Global fintech and funding innovation ecosystem

Giving block reports, Crypto philanthropy jumped nearly 16x in 2021

Cointelegraph | Prashant Jha  | Feb 3, 2022

Crypto giving in 2021 - Giving block reports, Crypto philanthropy jumped nearly 16x in 2021The average crypto donation size was $10,455, 82x more than an average $128 cash donation.

2021 was not just the year of institutionalization of crypto and new all-time highs — it also turned out to be the biggest year to date for crypto philanthropy.

According to research data from The Giving Block, the crypto donation volume rose to $69.6 million in 2021 compared to $4.2 million in 2020. Crypto donation volume spiked 1,558% or nearly 16x over the same period. The average crypto donations also saw a 236% increase, rising from an average of $3,109 in 2020 to $10,445 in 2021.

The data further revealed that the average crypto donation size was 82x larger than the average cash donation. The average donation in crypto was estimated at $10,455 compared to $128 in cash.

See:  The risk of not participating in crypto is now outweighing the risk of non-participation

The monthly donation data revealed several interesting aspects about crypto donors. The report highlighted that the crypto donations were highest in the final four months of 2021. The donations volume also peaked with each month, where January saw a total volume of $300,000, while December’s total donation volume surpassed $20,000,000. 42% of the total crypto donations in 2021 came in the last two months.

The research attributed this increase to the bull market and the growing adoption of digital assets among the common public as well as nonprofit organizations. The research report revealed more than 1,000 nonprofit organizations were accepting crypto donations by the end of 2021.

Continue to the full article --> here

 


NCFA Jan 2018 resize - Giving block reports, Crypto philanthropy jumped nearly 16x in 2021 The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Giving block reports, Crypto philanthropy jumped nearly 16x in 2021FF Logo 400 v3 - Giving block reports, Crypto philanthropy jumped nearly 16x in 2021community social impact - Giving block reports, Crypto philanthropy jumped nearly 16x in 2021

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - Giving block reports, Crypto philanthropy jumped nearly 16x in 2021




 

Leave a Reply

Your email address will not be published. Required fields are marked *