Tuesday, May 13, 2025
  • Login
198 Japan News
No Result
View All Result
  • HOME
  • BUSINESS NEWS
  • VIDEO NEWS
  • FEATURED NEWS
    • JAPAN US TRADE NEWS
    • JAPAN EU NEWS
    • JAPAN UK NEWS
    • JAPAN INDIA NEWS
    • JAPAN RUSSIA NEWS
    • JAPAN GULF NATIONS NEWS
    • JAPAN AFRICA NEWS
    • JAPAN EGYPT NEWS
    • JAPAN NIGERIA NEWS
    • JAPAN MEXICO NEWS
    • JAPAN BRAZIL NEWS
    • JAPAN THAILAND NEWS
    • JAPAN INDONESIA NEWS
  • CRYPTO
  • POLITICAL
  • TECHNOLOGY
  • JAPAN AGRICULTURE NEWS
    • JAPAN MANUFACTURE NEWS
    • JAPAN AGRICULTURE NEWS
    • JAPAN IMMIGRATION NEWS
    • JAPAN UNIVERSITY NEWS
    • JAPAN EDUCATION NEWS
    • JAPAN VENTURE CAPITAL NEWS
    • JAPAN JOINT VENTURE NEWS
    • JAPAN BUSINESS HELP
    • JAPAN PARTNESHIPS
  • ASK IKE LEMUWA
  • CONTACT
198 Japan News
  • HOME
  • BUSINESS NEWS
  • VIDEO NEWS
  • FEATURED NEWS
    • JAPAN US TRADE NEWS
    • JAPAN EU NEWS
    • JAPAN UK NEWS
    • JAPAN INDIA NEWS
    • JAPAN RUSSIA NEWS
    • JAPAN GULF NATIONS NEWS
    • JAPAN AFRICA NEWS
    • JAPAN EGYPT NEWS
    • JAPAN NIGERIA NEWS
    • JAPAN MEXICO NEWS
    • JAPAN BRAZIL NEWS
    • JAPAN THAILAND NEWS
    • JAPAN INDONESIA NEWS
  • CRYPTO
  • POLITICAL
  • TECHNOLOGY
  • JAPAN AGRICULTURE NEWS
    • JAPAN MANUFACTURE NEWS
    • JAPAN AGRICULTURE NEWS
    • JAPAN IMMIGRATION NEWS
    • JAPAN UNIVERSITY NEWS
    • JAPAN EDUCATION NEWS
    • JAPAN VENTURE CAPITAL NEWS
    • JAPAN JOINT VENTURE NEWS
    • JAPAN BUSINESS HELP
    • JAPAN PARTNESHIPS
  • ASK IKE LEMUWA
  • CONTACT
No Result
View All Result
198 Japan News
No Result
View All Result
Home JAPAN CRYPTO NEWS

Coinbase Giving: Half Year in Review

by 198 Japan News
December 23, 2021
in JAPAN CRYPTO NEWS
Reading Time: 5 mins read
A A
0
Coinbase Giving: Half Year in Review
Share on FacebookShare on Twitter

[ad_1]

You might also like

FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry – Bitcoin News

Art Blocks Does It Differently And Frequently

Chainlink Keepers automates impermanent loss return on Armadillo

In May 2021, we announced the launch of Coinbase Giving. Coinbase Giving is the operational embodiment of our commitment to Pledge 1%: our promise to dedicate 1% of Coinbase profits, equity, and employee time toward charitable activities that leverage the power of crypto to increase economic freedom in the world.

Coinbase Giving: Half Year in Review

Where we are

In the past 7 months we’re proud of what we’ve accomplished:

  • Coinbase Giving is the largest charitable organization focused on Crypto (>$500M endowed at the time of post)
  • GiveCrypto, founded in 2018, has been brought officially under the umbrella of Coinbase Giving to enable scale and maximize social impact
  • We have launched 7 programs, supported 410 organizations, deployed ~$2M, and are impacting 2K+ lives

We are only at the beginning of this journey. 2021 has been a test and iteration year — our impact is still modest. The purpose of this post is to share progress and lessons learned.

Areas of focus

In 2021 our focus has been to support endeavors that align to three broad categories:

  1. Increasing education around, and access to, crypto
  2. Accelerating the development of crypto protocols that underpin the cryptoeconomy
  3. Fostering the next generation of crypto talent, no matter where they are located

Highlights from 2021

GiveCrypto is our nonprofit that enables crypto based direct giving to some of the most needy people in the world. In doing so we also educate them about crypto and give them an alternative to their broken financial systems.

