In a July 2022 blog, the Commission’s Assistant Director of Policy Sam Jackson said that crypto could become a “more mainstream route to investing, trading, and moving assets,” citing fundraising successes using digital assets in Ukraine, and the U.K.’s own goal to become a crypto hub. Source
Organizations are using cryptocurrencies – borderless by nature – to get international aid into Turkey. Source
Just as Art Basel has expanded beyond its initial gallery showcases in Switzerland, where the international art fair was conceived, the pursuit of longer and more fulfilling lives has grown from the subject of science fiction novels to real, viable science. Now the evolution of art is being leveraged as the Longevity Science Foundation’s partnership with Triptych and digital artist Nikita Replyanski leveled up during Art Basel in Miami Beach. The partnership to launch a collection of nonfungible tokens (NFTs) was announced during the summer. Longevity Volumes” will help fund…
“We want the DAO (decentralized autonomous organization) to be a training grounds for the nonprofit industry to learn how Web 3 works, how governance of a DAO works, how buying [non-fungible tokens] works, how buying and staking Ethereum works,” Givepact co-founder Steven Aguiar said, “so they can take those skills back to their nonprofits and figure out how do they implement a Web 3 strategy for their own organization internally.” Source
With the market capitalization of digital currencies surpassing $2 trillion, there is now record interest in crypto philanthropy. From helping to build a school in Uganda to fundraising for frontline healthcare workers and raising awareness for artists with intellectual disabilities, many nonprofit projects are gaining traction with generous assistance from crypto enthusiasts. But the rewards of giving crypto to charities aren’t limited to the feeling of having accomplished an altruistic task. The Internal Revenue Service currently classifies crypto as capital assets, like stocks. That means an investor can deduct the full market value…
Nonfungible tokens, or NFTs, are certificates of ownership representing digital artwork, music, videos, audio, memorabilia and more. They have rapidly gained in popularity over the past year for their ability to enable everyday artists to create and sell content. In fact, OpenSea, the world’s biggest NFT marketplace, recently surpassed $1.6 billion in monthly trading volume alone. Like physical artwork, NFTs can also be auctioned for charity purposes or donated to nonprofit groups with generous tax deductions. From funding the construction of a school in Uganda to helping frontline healthcare workers, nonprofit…
Blockchain-based nonprofit organization Endaoment has raised more than $7 million for charities in its first year of operations, marking another major milestone for the rapidly growing cryptocurrency donations industry. Endaoment’s donor-advised funds, or DAFs, have been distributed to more than 100 nonprofits over the past year, the company announced Thursday. Endaoment said it has distributed roughly 60% of donated funds over that period, which is considerably higher than the average of around 22% for traditional DAFs. Endaoment president and CEO Robbie Heeger credited the efficiency of on-chain technology as well…
The Stellar Development Foundation is matching donations in Lumens (XLM) made to six non-profits during April, including the Tor Project — the team behind ‘The Onion Router’ anonymizing browser. Donations will be matched up to a total of 1.9 million XLM (roughly $79,300), with the foundation launching the initiative by donating 100,000 XLM ($4,200) to each of the charities Stellar to match donations to Tor Project On April 4, the Tor Project announced that the Stellar Development Foundation had pledged to match all XLM donations on a 1:1 basis this month.…
On the eve of the Zcash Foundation’s first major gathering, cryptocurrency aficionados worldwide are watching to see if the year-old non-profit can rehabilitate a long-maligned model of governance. Earlier this month, dozens of privacy tech fans from across the ecosystem, from lawyers to monero community veteran Justin Ehrenhofer, joined the foundation’s online forum to vote for two new additions to the board of directors by the Monday deadline. The election will bring the total number of board members up to five, in addition to one elected runner-up in case any member…