StockX, the online "stock market of things" for high-demand consumer products, has announced the launch of StockX Charity IPOs, a charity initiative aimed at partnering with the world's biggest celebrities for the world's most important causes.
"After testing three successful charity campaigns which raised almost $700,000 in 2017, we realized StockX is in a unique position to leverage our platform to make a positive impact," said Josh Luber, CEO and co-founder of StockX. "With the launch of Charity IPOs we can turn one-of-a-kind and highly sought after celebrity products into real dollars that directly help those in need."
Wu-Tang Clan is the first celebrity group to partner with StockX for a Charity IPO under the codename C.R.E.A.M. (Charity Rules Everyone Around Me). Funds raised will directly benefit the Wu-Tang Foundation, which supports children from marginalized and neglected areas.
"Working with StockX makes perfect sense because they have been doing great work in the celebrity charity space for a while," says Oliver "Power" Grant, Co-Director, Wu-Tang Foundation. "A joint venture like this has the potential to positively expand the foundation's efforts and reach in communities."
On Tuesday, March 13, fans who make a $10 donation on StockX to support C.R.E.A.M. will have the chance to win autographed clothing and accessories from RZA, GZA, Raekwon, Method Man, Ghostface Killah, DJ Mathematics, Inspectah Deck, Masta Killa and U-God.
"After working in this space for over 15 years, it was exciting to find a consumer marketplace that wanted to make social impact a core part of its mission, and made Wu-Tang the perfect kickoff partner," said Jodie Blum, recently named Philanthropic Director for StockX.
StockX Charity IPOs are aimed at raising funds for nonprofit organizations by partnering with celebrities and brands to list rare and exclusive products on the StockX platform. Products will be available across all StockX categories, including sneakers, streetwear, watches, handbags and more, and will benefit favorite charities of the celebrity and brand partners.
Wu-Tang Charity IPO Prizes Include:
" Raekwon: Polo Ralph Lauren Snow Beach Hat and Poncho, Signed from "Can It Be All So Simple" video
" Method Man: x Adidas Forum Mid x Def Jam 25th Anniversary Collaboration Sneaker, Signed
" Ghostface Killah: Worn and signed Wu-Wear Hoodie, and Cherchez La Ghost Hoodie, Signed
" DJ Mathematics: Traktor Z2 Mixer from Show, Signed
" Inspectah Deck: Wu-Wear Wu-Tang Clan #36 Baseball Jersey, Signed
" Masta Killa: Clarks Wallabees worn on stage and Signed Shoebox
" U-God: Worn Jacket from the Wu-Tang Clan/Rage Against the Machine Tour signed, Wu-Wear football jersey signed, and pre-release and autographed copy of Raw: My Journey Into the Wu-Tang
" GZA: Autographed Brazil National Team 2012 Home Soccer Jersey worn on stage at GZA's inaugural performance in Brazil
" Wu-Tang Clan: Original Black Basketball Jersey and Matching Shorts, 1 of only 6 Wu-Wear Stash
How it Works:
The StockX and Wu-Tang Foundation Charity IPO runs from 12:00 p.m. EDT on Tuesday, March 13, through 11:59 p.m. EDT on Friday, March 16, 2018. To donate, visit stockx.com/charity/wu-tang. Make one or multiple $10 donation(s) for a chance to win. You can earn additional entries to win for every friend that you refer who also makes a donation (in any amount). StockX will randomly draw a total of eight winners, who will be able to select, in order, a prize of their choosing.
100% of net proceeds raised from donations will directly benefit the Wu-Tang Foundation.
Anyone can donate, but only residents of the United States who are 18 years or older are eligible to win.
See the full rules and eligibility requirements at stockx.com/charity/wu-tang
For additional information on StockX, visit stockx.com