GiveCrypto has been one of Coinbase Giving’s largest investment areas in-house. GiveCrypto is a two-sided market. First, donations are driven by donors who are inspired to give charitably. Second, from these donations, crypto is put directly in the hands of people in need through our on-the-ground Ambassador program.

Bringing GiveCrypto directly within Coinbase has accelerated our ability to integrate donation collection within the consumer experience. As such, 2021 has been a critical year of rebuilding and integration. As the #1 crypto exchange in the US, we see this connection as a huge step forward in enabling public donations using crypto and Coinbase products. We have taken this chance to revamp our Ambassador program — our system to distribute funds directly into the hands of the most needy. In 2021, we were purely testing our distribution system and only reached 246 recipients. However, with those tests now under our belts, we feel ready to scale distributions dramatically in 2022.

Already we are seeing how crypto possesses unique characteristics that make it suitable as a cross-border donations mechanism. For example, it allows donors to avoid disintermediation by bad actors, who often take a cut at the expense of the recipient. Crypto adoption is growing, particularly in Latin American countries where hyperinflation can be devastating. Our independently validated randomized control test shows that direct giving continues to demonstrate high real-life impact, whether in enabling individuals to pay for food, education, or other day-to-day needs.

Developer Grants 2.0 to accelerate the development of crypto protocols.

In August, we launched the second iteration of our Crypto Community Fund whose goal is to make the cryptoeconomy safer and easier to access for everyone. We selected 6 developers to fund across 3 thematic areas: (1) Scalability; (2) Privacy, identity and zero knowledge research; and (3) Protocol security and other foundational infrastructure.

Grant terms are typically 1-year and we will share progress on their journeys throughout 2022.

Base 11 partnership to foster the next generation of global and diverse crypto talent.

Earlier this year Coinbase announced our three-year partnership with Base 11. Together, our goal is to develop the next generation of diverse crypto talent. In early October, Base11 hosted the Next Frontier Conference & Expo, which featured a fireside chat with Alesia Haas, CFO at Coinbase and Landon Taylor, Founder & Chairman, Base 11.

At the conclusion of the conference, the Coinbase Giving team launched our first ever Open Innovation Challenge, giving away over $10,000 in prizes and an exclusive NFT. The Open Innovation Challenge called for participants to focus on four key pillars: environmental sustainability, healthcare, education, and financial inclusion. The call to action has drawn hundreds of participants from all over the world and dozens of quality submissions that address the key pillars described above. We’re excited to enter the judging phase and will announce the winner in Q1 2022.

Learnings

  1. The crypto-forward charitable ecosystem — like the crypto ecosystem — is still nascent. That said, there are a growing number of novel partnerships between established non-profits (who deeply understand the social sector) and technical partners (who get crypto/blockchain) trying to better solve old problems with new solutions. We’ve learned this is Coinbase Giving’s sweet spot for grant-making.
  2. As more people hold crypto, more people want to give in crypto. “45% of crypto holders donated $1,000 or more to charities in 2020 compared to 33% of all investors”, according to a new report by Fidelity. We have engaged in many conversations with potential partners exploring the role Coinbase Giving could play in connecting nonprofits and endowments with the infrastructure they need to accept and hold crypto as an endowment (only ~2% have the ability to do so currently).
  3. Without education, there is no access. As the crypto market has heated up in 2021, so has the call for Coinbase Giving to provide more educational resources and support. Non-profits, NGOs and education leaders increasingly see crypto literacy as a next-generation skill required for the future success of their communities and constituencies. Coinbase’s investment in Crypto Learn and other initiatives distinctly well position Coinbase Giving to address this educational need. We look forward to exploring more in 2022.
  4. Accelerating and building infrastructure is more than open source code. There are many barriers to the simple and secure use of crypto and blockchain that are just as much about infrastructure development as having the right protocols. There are also many more applications for blockchain to solve social problems than have yet been envisioned or realized. This is all infrastructure. We can do better to support a flourishing ecosystem.

Next Up

With 2021 as a foundation-building (half) year, we are looking forward to incorporating what we’ve learned and to drive the social impact of crypto in 2022. We’ll keep the community up to date on what’s happening with a quarterly blog. Stay tuned!


Coinbase Giving: Half Year in Review was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.



