Contribution to XO Humanitarian Fund
As part of the partnership, Binance will contribute $2 million to the XO Humanitarian Fund, a project initiated by The Weekend earlier this year. The fund supports the efforts of the United Nations World Food Programme (WFP). Binance and The Weekend are also set to collaborate on additional NFTs, with 5% of the proceeds being donated to the XO Humanitarian Fund.
The Weekend’s Involvement with Crypto and NFTs
The Weekend entered the NFT scene in April 2021, launching a limited-edition collection on Nifty Gateway that raised over $2 million. This collection, known as *The Acephalous Collection*, included eight items, three of which were audio-visual works available in open collections. Four static pieces were offered through silent auctions and raffles, while the last piece featured an unreleased song by The Weekend. That unreleased track sold for over $490,000 in an auction.
In October 2021, The Weekend joined Tom Brady’s NFT platform, Autograph, and became a board member. Later, he released his own Ethereum-based NFTs via the platform. Seven NFT pieces were auctioned on OpenSea, with six featuring footage from the *Blinding Lights* music video, and the last depicting The Weekend on the cover of *Billboard*.
Additionally, The Weekend has invested in Everyrealm, a company creating virtual NFT land in the metaverse. It has also developed NFTs for platforms like The Sandbox and Decentraland.
O Binanceu
Binance is the world’s leading crypto exchange by trade volume and is known for its fast transaction processing. Founded in 2017, Binance is registered in the Cayman Islands. While the platform has seen great success, it has faced regulatory challenges in various countries, including the USA and the UK. These challenges have mainly revolved around tax issues and money laundering, and the company was forced to relocate its headquarters from China due to the government’s crackdown on cryptocurrencies.
Besides offering a crypto exchange service, Binance also provides a crypto wallet for its customers to store their digital assets. Additionally, Binance operates Binance Academy, a comprehensive platform offering educational resources on cryptocurrencies. Not a Binance customer yet? Don’t miss out. Try Binance today!