Donations amounting to millions of dollars were made to large organizations and foundations using cryptocurrency. The Open Medicine Foundation, UNICEF, and the SENS Research Foundation received millions of donations in digital currency.
A philanthropist who wished to remain anonymous donated $5 million worth of bitcoin to the Open Medicine Foundation or OMF. The foundation’s aim is to launch groundbreaking research on chronic complex diseases to allow patients to have full and healthy lives. The donation came in two increments. The first came last month for $1 million, and the second was $4 million. Both donations came from one donor named “Pine”.
OMF President Linda Tannenbaum stated that the donation will support research on chronic complex diseases. “This significant donation will help OMF accelerate and expand current research into ME (myalgic encephalomyelitis), CFS (chronic fatigue syndrome), and other chronic complex diseases, and to keep fighting for a better future for patients.” OMF has setup a BitPay account since last year thereby allowing them to receive bitcoin donations.
UNICEF has similarly created a system to allow them to receive digital currency donations via the Ethereum blockchain. Users have therefore been able to give their computing power for cryptocurrency mining, specifically Ether. The currency is then donated to UNICEF. UNICEF is encouraging its users to donate cryptocurrency in order to help more than 12 million Syrians living in the worst humanitarian crisis in the past two decades. UNICEF provides instructions on its site on how to give to the cause. Users are advised to download and run the Ethereum mining application, Claymore. The site explains, Install the software Claymore and launch it to mine whenever you want, and without lifting a finger or spending a euro you will generate funds right into UNICEF’s wallet.”
SENS Research Foundation similarly received a $2.4 million donation from Ethereum founder Vitalik Buterin. The foundation provides regenerative medicine as well as anti-aging procedures.
Buterin explained the reason for his donation to SENS, specifically citing the work of its Chief Science Officer Dr. Aubrey de Grey, “I’ve been a fan of Aubrey’s work since I first read Ending Aging when I was a teenager, and I am happy to have been blessed with the opportunity to personally support SENS’s efforts. Their focus on creating solutions to the diseases of aging, one of the greatest problems facing humanity, is very much in line with my goal to positively impact the lives of millions of people around the world.”