Munch, an up and coming DeFi project that allows investors to return a portion of their earnings to charity, has officially teamed up with The Giving Block – a move that could give the fast-growing crypto donation industry a significant boost.
The new agreement connects The Giving Block’s growing community of crypto-ready nonprofits with the Munch network, which enables users to easily donate to causes that matter to them. The partnership will also enable new nonprofits to accept Munch donations directly and create a profile on The Giving Block’s fundraising platform.
As Cointelegraph reported in early May, Munch raised over $ 1 million for developing countries, represented by the GiveWell Maximum Impact Fund, which is dedicated to fighting malaria and other diseases in Africa. According to Alex Wilson, co-founder of The Giving Block, Munch raised nearly $ 3 million in less than two months. “Not only will this support amazing causes and have great ramifications, but it will continue to attract new audiences to cryptocurrencies,” he said.
Rodrigo Silva, CEO of Munch, also commented on the new partnership:
“This partnership gives us the reach to offer our community more issues that matter to them. With our future development, this will do a lot of people tremendously good. “
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Crypto-oriented charities are growing in popularity, as evidenced by the over $ 2 million funding from Endaoment, a new charity set to eventually function as a decentralized autonomous organization, or DAO.
As for The Giving Block, the organization has stepped up its efforts in the crypto donation industry, helping nonprofits like the American Cancer Society and others accept donations in Bitcoin (BTC), Ether (ETH), and other digital assets. Back in April, The Giving Block launched the Crypto Giving Pledge to encourage more cryptocurrency investors to donate to charities.