American Cancer Society Creates Its First Crypto Only Donation Fund
The American Cancer Society has set up a fund for crypto donations so the nonprofit can raise at least $1 million by early 2021. Together with The Giving Block, the U.S.-based voluntary health organization expects to collect funds via several cryptocurrencies. Donations to Fund Cancer-Related Research Plummeted 50% in 2020 According to the announcement, the cancer crypto fund seeks to provide funding to ongoing research initiatives. The move happens within the context of a strong decrease in donations over 2020 amid the COVID-19 pandemic. The American Cancer Society says the....
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The American Cancer Society and The Giving Block have created a new research fund that accepts crypto donations. In collaboration with crypto donations company The Giving Block, the American Cancer Society has set up the Cancer Crypto Fund, which seeks to raise at least $1 million by early 2021 to fund ongoing research initiatives. Donations to fund cancer research plunged 50% in 2020, reaching the lowest this century, according to the American Cancer Society. The sharp drop-off was attributed to the economic impact of COVID-19. According to the American Cancer Society:“The crypto....
The first cryptocurrency donor to contribute $250,000 or over will have the opportunity to choose a name for the fund
Organizations are partnering with NFT projects and accepting crypto donations to draw attention to Breast Cancer Awareness Month. The hype around nonfungible tokens (NFTs) may be fading, yet a number of organizations continue to implement Web3 initiatives. Nonprofit organizations and activists, in particular, have begun implementing nonfungible token projects to help fundraise and generate awareness for certain causes. While these methods are still new, NFT projects for philanthropy have been met with relative success. A recent report from crypto donation platform The Giving Block found....
The amount of crypto donations through The Giving Block surged to $100 million this year from $4 million in 2020. 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....
The bitcoin community is notoriously generous, and donations to cancer research are no exception. Isaac Yonemoto, a PhD scientist in chemistry and biophysics, is trying to raise money to complete work on a promising cancer fighting compound called 9DS in an initiative called Project Marilyn. Yonemoto told CoinDesk: "I'm raising money to finish preclinical experiments on the anticancer compound 9DS. Research on this compound has been abandoned twice, so third time's the charm." Although it is still in the preclinical stage, according to the Project Marilyn website, 9DS has potential as an....