Gate Charity, a blockchain-powered philanthropic organization founded by the crypto exchange Gate.io, celebrates its first anniversary today, January 31, 2024. According to the organisation, this anniversary caps a year of an impressive track record delivering 123 charity events.
On the first anniversary, Gate Charity noted that the events had an impact on more than 141,000 people in 16 countries and regions. It also recognized the impact of blockchain technology in enabling the achievement of its charitable goals over the past year. According to the organization, blockchain technology has opened new doors for charity fundraising that are transparent, open and accessible to everyone.
In addition to accepting popular cryptocurrencies such as Bitcoin and Ethereum, Gate Charity used non-fungible tokens (NFTs) to facilitate its operations. It enabled the transfer of one’s own digital works of art on the blockchain. So the organization mixed it with volunteer-based action to generate impact.
Some of Gate Charity’s notable events in the past year include generating support for the victims of the 2023 Turkey-Syria earthquake. It also provided assistance to those affected by the Noto earthquake in Japan. According to the organization, it has leveraged the speed and transparency of blockchain technology to raise money for the victims of the disaster.
Furthermore, the organization claimed that Anak Dalam, an indigenous, underrepresented and poverty-stricken community in Indonesia, would be one of its priorities. Gate Charity noted that it has launched a fundraising campaign titled ‘Right to Education for Anak Dalam’ in partnership with SEAD Jambi. The project aims to support educational and social programs tailored to the tribe’s unique culture and lifestyle.
Gate Charity attributes its success to its innovative approach of combining traditional charity work with NFT fundraisers. It recognized the role of its network of volunteers and the accessible nature of its fundraising model. According to the organization, these qualities enable it to support various causes on almost every continent.
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