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Why web3’s wealthy are donating crypto instead of cash


As the Russia-Ukraine war rages on, crypto has become an integral tool for donors abroad to support Ukraine. The success of crypto-native fundraising campaigns in this context is reflective of a broader trend that’s taken off in a big way this year of crypto holders giving away their coins to support charitable causes. 
Charities around the globe are soliciting donations in crypto to aid Ukraine. Endaoment, a popular crypto giving platform, says it has raised over $2 million for charities supporting Ukraine since the onset of the war in late February. Another crypto nonprofit platform, The Giving Block, has also already taken in $1.5 million in crypto donations and announced a campaign yesterday to raise $20 million in cryptocurrency for its Ukraine Emergency Response Fund supporting a variety of accredited nonprofit groups including United Way Worldwide and Save the Children, according to a webpage for the campaign. 
It’s not just nonpr …

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