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You are here: Home / Technology / Conducting a phygital NFT auction
Oct 04

Conducting a phygital NFT auction

Sherry Truhlar

If you work for a nonprofit and an NFT is donated to your charity for the annual auction gala, you might find this video of interest.

Back in May 2022, I was part of a “first.” According to its organizers, the event I share in this video was the first — or certainly one of the first – phygital NFT auctions in the world. (Phygital = physical + digital)

I am not a Web3 or NFT expert. This becomes abundantly clear as I stumble through describing basic NFT terms. Nonetheless, I hope this gives a typical auction gala chair a sense of the event and my role in it.

Should your charity receive a donation of an NFT, perhaps you’ll now have a better sense of what that means and how some have been auctioned.

 

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About Sherry Truhlar

Fundraising auctioneer and educator, helping schools and nonprofits plan more profitable benefit auctions. A prolific writer for her own blog and other fundraising sites, she’s been covered in The Beacon-News, Town & Country Magazine, The Washington Post Magazine, Northern Virginia Magazine, Wiley's Special Events Galore!, AUCTIONEER, and other publications.

What to include in your auction item description
Auction galas are team sports; not solo competitions

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