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Four crypto veterans pledge to give at least 1% of their wealth to charity each year

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Four crypto and blockchain veterans have joined Founders Circle, an industry group supporting The Giving Block’s new crypto-focused charity drive. 

The “Crypto Giving Pledge” encourages cryptocurrency investors and businesses to donate at least 1% of their holdings to charities each year.As part of The Giving Block's mission to increase charitable giving and help more charities accept cryptocurrency donations, this initiative has taken form.

The Giving Block assembled Founders Circle to promote the initiative and has invited many industry leaders to join.The Founders Circle has welcomed four new members this past week, starting with Ryan Selkis, company founder and CEO, on Apr. 27.

Also answering the call is Dan Matuszewski, founder of CMS Holdings and former head of Circle Trade, and Qiao Wang of DeFi Alliance.Both are members of the Circle as of Apr. 28 and 29.

On Tuesday, Haseeb Qureshi, the managing director of Dragonfly Capital, was unveiled as the fourth member of the industry group. Regarding his decision to join Founders Circle, Qureshi said:

“The crypto community has been incredibly generous to me, and I'm fortunate to be able return some of that generosity. I'm excited to donate to high-impact charities—and as it happens, crypto is the best way to do that.”

By May 30 when applications to join the Founders Circle officially close, The Giving Block will announce new members to the group.

The Crypto Giving Pledge launched at an opportune time in the evolution of digital assets.The current market for cryptocurrencies is around $23 trillion, so a 1% contribution from all participants in the industry would be equivalent to $23 billion.Growing mainstream acceptance of digital assets is likely to compel more non-profits into accepting crypto donations.

A good example of this trend shift is the Crypto Cancer Fund established by the American Cancer Society and The Giving Block in January. The research fund accepts donations in the form of Bitcoin (BTC), Ether (ETH) and other cryptocurrencies.

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 5/5/2021

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