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- May 2021Noora Health, a nonprofit I've
- supported for years, just launched
- a new NFT. It has a dramatic name, Save Thousands of Lives,
- because that's what the proceeds will do.Noora has been saving lives for 7 years. They run programs in
- hospitals in South Asia to teach new mothers how to take care of
- their babies once they get home. They're in 165 hospitals now. And
- because they know the numbers before and after they start at a new
- hospital, they can measure the impact they have. It is massive.
- For every 1000 live births, they save 9 babies.This number comes from a study
- of 133,733 families at 28 different
- hospitals that Noora conducted in collaboration with the Better
- Birth team at Ariadne Labs, a joint center for health systems
- innovation at Brigham and Womens Hospital and Harvard T.H. Chan
- School of Public Health.Noora is so effective that even if you measure their costs in the
- most conservative way, by dividing their entire budget by the number
- of lives saved, the cost of saving a life is the lowest I've seen.
- $1,235.For this NFT, they're going to issue a public report tracking how
- this specific tranche of money is spent, and estimating the number
- of lives saved as a result.NFTs are a new territory, and this way of using them is especially
- new, but I'm excited about its potential. And I'm excited to see
- what happens with this particular auction, because unlike an NFT
- representing something that has already happened,
- this NFT gets better as the price gets higher.The reserve price was about $2.5 million, because that's what it
- takes for the name to be accurate: that's what it costs to save
- 2000 lives. But the higher the price of this NFT goes, the more
- lives will be saved. What a sentence to be able to write.
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