Trading NFTs for the Greater Good With the Savvy Salamander Study Club (SSSC)
The Savvy Salamander Study Club (SSSC) is proud to present the first ever NFT family at INSEAD!
In true INSEAD fashion, five visionary INSEAD MBA members came together to develop a members-only club that bridges INSEAD's network of cypto traders from around the world, to redefine fundraising and how the future of technology can be used for bringing about the greater good.
With 100% of net NFT sales going towards scholarships to help educate the next generation of INSEAD leaders and further support the SSSC to continue in its effort to raise good, what better way is there to be a part of the pioneering crypto community about to reshape the future of blockchain?
If you're not sure what an NFT is, Non-Fungible Tokens (NFTs) are digital assets that link ownership to unique physical or digital items, such as works of art, real estate, music, or videos.
NFTs can be considered modern-day collectibles – and their market is fast burgeoning. With a valuation of $69.3m, the third-most expensive work from a living artist ever sold is an NFT.
For organisations such as INSEAD, this opens up new fundraising avenues. As an example of this, in 2021, during the Robin Hood campaign, MBA students Ferdinand Issels, Michelle Yu, Jack Ni and Rodrigo Perez from the INSEAD MBA'22J class managed to raise nearly 3,000 USD in an NFT auction.
In line with INSEAD’s mission to be a pioneer in management education and be a force for good, INSEAD decided to partner with the Robin Hood team with the objective of following the successful Robin Hood experiment and developed one of the first official non-fungible token (NFT) collections at a business school worldwide.
You may be asking yourself a few why's by now. Here we've broken it down to the key reasons we hold true:
- Our mission is to do good. The sale of all net proceeds will go towards supporting various INSEAD scholarships and further enhancing the INSEAD digital family to continue to innovate and bring about greater good.
- We want to walk the talk.
INSEAD is teaching us about the potential of technologies to transform business and society. NFTs, and the crypto infrastructure they build on, could transform finance and beyond.By minting and selling our own NFTs, students, faculty and staff involved in the project can experience this first-hand, and this includes the Legal, Finance, Advancement, Alumni Relations, and Deputy Dean Office. The INSEAD alumni community and would-be bidders will need to dive into the world of cryptocurrencies and blockchains, too.
- We are pioneers in the field.
This initiative is a unique opportunity to showcase INSEAD’s entrepreneurial spirit and digital edge.The Robin Hood NFT was featured across various media such as BusinessBecause and Cointelegraph and some of the largest crypto blogs on the internet today.
- We want to build an INSEAD digital family. Inspired by world’s most famous NFT collection - “Bored Ape Yacht Club”- and INSEAD’s magical emblem creature, the Savvy Salamander Study Club (SSSC) is a unique family of Salamanders at the intersection of fundraising, community building and education. While tapping into the style of the world’s most successful generative digital art projects, it adds a completely new spin to the utility and purpose in the NFT universe.
To learn more about our vision and answer more of your questions, we invite you to come pay our new website a visit here to participate in the upcoming online auction starting on 31 March 2022 and the follow up-drops.
This post is brought to you in collaboration with: Ferdinand Issels, Jack Ni, Michelle Yu, and Joning Lee from the INSEAD MBA'22J class.