In a small coastal town just north of Brisbane, Queensland, 20 members of the Coolum Surf Club have been taking part in an initial trial of the Erth Point System, a crypto rewards platform from the Australian company Rewards4Earth. Doug Flockhart, former CEO of Clubs Queensland, the body for community clubs in the state, spoke to Cointelegraph about how his goal is to integrate the system through over 1,000 community clubs across Australia. Flockhart said the top professional rugby league competition, the National Rugby League (NRL), “are very keen” on the idea and for Flockhart, it “confirms the capacity of …

Insurance company Lemonade has partnered with prominent blockchain companies to form the Lemonade Crypto Climate Coalition (L3C) decentralized autonomous organization (DAO) to protect farmers from climate change by offering blockchain-based insurance. The insurance firm founded Lemonade Foundation, a nonprofit focused on creating social and environmental change with the use of blockchain-enabled technologies. The foundation will work closely with members of the L3C including Chainlink, Avalance, DAOstack, Etherisc, Hannover Re, Pula and Tomorrow.io. The climate insurance will take the form of a decentralized application (DApp) on the Avalanche platform. The DApp will also enable farmers to make and receive payments using …

At its core, Web3 is about regaining control from centralized online experiences, allowing creators to interact within peer-to-peer (P2P) ecosystems focused on music, film, artwork, fashion and other popular topics. This has also given rise to nonfungible tokens (NFTs) and digital ecosystems often referred to as the Metaverse. Given the broad range of interests Web3 touches upon, the sector is not only attracting typical “tech bros” but has also captured the attention of many females looking to further build and develop the decentralized web. The movement of women entering Web3 has especially become apparent now, as the sector is still …

It appears that crypto enthusiasts worldwide are rallying in support of Ukraine to resist an ongoing full-scale Russian invasion. According to reports, Bitcoin (BTC) donations to Come Back Alive, a non-governmental organization helping Ukraine's military efforts, received $3 million in BTC in a single donation on Friday. Users also took to social media to ask the country's Ministry of Defense to accept crypto donations, such as USDT. At the same time, the founder of Ukraine's Kuna exchange created a crypto fund to assist charities in the country. Everyone! Thank you for all the support and donations! The current plan is …

NFTs, or nonfungible tokens, have created a wealth of opportunities over the last year. Data from market tracker DappRadar found that NFT sales reached $25 billion in 2021. Artwork NFTs in particular have seen impressive growth. Financial services firm FinancePR recently determined that 257 artists generated at least $1 million in the past 30 days from selling NFT artwork. It’s also notable that NFT transactions have continued to increase, despite recent slumps in the crypto market. Yet with so much revenue being generated over a short period of time, some may be wondering how NFT creators are applying these new …

Three embroidery artists — Russia’s Katerina Marchenko, Brazil's Aline Brant, and Ninni Luhtasaari of Finland — announced Thursday that they will be auctioning their nonfungible token (NFT) art pieces to support Hope for the Future, a registered charity based in Austria. Proceeds from the auction will help victims of human trafficking find entry-level work positions after their harrowing experiences. The NFT sale will take place on Orica between Dec. 27-30, with each piece having a floor price of $500. The auction's goal is to raise $10,000 for the employment program. "Even when one offers survivors the possibility to get out, …

Circle, the company that created the USDC stablecoin, announced a partnership with public charity Endaoment to create a disaster relief fund. The fund will help mid-western American communities impacted by last week's deadly tornadoes. The two entities hope to raise $1 million in grants to support the American Red Cross and local non-profits. Via Endaoment, blockchain enthusiasts will be able to directly contribute USDC or other cryptos using connected wallets with a minimum donation of $20. The funds will be distributed in $20,000 intervals to seven participating charities, the Team Western Kentucky Tornado Relief Fund, Center for Disaster Philanthropy, Team …

On Wednesday, Thirty Five Ventures, a venture capital firm co-founded by NBA star Kevin Durant and sports manager Rich Kleiman, announced a business partnership with Coinbase. Under the agreement, Thirty Five Ventures will work jointly with Coinbase to create nonfungible tokens, or NFT, drops, storytelling content about NFTs and crypto, as well as showcasing Coinbase's recent growth in the sector. According to the announcement, there will additionally be a philanthropic integration with the Kevin Durant Charity Foundation. Coinbase is currently the third-largest centralized cryptocurrency exchange in the world by trading volume. At the time of publication, there is currently a …

A popular cryptocurrency trader under the Twitter pseudonym "Sicarious" donated a portion of its crypto profits to buy Christmas presents and other utilities for underprivileged children. The donations included $7,250 worth of livestock, clean water, Bibles, emergency food for Compassion International, a child sponsorship nonprofit, and another $1,500 to purchase and donate toys for kids — who would otherwise do without at Christmas — via Toys for Tots Foundation. Shorting the crypto price declines Sicarious also shared the screenshot of its profits and loss statements that showed that it had made nearly $6,500 and $27,500 in gains by shorting Terra …

After Thanksgiving Thursday, Black Friday and Cyber Monday comes Giving Tuesday, a day that encourages contributing to charity. 2021 saw a rise in crypto-philanthropy thanks to The Giving Block’s initiative of Crypto Giving Tuesday, which initially began in 2019. The organization that equips nonprofits to accept cryptocurrency donations raised $2.4 million dollars in crypto this year, a 583% increase from Crypto Giving Tuesday 2020. From charities, universities, faith-based to other mission-driven organizations, 1,071 total nonprofits participated. And the average donation size was $12,600. The majority of donations were done in Ether (ETH), with Bitcoin (BTC) and USD Coin (USDC) in …

Nonfungible tokens, or NFTs, are certificates of ownership representing digital artwork, music, videos, audio, memorabilia, and more. They have rapidly gained in popularity over the past year for their ability to enable everyday artists to create and sell content. In fact, OpenSea, the world's biggest NFT marketplace, recently surpassed $1.6 billion in monthly trading volume alone. Like physical artwork, NFTs can also be auctioned for charity purposes or donated to non-profit groups with generous tax deductions. From funding the construction of a school in Uganda, to helping frontline healthcare workers, non-profit NFTs drops can play a decisive role in making …

With thousands of Afghans currently being accepted as refugees in different countries following the Taliban’s takeover of many highly populated areas, many nonprofit organizations are accepting donations in cryptocurrency. Thousands, if not millions, of Afghans are attempting to or are in the process of fleeing their home in fear of what the Taliban may do now they are largely in control of the country. Organizations helping refugees and those on the ground have put the word out: They need funds to support Afghans arriving on foreign soil with often little more than the clothes on their backs. Hearts & Homes …