The initiative by the Council is to help poor people improve their lifestyles through NFTs awarded by LifesDAO, a local organization working towards the development of Web3 in the country.
The NFTs can be accessed by both the owner and their family to connect with 100+ merchants present in the LifesDAO network; these merchants provide services to the members of the DAO.
The distribution of the NFTs will span over 10 years. The first program will give people access to social programs; these digital collectibles are known to be worth $6,000.
“LifesDAO NFTs are designed to grant its holders lifetime access to lifestyle services from participating merchant outlets in Singapore,” co-founder of LifesDAO Pulse Tan said.
“Our clients found the network of services relevant and meaningful, and we saw strong support to continue utilizing these services…” said Vivien Yeo, community manager of Filos Community Services.