service of a worthy cause,“ says Khurram Shroff.

 

"The multiple entities involved, including CanETH Staking Services, VirgoCX and Artcryption, are all actively propagating unique and innovative implementations of Blockchain technology. We are delighted to have been part of this initiative. It not only showcases some of the many diverse possibilities empowered by Blockchain technology, but has also raised funds for research, clinical care and compassionate initiatives through the SickKids Foundation.“

 

Digital artist Richard Haderer, known as MrY in the Crypto-Art world and the creator of the artwork donated by CanETH staking services,