CoinDesk’s MetaGala Raised $160,000 for Blockchain Education Charities

CoinDesk’s Inaugural MetaGala Raised $160,000 for Blockchain Education Charities

by

Crypto industry conferences are golden opportunities for learning, networking and—sure, why not—a dose of after-hours fun. They can also showcase the generosity of the crypto community. 

Crypto Philanthropy’s impact was on full display at CoinDesk’s inaugural MetaGala, an event at the news platform’s annual Consensus conference, which was held in Austin, TX, this year.

Organizers billed the stylish evening event as “A Gala for Good” and an occasion to “party, show off, and show up for a good cause.”

Ticket sales and sponsorships for the MetaGala raised over $160,000 for several nonprofits supporting blockchain education, which was donated in USDC, a leading stablecoin pegged to the US Dollar.

“The MetaGala is a great representation of thoughtful and collaborative corporate fundraising marrying profit and purpose,” said Pietro Moran, Director of Partnerships at The Giving Block.

“Events like this illustrate the genuine enthusiasm in the crypto industry for charitable initiatives that allow nonprofits to participate in the wealth creation of the ecosystem and adopt technology that bridges the digital gap between crypto holders and a previously antiquated nonprofit sector.”

The four charities that received donations were Code to Inspire, Girls Who Code, Crypto Kids Camp and Crypto Tutors.

Zooming Out: The Crypto Community’s History of Supporting Education

Savvy crypto users know that donating crypto directly to a charity is one of the most tax-efficient ways to give back. When it comes to which causes they support, education is near the top of the list.

Data from The Giving Block’s 2021 Annual Report shows that, out of fifteen cause-themed Impact Index Funds—which divide crypto donations evenly among participating nonprofits—donors gave the most to the fund for education charities.

More recently (in October 2022), Ethereum co-founder Vitalik Buterin made a $9.4 million donation in USDC to a higher education institution, the University of Maryland, to support pandemic research.

These are just a few of the many examples of crypto heroes who have stepped up to better the world through charitable giving to educational charities.

Donating Crypto to Educational Nonprofits is Easy

From funding scholarships to early childhood education programs to nonprofits that advocate for education policy and reform, there are countless ways to empower the next generation by donating to a charity. 

Ready to make a difference? Learn more about the benefits of donating crypto or stocks, or make a donation to a charitable organization today.

Be a Hero - Bag season - donate now | The Giving Block
| Reading Time:
JOIN OUR NEWSLETTER

Related Articles

12 Charities Fighting Poverty in the US & Worldwide Discover how the nonprofit sector is successfully reducing global poverty and learn how your generosity to poverty charities can transform the lives of others.
17 Types of Giving Tuesday Charities that Accept Crypto Donations Giving Tuesday is one of the biggest giving days of the year. Here's how to give crypto donations to your favorite Giving Tuesday charities.

Featured Articles

JOIN OUR NEWSLETTER

Related articles

Bitcoin's 2024 Surge: A Game-Changer for Nonprofits | The Giving Block Bitcoin Breaks New Records in 2024: Why Now is the Time for Nonprofits to Accept Crypto Donations Posted in: Donors, Nonprofits Bitcoin's 2024 bull run is the perfect time to embrace crypto donations. Learn how to start accepting Bitcoin and other cryptocurrencies to supercharge your fundraising efforts. Read more
Donation Donation Form | The Giving Block NFT Fundraising Glossary: 25+ Key Terms & Definitions Posted in: Donors, NFT, Nonprofits Ready to fundraise with NFTs? Our NFT fundraising glossary has you covered with over 25+ essential definitions. Read more
Donation Donation Form | The Giving Block 14 Nonprofits to Support During Autism Acceptance Month Posted in: Cause Awareness, Donors Donating crypto to these nonprofit organizations is an easy way to express your support for Autism Acceptance Month this April. Read more