Four crypto and blockchain veterans have joined Founders Circle, an industry group that supports The Giving Block's new crypto-focused charity.
The "Crypto Giving Pledge" encourages cryptocurrency investors and corporations to donate at least 1% of their holdings to charities each year. The initiative is part of The Giving Block's mandate to increase charitable donations and enable more nonprofits to accept cryptocurrency donations.
The Giving Block gathered the founding circle to promote the initiative and has invited many industry leaders to join. Last week, Founders Circle welcomed four new members, starting with Ryan Selkis, Messari's founder and CEO, on April 27th.
Dan Matuszewski, founder of CMS Holdings and former head of Circle Trade, and Qiao Wang of DeFi Alliance also answered the call. They joined the circle on April 28th and 29th.
On Tuesday, Haseeb Qureshi, Managing Director of Dragonfly Capital, was introduced as the fourth member of the industry group. Regarding his decision to join the founding circle, Qureshi said:
“The crypto community has been incredibly generous to me and I'm happy to be able to give back some of that generosity. I look forward to donating to nonprofits – and crypto is the best way to do it. "
The Giving Block will announce new members to the Founders Circle by May 30th, when applications to join the group are officially closed.
The Crypto Giving Pledge was introduced at an opportune time in the development of digital assets. The cryptocurrency market is currently valued at around $ 2.3 trillion, which means a 1% contribution of all industry members and investors equates to $ 23 billion. The increasing mainstream adoption of digital assets is likely to force more nonprofits to accept crypto donations.
A good example of this turnaround is the Crypto Cancer Fund, which was founded in January by the American Cancer Society and The Giving Block. The research fund accepts donations in the form of Bitcoin (BTC), Ether (ETH) and other cryptocurrencies.