The Giving Block raises $2.4M for charity on ‘CyberGivingTuesday’ -Breaking
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Giving Tuesday follows Black Friday and Cyber Monday, which are the days that promote charity giving. The year saw a rise in crypto-philanthropy, thanks to The Giving Block’s initiative of Crypto Giving Tuesday, which initially began in 2019. It equips non-profits with the tools to accept cryptocurrency donations. raisedThis year’s crypto spending is $2.4 Million, which represents a 5833% increase over Crypto Giving Tuesday 2020.
1 071 nonprofits took part, including institutions, churches, religious-based, and other mission-driven groups. Average donation: $12,600 Most donations were made in Ether.ETHWith (BTC(USDC(ETH) were in the second and third places, respectively. It is notable that ETH surpassed BTC in terms of total donation volume with over $1.2 million worth ETH being donated.
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