Blockchain-Based Public Charity Endaoment Announced a $6.67M Capital Fundraise

Jun 21,2022
KingData News: Endaoment.Org, a blockchain-based 501(c)(3) public charity, and Endaoment.Tech, the software development firm responsible for building Endaoment’s smart-contract driven protocol, jointly announce the completion of a combined fundraising round of $6.67 million USD in a mix of charitable donations and investment capital to support the charitable mission of Endaoment, the administration of the protocol, and the furtherance of its service offerings. Investors: The financing round was led by Shine Capital, a consumer financial tech and crypto venture fund. Additional contributors include Coinbase Ventures and Coinbase Giving, Circle Ventures and Circle Impact Fund, Higher Ground Labs, Framework Ventures, Quiet Capital, and Hypersphere, as well as notable individuals including Tim Ferriss, NFT artists Pplpleasr and Snowfro.eth, Noah Zinsmeister, Adam Nash and others. Project Info: Endaoment.Org facilitated the charitable giving of more than $42 million across a broad range of cryptocurrencies, distributing over $25 million to hundreds of nonprofit organizations via direct donations, or through grant recommendations from its Donor-Advised and Community Field-of-Interest Funds. Endaoment.Org provides more than 1.5 million organizations with zero-cost infrastructure to process donations in more than 1,000 different cryptocurrencies.
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