RxSeedCoin.io is a for-profit Blockchain business

RxSeedCoin.io: Fort Washington, MD

December 24, 2021, Rx SeedCoin, Inc. an advanced Blockchain technology business that strives to uplift humanity, and provides solutions for pressing problems facing the world today have teamed up with their partner Ammbr.com and featured artist Randy Friemel, to announce the first-ever, history-making sale of NFT artwork on the Blockchain that is related to the Bible.

Artwork, including some Christmas themes that will be hosted on their website RxSeedCoin.io, under NFTs, will also help benefit victims of the December 2021 tornadoes The tornadoes devastated several states, including Tennessee and Kentucky, with the loss of countless lives and severe damage happening right before the Christmas holidays.

What is an NFT, in the art world? An NFT, or non-fungible token, is a unique digital representation of a good — for our purposes, a work of art. It’s akin to a certificate of authenticity or a deed and it’s recorded on a blockchain (more on that momentarily). Typically (forget art for a minute), an NFT represents something in digital form that you might not previously have thought of as a good: Jack Dorsey’s first tweet, for instance, or a clip of TV footage from a basketball game, or a pixelated cartoon ape in the form of a jpeg.

You’ve heard of Bored Apes and CryptoPunks? These rudimentary digital illustrations were minted as NFTs, released in batches of 10,000, then traded as collectibles.

A blockchain is a digital database, most often in the form of a public ledger. It stores information across a network of computers. Transactions on a blockchain can be verified without the need for any central authority, like banks or governments, and are supposed to be impossible to change, hack, or corrupt. Each transaction is time-stamped and added to a growing chain of blocks of data.

Creating an NFT does two things: It provides proof of ownership and guarantees scarcity. The scarcity is really the key part. If you want to sell something that exists only digitally, the problem is that all things digital can be infinitely copied. NFTs don’t stop the copying. But they allow you to distinguish the copies from this one, notional “original.” And they prove, through the ledger, that you own it. Until, of course, you sell it. And that’s the real point. By minting something as an NFT, you’re creating a commodity.

David Miller, a founder of RxSeedCoin.io (and the cryptocurrency of compassion WSOW) said “In the NFT and Blockchain world, being first to market with a specific theme of artwork creates value in the NFTs. There are a lot of themes for artwork out there: from pets to abstract art and some fantastic work and artists. We thought that artwork related to the Bible, and more specifically, God and Jesus Christ were long overdue in the world of NFT Artwork.”

“While we were in the process of identifying artists, artwork, and even having some artwork created for the project, the tornadoes hit Kentucky and our nearby offices in Nashville, Tennessee where our responders immediately began relief efforts. Because of the suffering our team observed, we decided to reschedule our Bible NFT artwork release date from 2022 to the Christmas holidays in 2021 so that we could take some of the proceeds from the sales of the works and use them to help victims. Because we sped up the project, we are doing things a bit different and hosting the NFT sales on our technology partner Ammbr’s NFT exchange instead of on our own that Ammbr is building for us.”

Jeff Richfield, a co-founder of RxSeedCoin.io, said “The NFT business model that we have decided to launch in this current Bible NFT artwork is designed to attract the most talented artists and to reward them for helping with some of the most pressing problems of the world. Unlike other NFT exchanges, we select what will be offered on our exchange and help pay for the promotions of the artwork and the artists in a value proposition where the artist agrees to take payment of 1/3 of proceeds from his artwork and allow us to use 1/3 to help people in need or for some philanthropic purpose that we all agree upon. In our model, the remaining 1/3 is given to our NFT exchange business itself in order to ‘pay-it-forward’ by helping to pay for the costs of operating the exchange including RxSeedCoin.io’s overall relief efforts and the distribution of the relief for each NFT, as well as, to help cover the costs for all events, marketing, and promotion of the artist, the artwork and the cause where support is needed.”

Any person interested in buying a first-ever Bible NFT to help tornado victims, please go to RxSeedCoin.io and click on the “NFTs” menu item.

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