[ad_2]

Source link

Tags: CoinbaseGivingReviewYear
Share30Tweet19

Recommended For You

FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry – Bitcoin News

by 198 Japan News
July 24, 2022
0
FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry – Bitcoin News

The founder and CEO of the leading exchange FTX, Sam Bankman-Fried has offered to give early liquidity to Voyager Digital’s customers, according to an announcement FTX published on...

Read moreDetails

Art Blocks Does It Differently And Frequently

by 198 Japan News
July 22, 2022
0
Art Blocks Does It Differently And Frequently

Unlike other NFT collections, Art Blocks is a platform. Its focus is generative or algorithmic artworks. The artists create the style of the collection, the colors and forms,...

Read moreDetails

Chainlink Keepers automates impermanent loss return on Armadillo

by 198 Japan News
July 22, 2022
0
Chainlink Keepers automates impermanent loss return on Armadillo

Armadillo, a multi-chain impermanent loss (IL) protection solution powered by the Crypto Volatility Index (CVI) from COTI, will be using Chainlink Keepers on Polygon to automate IL protection...

Read moreDetails

NFT sales will fund the restoration of physical monuments in Ukraine

by 198 Japan News
July 22, 2022
0
NFT sales will fund the restoration of physical monuments in Ukraine

The Ukrainian government will be using the proceeds of sales from an online nonfungible token, or NFT, museum to restore artwork in the real world.According to a Friday...

Read moreDetails

Gensler Says SEC Should Regulate Crypto Lending Companies

by 198 Japan News
July 21, 2022
0
Gensler Says SEC Should Regulate Crypto Lending Companies

Key Takeaways SEC chair Gary Gensler told CNBC today that crypto lending firms fall under the scope of the securities regulator. He noted that crypto lending firms offer...

Read moreDetails
Next Post
Japan Approves Major Hike in Military Spending, With Taiwan in Mind

Japan Approves Major Hike in Military Spending, With Taiwan in Mind

Can China keep out omicron and still hold the 2022 Winter Olympics?

Can China keep out omicron and still hold the 2022 Winter Olympics?

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
What Is Crypto Fear and Greed Index

What Is Crypto Fear and Greed Index

July 20, 2022
The Drone Series: Expanding Horizons for Drone Technology

The Drone Series: Expanding Horizons for Drone Technology

June 28, 2022
Western leaders warn Russia over Ukraine as Putin tests missiles  – BBC News

Western leaders warn Russia over Ukraine as Putin tests missiles – BBC News

February 19, 2022
Why hasn’t Russia launched major cyberattacks yet?

Why hasn’t Russia launched major cyberattacks yet?

March 19, 2022
The Convair 880

The Convair 880

March 19, 2022
21 Reasons for Exporting a Used Car from Japan

21 Reasons for Exporting a Used Car from Japan

February 22, 2022
FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry – Bitcoin News

FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry – Bitcoin News

0
California governor declares emergency over wildfire near Yosemite

California governor declares emergency over wildfire near Yosemite

0
China accuses Japan of interfering in its internal affairs on Taiwan question

China accuses Japan of interfering in its internal affairs on Taiwan question

0
Kyodo News Digest: July 24, 2022

Kyodo News Digest: July 24, 2022

0
Neymar declares wish to stay at Paris Saint Germain

Neymar declares wish to stay at Paris Saint Germain

0
With an eye on China, Seoul seeks to prevent tech leaks

With an eye on China, Seoul seeks to prevent tech leaks

0
FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry – Bitcoin News

FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry – Bitcoin News

July 24, 2022
California governor declares emergency over wildfire near Yosemite

California governor declares emergency over wildfire near Yosemite

July 24, 2022
China accuses Japan of interfering in its internal affairs on Taiwan question

China accuses Japan of interfering in its internal affairs on Taiwan question

April 8, 2025
Kyodo News Digest: July 24, 2022

Kyodo News Digest: July 24, 2022

July 24, 2022
With an eye on China, Seoul seeks to prevent tech leaks

With an eye on China, Seoul seeks to prevent tech leaks

July 23, 2022
Brands of Baseball Gloves

Brands of Baseball Gloves

July 23, 2022
  • Browse the latest updates from Japan
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions

Copyright © 2025 198 Japan News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Browse the latest updates from Japan
  • Landing Page
  • Buy JNews
  • Support Forum
  • Contact Us

Copyright © 2025 198 Japan News.