http://paulgraham.com/nft.html
bg image(https://sep.yimg.com/ca/I/paulgraham_2271_0)
[quotes-1] * [paulgraham_2271_3232]
An NFT That Saves Lives
Noora Health, a nonprofit I've supported for years, just
launched a new NFT. It has a dramatic name, Save Thousands of
Lives, because that's what the proceeds will do.
Noora has been saving lives for 7 years. They run programs in
hospitals in South Asia to teach new mothers how to take care
of their babies once they get home. They're in 165 hospitals
now. And because they know the numbers before and after they
start at a new hospital, they can measure the impact they
have. It is massive. For every 1000 live births, they save 9
babies.
This number comes from a study of 133,733 families at 28
different hospitals that Noora conducted in collaboration with
the Better Birth team at Ariadne Labs, a joint center for
health systems innovation at Brigham and Women s Hospital and
Harvard T.H. Chan School of Public Health.
Noora is so effective that even if you measure their costs in
the most conservative way, by dividing their entire budget by
the number of lives saved, the cost of saving a life is the
lowest I've seen. $1,235.
For this NFT, they're going to issue a public report tracking
how this specific tranche of money is spent, and estimating
the number of lives saved as a result.
NFTs are a new territory, and this way of using them is
especially new, but I'm excited about its potential. And I'm
excited to see what happens with this particular auction,
because unlike an NFT representing something that has already
happened, this NFT gets better as the price gets higher.
The reserve price was about $2.5 million, because that's what
it takes for the name to be accurate: that's what it costs to
save 2000 lives. But the higher the price of this NFT goes,
the more lives will be saved. What a sentence to be able to
write.
--------------------------------------------------------------