Blockchain Association Singapore in Partnership with

Blockchain Association Singapore in Partnership with

SINGAPORE, May 11, 2022– Blockchain Association Singapore (BAS) today announced a strategic partnership with, through the signing of a MoU.

Through this strategic partnership, BAS and will collaborate to advance both parties’ work in the Non-Fungible Token (NFT) ecosystem.

BAS and will also seek to leverage each other’s network and expertise to facilitate wider understanding of the constantly evolving NFT landscape, while fostering wider collaboration in this space.

As part of the strategic partnership, will power the second edition of the NFT charity auction event, Blockchain for Good, an initiative launched by the NTUC-U Care Fund and BAS to raise funds for various assistance programmes.

Their programmes include supporting the cost of living for families in need, school expenses for under-resourced youth, as well as elder care.

Last year, more than S$400,000 was raised through the initiative, exceeding the original target of S$250,000. All donations raised will go towards supporting various U Care Fund assistance programmes. 

Advocacy of NFTs

The auction, available to participants in Singapore, will take place in July 2022 using’s NFT marketplace.

“We are honoured to collaborate with for the advancement and advocacy of NFTs,” says Mr Chia Hock Lai, Co-Chairman of BAS.

The influence and prominence of NFTs continues to increase significantly, particularly across Asia. A recent poll conducted across 20 countries found that the highest NFT adoption rates were in Asia.

The study found that the Philippines has the largest proportion of NFT owners (32%), followed by Thailand (27%), Malaysia (24%), UAE (23%) and Vietnam (17%).

“The acceptance and trend towards NFT ownership has been in the ascendancy in recent years and we expect this to continue. BAS is committed to further educating the public on this emerging technology jointly with

“We are excited to partner with BAS to not only advance NFTs in the market, but to also further harness the positive impact NFTs and the entire crypto ecosystem can have in our communities,” says Eric Anziani, Chief Operating Officer at

“By partnering with BAS on this important initiative, we will be able to maximize our efforts while also continuing to build this technology for a highly engaged regional population.”   

NTUC Assistant Director-General Zainal Sapari, who oversees the NTUC-U Care Fund, says “We are thrilled to collaborate with BAS once again as part of our fundraising efforts to help lower-income members and their families.

“It is our second year doing an NFT charity auction, this time with’s domain expertise. Amidst a vibrant NFT marketplace that has grown by leaps and bounds in the past year, I hope more corporates and individuals will come on board to give their support towards this fundraising effort for a worthy cause.”

Blockchain Association Singapore

BAS was established to facilitate collaboration between market participants and stakeholders in the Blockchain ecosystem.

The association is an effective platform for members to engage with multiple stakeholders to find solutions to issues and to promote best practices in a collaborative, open, and transparent manner.

Blockchain For Good is taking place as part of Singapore Blockchain Week 2022. The hybrid event will provide unique in-person and digital engagements for participants and attendees.

The anchor summit, including speaking engagements and exhibitions, will be held on July 26 and 27. BAS will also coordinate a series of other accredited events, such as hackathons on July 25 and an innovation lab crawl, career fair, workshop and other joint events on July 28 and 29. Supported by Singapore’s leading government agencies, industry leaders from across the world will converge for Singapore’s premier blockchain event.  /PRNewswire/