Filipino Students Created NFTs to Save the Philippine Eagle
Six undergraduate students from various universities in Metro Manila have come together to start a non-fungible token (NFT) project titled, “The Last on Earth Collective,” which aims to raise awareness on critically endangered animals.
The six students are Migs Ibasco, Eli Abella, Ken Diamante, Kobi Vidanes, Manuel Garrido, and Tyrone De Jesus. They study at Ateneo de Manila University, University of the Philippines, and De La Salle University. They want to build a community and a project that would revolutionize the way NFTs are utilized.
Below are images of the NFTs designed by Enzo Tan, a former classmate of Garrido.
"Our art is not the usual art you'd see on SOLANA or other NFT collections, we wanted it to be a little cartoonish but at the same time reflect the attributes and beauty of each animal," Garrido tells Esquire Philippines.
The Five Critically Endangered Animals
The animals featured in the first collection are the Philippine Eagle, Sunda Tiger, African Wild Dog, Cross River Gorilla, and the Sumatran Elephant.
Currently, the main beneficiary of the Last on Earth Collective is the Philippine Eagle Foundation. A portion of the proceeds of each NFT sold will go directly towards the conservation and protection of the Philippine eagle.
Limited NFTs Based on the Current Population of the Animal
There are a total of 5,300 in the collection. The allocation for each NFT represents the current estimated population of the critically endangered animal featured on the NFTs. There are an estimated 400 Philippine eagles left in the world today, which is why only 400 in the collection are available.
- Philippine Eagle: 400 in collection
- Sunda Tiger: 400 in collection
- Cross River Gorilla: 300 in collection
- African Wild Dog: 1400 in collection
- Sumatran Elephant: 2800 in collection
According to Garrido, the price for each NFT is 0.53 SOL.
Not a Fundraiser But a Community Changer
“A common misconception is that our project is a fundraiser, it's not. While our goal is to be able to bring positive change into the world, it's not our only goal,” Garrido tells Esquire Philippines.
“We want to be able to build a community and a project that will last for years to come.”
“By doing this, we can continue to grow, improve our projects and developments, add more benefits for NFT holders, and at the same time be able to help more organizations in the process. This is why 10 percent of proceeds from each NFT will go to the Philippine Eagle Foundation and the rest will be reinvested into the community,” Garrido adds.
Earning Passively Through Last on Earth’s NFTs
Contrary to what most people think, an NFT is more than just an image or JPG that you can easily replicate or copy. Purchasing an NFT can be compared to an actual physical painting wherein if you hold it, it has value.
There are also more benefits when owning certain NFTs called “utilities”. For the Last on Earth Collection, NFT holders have a chance to earn passively. This is made possible by returning 100 percent of royalties divided to each NFT holder every month.
Another utility present in the project is the establishment of a Decentralized Autonomous Organization (DAO) Treasury of 250 Solana—estimated to be worth around $27,000—which will be at the complete use, management, and disposal of the NFT holders in which they can reinvest, divide among themselves, or whatever they vote to do with the treasury.
Last on Earth Collective NFTs Launch Date
The Last on Earth Collective will be launching on February 14, 2022, available to purchase for the price of 0.53SOL (SOLANA).
For more information about the Last on Earth Collective, visit www.lastonearthcollective.com or follow them on Twitter at @LastOnEarthNFT. You may also join their Discord at https://discord.com/invite/lastonearthcollective.