Episode 250
284: The Case for Crypto Donations - The Giving Block
Using the Whole Whale - A Nonprofit Podcast
February 3, 202253m 0s
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Show Notes
A lively discussion with Pat Duffy, the co-founder of The Giving Block about where crypto philanthropy is and important lessons from 2021. Is it time for your nonprofit to start accepting cryptocurrency? What are the questions and issues that might come up? We discuss the topic in depth.
Data from 2021 in Crypto Philanthropy from The Giving Block
- The total donation volume on The Giving Block in 2021 was
$69,644,535, an increase of 1,558% from 2020. - The average crypto donation size on The Giving Block in 2021 was
$10,455, an increase of 236% from the previous year. - NFT projects donated $12.3 million to charities via The Giving
Block in 2021. - Crypto donation volume increased every single quarter in 2021.
- The Giving Block’s Cause Funds (index funds for crypto
philanthropy), established in November, raised $418,200 in their
first two months. - The Giving Block’s Crypto Adoption Fund (a mission-agnostic index
fund for all pro-crypto nonprofits on the platform), established in
November, raised $444,700 in its first two months.