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Steve Sax is a former Major League Baseball player and Coach who has entered the world of non-fungible (NFT) tokens to honor his son’s memory and raise money for a good cause.
On June 8, 2023 tragedy struck when Sax’s son Captain John J. Sax lost his life during a training incident in Southern California’s desert. Steve Sax established, along with his family, the Captain John J. Sax Fund to honour his son and honor his aviation passion. The Foundation’s goal is to help those who want to continue their education and explore the world of flight.
Sax chose to transform the “Babe and the KidsPainting into a NFT to sell Sax was attracted to this artwork created over eight years by Opie Otterstadt, which he purchased in 2008.
It features baseball greats including George Herman “Babe” Ruth is regarded as the best player in MLB history. His career spanned over 22 years, from 1914 until 1935.
Foundation made available 200 NFTs of which only 150 were for sale. Each NFT costs $15,000 and gives holders the right to determine the distribution of scholarships, grants, etc. that the foundation facilitates.
Sax’s initiative fits into a larger trend that leverages NFTs in support of charitable efforts. Macy’s will launch its charitable initiative in January 2023. contributed Big Brothers Big Sisters of America received $4.8 million, a substantial portion of which was derived from NFT sales.
In 2022 Terrence Floyd will collaborate with Confront Art in order to create 9,000 NFTs that honor the memory of Terrence’s brother. George FloydAnd advocating justice. Each NFT paid tribute to the black lives that were lost in America to gun violence, and to police brutality.
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Source: blog.cryptoflies.com