People in the United States and several other countries continue to protest against systematic racism towards black people. The large scale protests, which were triggered by the death of George Floyd by the hands of a white police officer in Minneapolis, are still going on as people continue to demand justice. As the fight for justice continues, several organizations have also come forward with monetary support to help the cause. The Giving Block launched Crypto for Black Lives Matter campaign to raise funds for several nonprofit organizations.
The Giving Block aims to raise $1 million through its campaign.
The Giving Block has set up a crypto donation fund where crypto users can donate without any hassle. Initially, the campaign supports seven nonprofit organizations: the National Black Chamber of Commerce, Black Girls CODE, The Bail Project, Nashville Bail Fund, Justice Committee, the Center for Constitutional Rights, and Movement 4 Black Lives. The Giving Block co-founder Alex Wilson told the crypto news platform Decrypt that they have had donors reach out wanting to support nonprofits addressing the civil rights crisis, so they quickly mobilized to onboard nonprofits in this space so they could accept crypto.
But since then, far more important things have happened & one of them is helping setup @CryptoForBLM
✊🏿 Any contribution you‘d have made to me, please direct to https://t.co/52SRYKE9fc
— Simona Pop 🔥 (@Sim_Pop) June 16, 2020
The crypto industry has stepped up in times of crisis.
It is not the first time that the crypto industry has come out to support people and fight for social or economic issues. Earlier several organizations donated to help fight devastating Australian bushfires. Tron CEO Justin Sun had donated to Greta Thunberg’s climate change initiative. Several crypto organization have come forward in the time of the global pandemic and have donated to help fight the COVID 19 pandemic.
Gitcoin is currently providing matching funds for Crypto for BLM up to $25,000 via a community grant, but the company is hoping to boost that tally to $500,000 by bringing in more matching donors.