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Four crypto veterans pledge to give at least 1% of their wealth to charity each year

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Four crypto and blockchain veterans have joined Founders Circle, an industry group supporting The Giving Block’s new crypto-focused charity campaign.

The Crypto Giving Pledge encourages investors and cryptocurrency companies 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 giving and allow more nonprofits to accept cryptocurrency donations.

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The Giving Block brought the Founders Circle together to promote the initiative and invited many industry leaders to join. Over the past week, Founders Circle welcomed four new members, starting with Ryan Selkis, founder and CEO of Messari, on April 27.

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Dan Matuszewski, founder of CMS Holdings and former director of Circle Trade, and Qiao Wang of DeFi Alliance, are also answering the call. They joined the Circle on April 28 and 29 respectively.

On Tuesday, Haseeb Qureshi, Managing Director of Dragonfly Capital, was unveiled as the fourth member of the industry group. Regarding his decision to join Founders Circle, Qureshi said:

“The crypto community has been incredibly generous to me, and I’m fortunate to be able to return some of that generosity. I am excited to donate to high impact charities and in this case, crypto is the best way to do it.

The Giving Block will announce new Founders Circle members until May 30, when applications to join the group will be officially closed.

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The Crypto Giving Pledge was launched at an opportune time in the evolution of digital assets. The cryptocurrency market is currently worth around $ 2.3 trillion, which means that a 1% contribution from all industry members and investors would equate to $ 23 billion. The increasing acceptance of digital assets by the mainstream will likely prompt more nonprofits to accept crypto donations.

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A good example of this change in trend is the Crypto Cancer Fund created by the American Cancer Society and The Giving Block in January. The research fund accepts donations in the form of Bitcoin (BTC), Ether (ETH) and other cryptocurrencies.

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