![Web3 Organization Teddy DAO Raises Money Through Daily NFT Auctions Web3 Organization Teddy DAO Raises Money Through Daily NFT Auctions](https://btcusa.com/wp-content/uploads/2023/06/Web3-Organization-Teddy-DAO-Raises-Money-Through-Daily-NFT-Auctions-678x381.png)
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David Chapman, founder of Teddy DAO, told CoinDesk that the project was inspired by an NFT sale he conducted last year, where he sold a one-of-one collectible and raised $15,000 for humanitarian aid organization UNICEF. He noted that this event not only highlighted the demand for NFT-backed charity donations but also indicated that the method could be used to onboard people new to Web3.
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