Nestle Rolls Out First NFTs in the Middle East & North Africa for a Humanitarian Cause

BlockchainNestle Rolls Out First NFTs in the Middle East...


Nestle, a Swiss multinational food and drink processing conglomerate, has launched an exclusive limited series of two non-fungible tokens (NFTs) called TRIX Globe for a charitable cause in the Middle East & North Africa (MENA).

To commemorate the rollout of the TRIX Breakfast Cereal brand in MENA, Nestle released the NFTs on Opensea.io, with bidding running from March 18 to May 13. The proceeds will go to charity. 

Emilien Mesquida, the Business Executive Officer Cereal Partners Worldwide, Middle East & North Africa, said:

“In line with our promise for ‘Better Lives’, we are proud to launch the first blockchain-based initiative in the region aimed towards a humanitarian cause with full proceeds of the TRIX NFTs auction going to the Emirates Red Crescent.”

With TRIX being a heritage breakfast cereal brand intended to ‘put the fun back into breakfast,’ Nestle wants to become more innovative by incorporating NFTs.

Bahaa Boulmona, the Brand Manager Cereal Partners Worldwide, Middle East & North Africa, noted:

“We are excited to announce that TRIX® is the first and only breakfast cereal brand in the world to have launched its own NFT series – showcasing how daring and adaptable our brands are.” 

Despite NFTs being relatively new in the crypto space, it continues to take the world by storm based on the substantial trading volume and adoption witnessed.

For instance, market insight provider IntoTheBlock recently pointed out that the total volume traded by NFTs recently surpassed 18 million ETH, with the aggregate value topping $54 billion. 

Furthermore, the NFT trading volume grew exponentially from the start of the year, rising by more than 220%.

Therefore, more brands are jumping on the NFT bandwagon, for instance, South Korean auto giant Hyundai Motor became the first automaker to offer community-based non-fungible tokens. 

Image source: Shutterstock



Learn more

Latest news

Cardano Creator Claims Ethereum Would Have Been Better Off with “Snow White”

Alex Dovbnya The “Snow White” consensus solution would have allowed Ethereum to move to proof-of-stake at a much faster...

Canadian Digital Asset Brokerages Coinsquare and CoinSmart to Merge

At closing, CoinSmart is set to receive $2.2 million (CAD $3 million) in cash along with the issuance...

Shiba Inu Fashion Event Coming to Italy

Alex Dovbnya The special Shiba Inu-inspired event will be showcased in the coming days, according to John Richmond Italian...

Elon Musk opening up Starlink in Iran

SpaceX founder Elon Musk appeared to confirm Friday that he will make Starlink available in Iran. Musk replied “Activating Starlink...

Mike Novogratz Says Case for Bitcoin Is “Playing Out Every Day” As Price Plunges

Alex Dovbnya Mike Novogratz continues to see a strong bullish case for Bitcoin as many fiat currencies keep losing...

Must read

Cardano Creator Claims Ethereum Would Have Been Better Off with “Snow White”

Alex Dovbnya The “Snow White” consensus solution would have...

Canadian Digital Asset Brokerages Coinsquare and CoinSmart to Merge

At closing, CoinSmart is set to receive $2.2...

Shiba Inu Fashion Event Coming to Italy

Alex Dovbnya The special Shiba Inu-inspired event will be...

You might also likeRELATED
Recommended to you