Crypto's Power to Unite 580 Million People, Not Divide Them

Welcome to The Giving Block's weekly newsletter highlighting the role of crypto philanthropy in today's charitable giving landscape. Each week, we share stories at the intersection of web3 and social impact, plus modern fundraising resources, donor giving guides, and much more. To receive this newsletter via email, subscribe here.

For this this week’s top story, we highlight how crypto has united 580 Million people worldwide.

While crypto has been called “battleground issue” for the 2024 US Presidential election, it can also bridge ideological divides.

New research from The Harris Poll found that "crypto-positive voters" in swing states were evenly split between Republicans and Democrats. It also found that crypto’s “innovation” and “accessibility” resonated with people from both sides of the US political aisle.

Across the globe, crypto has been praised for empowering people to control their wealth and access financial tools once out of reach.

Today, Web3 companies (including Stellar Development Foundation , Circle and many more) are driving social impact by delivering humanitarian aid and fostering financial inclusion—vital for many of the 1.7 Billion "unbanked" adults excluded from traditional financial systems.

Crypto’s steady growth to 580 Million users reflects the excitement around increased financial access and empowerment that this technology offers—in the US and worldwide.

You can learn about the many ways crypto is bringing people together, not apart, at the Onchain Giving Summit (presented by Endaoment).

?? Join Pat Duffy, Co-Founder of The Giving Block, for his Friday, August 16th keynote, "Why Web3 is a Unifying Force, Not a Political Battleground." Register for free today!

Resource of the week: what are the pros and cons of accepting anonymous donations?

Anonymous donations are in the spotlight thanks to the rise of giving methods like donor-advised funds and cryptocurrency donations, which collectively deliver billions in revenue to nonprofits annually.

So why do some donors prefer to give anonymously, and why should nonprofits accept anonymous donations?

To discover the key benefits and considerations to weigh, and the top giving methods driving this trend, explore our guide to anonymous donations.

Recent headlines and news

Trending stories about crypto donations, nonprofits, the “crypto for good” movement, web3 adoption and more.

• From Orr Group : While an overwhelming 90% of wealth in the United States is held in non-cash assets, only 14% of nonprofits received non-cash contributions last year, according to a study of 720,576 nonprofits’ 2023 IRS filings. - Read Now
• From CoinDesk : The Brazilian Securities and Exchange Commission (CVM) has approved a Solana-based exchange-traded fund (ETF), the agency disclosed in its central database on Wednesday. - Read Now
• From Decrypt : Ripple , the blockchain company closely related to the XRP Ledger, said on Friday that it has begun testing its stablecoin on the Ethereum mainnet and XRP Ledger. - Read Now
• From CBS News : Michael Bloomberg's Bloomberg Philanthropies announced a $600 Million gift to the endowments of four historically Black medical schools. - Read Now

Impact story: how the Pediatric Cancer Research Foundation uses crypto to change lives

In late 2021, the Pediatric Cancer Research Foundation (PCRF) began accepting cryptocurrency donations.

Since then, the organization’s crypto fundraising momentum grew steadily— receiving crypto donations valued at nearly $200,000 in 2023.

Want to be inspired by the generosity of individual crypto donors and several NFT and Web3 projects? Discover how the Web3 community has elevated crypto donations from something new and novel for PCRF into a core pillar of its overall fundraising strategy.

Quote of the week

“The trend of these digital movements and transformations of technology, very, very, very rarely reversed. They might change, they might take different shapes and they might look like new innovations that come out and then maybe disrupt previous ones. But, at a step back, it’s usually a one way trend, at a high level. So despite the extreme volatility of the industry and asset class…I think it’s here to stay.”?

— Quinn Thompson , Founder and CIO of Lekker Capital , a macro hedge fund

??? Get an investor’s perspective on crypto markets and the future of this asset class on this week’s podcast episode. Watch This Week in Crypto Philanthropy - Episode 12.?

Don’t miss this upcoming event for nonprofits from our friends at Community Boost

You’re invited to the Nonprofit Marketing Summit: Community Rising on August 20-22, presented by our friends at Community Boost !

This 3-day, FREE virtual conference has 75+ sessions designed to help you turn transactions into a community of long-term dedicated supporters. Register for free!

Quick links from The Giving Block?

???? We’re hiring a Full-Stack Developer and Account Manager

?? Get the 2024 Annual Report on Crypto Philanthropy

?? Learn how nonprofits grow with crypto donations

?? Make a tax-deductible donation to a crypto-friendly charity

Meme of the week

Thanks for reading this week’s edition of The Crypto Philanthropist - from The Giving Block. We’re on a mission to make crypto the world’s greatest force for good. Help us by sharing this newsletter to friends or colleagues.

Visit thegivingblock.com to learn about the impact of our crypto fundraising solution for the nonprofit sector. ????