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Donation project using virtual currency
On the 26th, Gracone Co., Ltd., whose representative is Mai Fujimoto, announced that approximately 20 million yen in donations was collected in a campaign to solicit donations in crypto assets (virtual currency) related to the 2020 Noto Peninsula Earthquake.
It is being implemented in partnership with five blockchain project organizations and companies based in Japan. Specifically, Astar Foundation, AzukiCommunity, Backpack, Fracton Ventures, and Oasys participated.
Source: Gracone
Donations collected through the virtual currencies Aster (ASTR), Ethereum (ETH), Oasis (OAS), and others will be converted into Japanese yen and donated in full, excluding fees.
Support also gathered from overseas. In particular, when the AzukiJapan community held a charity sale of NFT (non-fungible token) art to support disaster-stricken areas, almost all of the buyers were overseas users.
Gracone describes the advantages of donating using blockchain as follows:
Recruiting donations using crypto assets, which has users all over the world, has the great advantage of having overseas remittance fees that are much lower than those of existing financial institutions, and that even users who do not have Japanese yen can easily make donations. .
He also went on to say that blockchain ensures transparency in transactions, making it possible to track whether donations collected are being handled properly.
Gracone operates “KIZUNA HUB,'' a hub that connects people and organizations who want to utilize blockchain for SDGs. So far, we have provided support and medical assistance to young people who are struggling to make ends meet due to the coronavirus pandemic. The representative, Mai Fujimoto, is also known by the nickname “Miss Bitcoin.”
connection:
Who is Miss Bitcoin?[CONNECTV]
To provide medical support during the coronavirus pandemic, we collaborated with the Binance Charity Foundation in 2020, collecting approximately 8.55 million yen worth of donations in virtual currency, and providing masks and medical gowns to medical institutions and welfare facilities.
connection:
“Medical masks and protective equipment with virtual currency donations” Binance Charity Foundation and Gracone are planning a donation project
What is NFT?
Abbreviation for “Non-Fungible Token”, a digital token that is non-fungible and has unique value. It is not only used for exchanging “digital items” in blockchain games, but also for proof of ownership of expensive works of art, and is a breakthrough for rights holders (creators) in the “secondary distribution market”, which was difficult to achieve with second-hand sales. It is also attracting attention as a means of giving back.
Virtual currency glossary
The case of Alchemy Pay et al.
Donations in virtual currency have been made on various occasions around the world. Examples include the coronavirus pandemic, Russia's invasion of Ukraine, wildfires in Hawaii, and others.
connection:
Noumei: Wildfire relief organization accepts donations in virtual currency on Maui, Hawaii
In January, the cryptocurrency-related app Alchemy Pay, in collaboration with Oak Grove Ventures, donated 1 million yen to the Ishikawa Prefectural Office in response to the Noto Peninsula earthquake.
connection:
Cryptocurrency app Alchemy Pay donates 1 million yen to support Noto Peninsula earthquake victims
A joint donation campaign was also held using “PaletteChain” developed by HashPalette Co., Ltd.
connection:
Noto Peninsula Earthquake: Emergency relief and donation activities underway through virtual currency projects
The post Astar, Oasys, BackPack and others donate 20 million yen to Noto Peninsula earthquake appeared first on Our Bitcoin News.
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