It has been reported that the new agreement connects The Giving Block’s growing community of crypto-ready nonprofits with the Munch network, which allows users to easily donate to causes they care about.
However, the partnership will also enable new nonprofits to accept Munch donations directly and to create a profile on The Giving Block’s fundraising platform.
The report said that in early May, Munch raised over $1 million for developing countries represented by the GiveWell Maximum Impact Fund, which is dedicated to combating malaria and other diseases in Africa.
Alex Wilson, the co-founder of The Giving Block, said that Munch has now raised nearly $3 million in under two months.
“Not only will this support amazing causes and deliver major impact, but it will continue to expose a new audience to cryptocurrency.”
Likewise, Rodrigo Silva, the CEO of Munch, said:
“This partnership gives us the reach to offer our community more causes they care about. With our future development, this is set to do a tremendous amount of good for a lot of people.”
It has been analyzed that crypto-focused charities continue to grow in popularity, as evidenced by the over $2 million in funding for Endaoment, a new charitable organization that aims to eventually function as a decentralized autonomous organization (DAO).
The Giving Block has ramped up efforts in the crypto donations industry, helping nonprofits like the American Cancer Society and others to begin accepting contributions in Bitcoin (BTC), Ether (ETH), and other digital assets.
Thus, back in April, The Giving Block launched the Crypto Giving Pledge to encourage more cryptocurrency investors to donate to charities.