The Giving Block
The Giving Block platform facilitates charitable giving accepting cryptocurrency and digital asset donations.
Website: https://thegivingblock.com/
HQ: Center Valley, Pennsylvania, United States
Active Markets: Global
Problem Addressed
Cryptocurrencies and digital assets are growing as a donation asset class – it is estimated over $2 billion in cryptocurrency had been donated as of January 2024. Nonprofit organizations stand to benefit from tools that allow them to accept and monetize these assets for their causes.
Project Description
The Giving Block facilitates donations made in cryptocurrencies, NFTs, and other digital assets. The project allows nonprofits to accept these assets as charitable donations, offering new revenue streams for organizations providing important services in communities across the globe. The Giving Block also offers stock and donor-advised fund donation options.
Business Data
Status: Active
Constituency Served: Non-profits
Networks: N/a
Known Investors: Stephen Cole
Additional References: N/a
Progress to date
The Giving Block celebrated 5 years in May 2023, having raised at that time over $125M for nonprofits since their launch.
In July 2023, The Giving Block announced their EcoGift feature, a collaboration with carbon reduction 501(c)(3) Climate Vault. EcoGift calculates the per-transaction carbon footprint of each crypto-donation, generating a estimated equivalent to neutralize the impact of the gift, which The Giving Block doubles, purchases carbon permits with those funds and vaults them.
Business Model
Revenue model not disclosed.
Traction
In 2022, The Giving Block surpassed 2,000 nonprofit clients.