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Alex Wilson and Pat Duffy created The Giving Block in 2018, paving the way for cryptocurrency philanthropy. As millions of people reaped the benefits of crypto investing, Wilson and Duffy saw an opportunity to help nonprofits securely accept crypto donations and allow donors to give crypto currency to their favorite charities.

After raising $100 million in venture capital, and growing its nonprofit client base from 100 to 1,200, Wilson and Duffy expect rapid growth over the next few years.

“It’s still pretty early days for crypto philanthropy when you think about the entire nonprofit market, but the rate at which it’s accelerating is extreme because now nonprofits are realizing what a big market this is,” Wilson told Devex. Partnering with the BBB Wise Giving Alliance, a standards-based charity evaluator, the Giving Block bolstered public trust in crypto philanthropy – now the fastest growing donation method.

So far, The Giving Block raised over $100 million in crypto donations for organizations like Save the Children, the American Cancer Society, and United Way. In 2019, they created Crypto Giving Tuesday, to introduce new audiences to Bitcoin and other cryptocurrencies.

"For nonprofits, crypto users are one of the hottest donor demographics," co-founder Pat Duffy told FOX Business. "For crypto users, donating crypto to nonprofits is one of the hottest ways to reduce tax liability. But they didn't have a moment dedicated for them to meet one another. That's why we started Crypto Giving Tuesday." After only two years of this annual campaign, The Giving Block grew crypto donations by 583%.

Wilson and Duffy were recently named in the Forbes 30 Under 30 list for social impact, and are now on track to process over $1 billion in crypto donations over the next year. “I think people who are often young and idealistic are being given transformative capital for the first time,” Duffy said, explaining crypto’s capacity for social good.

Democratization and financial freedom are among crypto’s many advantages, and The Giving Block stands to expand those benefits – for investors and nonprofits alike – even further.