Argentine Freemasons want to put NFTs in charity work

Argentina’s Grand Lodge of Free and Accepted Masons is jumping into intangible tokens (NFTs), but with a philanthropic twist. The secret society is releasing 77 digital art NFTs in the name of CryptoMasons, with profits going back to local charities supported by the chapter.

According to the announcement, it is the first official NFT project sponsored by a local Grand Lodge. A Masonic Grand Lodge is the governing body of a group of fraternal Freemasons dedicated to a particular region. While this project is from the Argentina branch, there are hundreds of them around the world.

The collection contains mystical images associated with Masonic history and mythology, such as black and white checkered floors and the famous square and compass symbol. Even the unique number of 77 NFTs corresponds to the meaning of the number in occult traditions and spirituality.

Behind this collection are the lodge’s philanthropic aims, giving a portion of the proceeds to local charities. The collection’s website says the organization is using the collection in part to “enhance philanthropy at an unprecedented level in the institution’s history.”

Related: The New Frontier of Philanthropy: How Web3 Can Democratize Donations.

This is another collection of NFT using Web3 technology and service for charity. Digital assets are used for everything from raising money for victims of the conflict in Ukraine to supporting small donations for classical music.

Profits from the sale of CryptoMason NFTs will go to a local orphanage, a professional development center for youth, and an immigration rights center in Argentina.

This development coming out of Argentina comes as the country continues its crypto adoption. In the year On August 24, the country’s Mendoza state began accepting crypto for tax and administrative payments. A month ago, Binance and Mastercard announced the launch of prepaid crypto cards in Argentina.

According to Triple-A survey data, 5.18% of Argentina’s population owns some form of cryptocurrency, more than 2.4 million people.