WASHINGTON, Sept. 20, 2021 /PRNewswire/ — The Giving Block, the main crypto donation answer for nonprofit organizations and particular person donors, introduced it’s on tempo to course of over $100M in cryptocurrency donations in 2021 and initiatives $1B in cryptocurrency donations to be processed in 2022, with quite a lot of main partnerships set to go stay beginning in This fall forward of Giving Season.
The Giving Block is devoted to unlocking the complete philanthropic influence of crypto by empowering nonprofit organizations to securely and compliantly settle for cryptocurrency donations, and enabling people to simply give crypto to their favourite charities worldwide. The Giving Block helps donations in Bitcoin, Ethereum, and over 40 extra widespread cryptocurrencies, and actively companions with main crypto firms, NFT initiatives, and conventional establishments to deliver their charitable initiatives to life.
Crypto Philanthropy is Taking Off…Like a Rocket Ship
Whereas DeFi and NFTs have stolen the highlight, crypto philanthropy is quietly having a second in 2021 and The Giving Block has led the cost:
- 1000% improve in particular person cryptocurrency donations in 2021: The Giving Block has processed over 10,000 donations to-date from people, crypto initiatives, and different organizations.
- Over 90% of nonprofit organizations that settle for cryptocurrency donations use The Giving Block: Crypto giving at 500+ charities, foundations, universities, faith-based, and institutional organizations is now powered by The Giving Block.
- Nonprofit organizations utilizing The Giving Block have raised a median of $50k+ in cryptocurrency donations in 2021: Extra nonprofit organizations than ever have added cryptocurrency donations to diversify their fundraising choices and are seeing sturdy progress this yr.
The Giving Block’s Co-Founder, Pat Duffy, commented, “After we began The Giving Block in 2018, donating crypto was new and there was restricted infrastructure to assist it. At present, ‘crypto merchants’ are the quickest rising donor demographic and the variety of main nonprofit organizations that settle for cryptocurrency donations has skyrocketed. We see a future the place cryptocurrency donations are a staple of each nonprofit group’s fundraising technique.”
Investing in Expertise, Development, and Tradition
In 2021, The Giving Block crew has grown from 6 to 30 staff, together with the current hirings of trade veterans Ben Pousty (Constancy, Circle, Paxos, Bitstamp) as Head of Development and Duke Kim (Bloomberg, Lukka, Celsius) as Head of Crypto Partnerships. It’s persevering with to broaden its crew additional, with goals to exceed 40 employees by the end of the year.
“We’re excited to develop our crew to assist meet the wants of modern-day fundraisers. Nonprofits are accepting crypto donations at a speedy tempo as a way to fill finances shortfalls from COVID and diversify their donor bases,” stated Alex Wilson, The Giving Block’s co-founder. “As we broaden, we may even proceed to teach the cryptocurrency neighborhood about how donating crypto is without doubt one of the most effective methods to scale back their taxable beneficial properties whereas additionally supporting their favourite causes.”
With enthusiasm and assist for crypto philanthropy rising every month, The Giving Block anticipates a standout finish of yr efficiency by nonprofits accepting crypto donations, and is optimistic in its 2022 outlook.
About The Giving Block
The Giving Block makes Bitcoin and different cryptocurrency fundraising simple for nonprofits. Empowering mission-driven organizations, charities, universities, and faith-based organizations of all sizes to leverage crypto expertise to attain their mission. Uncover why cryptocurrency is the quickest rising donation methodology for Millennial and Gen-Z donors, at TheGivingBlock.com.
SOURCE The Giving Block