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Software developer sells toilet paper NFTs as a joke, then wipes out $7 million in medical debt

Rainbow Rolls donated 20% of its sales, or $91,000, to New York-based RIP Medical Debt, which then used it to wipe out over $7 million in medical debt by buying debt in bundled portfolios.

Rainbow Rolls launched in October with 10,000 toilet paper NFTs for sale. The limit was later dropped to 1,000 rolls, but the effort still raised $91,000. (Sergei Babenko/Dreamstime/TNS)
Rainbow Rolls launched in October with 10,000 toilet paper NFTs for sale. The limit was later dropped to 1,000 rolls, but the effort still raised $91,000. (Sergei Babenko/Dreamstime/TNS)Read moreSergei Babenko / MCT
    by Natalie Walters, McClatchy-Tribune
    Published