YahooFinance picked up this news story from coindesk.com by Xinyi Luo. Highlights:
"Givepact is a free crypto fundraising platform for nonprofits that funds a community DAO for social impact.
"We want to build a marketplace that allows nonprofits to accept crypto and we convert it into cash and to allow donors to give to our giving the Givepact platform."
We want the DAO (decentralized autonomous organization) to be a training ground 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.
Fully 80% of the transaction fees charged for processing will go to the private for-profit entity, while the following 20% of revenue will go towards a nonprofit entity, a DAO controlled by the donors and the nonprofit partners.
We're creating generations of education of new development and digital folks who understand how to raise money in crypto. "We're facilitating a network that we say it's recreating the layer of good in the metaverse economy.
Source credit and full story - https://www.coindesk.com/layer2/2022/06/08/givepact-builds-free-crypto-fundraising-platform-for-nonprofits/
https://finance.yahoo.com/news/givepact-builds-free-crypto-fundraising-145227423.html
Interesting project. We are trying to build the world's biggest charity organization with Hive crypto and blockchain, LeoFinance and Web3. Will try to contact them and see how we can collaborate.
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That's interesting. I think as non-profits look to the future, crypto has to be in the mix. First, there will donors who want to give in crypto. And second, as non-profits build endowments, crypto is a consideration as a steady return with strong future growth.
Crypto will redefine charity for both donors and beneficiaries. The charities can reward donors with real value with their crypto tokens and not only the charities but donors themselves can build a charity fund with the high yield DeFis investing their initial funds they intended to donate one time & keep donating from the income from DeFis for life.