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- Crypto’s ease of use might be a game-changer for nonprofits. This is being used by one influencer to rescue a safe haven for at-risk children
- The Self Care Lab is a boxing facility in Pomona, California that serves at-risk and impoverished kids
- While the gym’s Go Fund Me website has not yet achieved its ultimate target, she and other members are hopeful that they will be able to acquire a new facility with enough fiat and crypto donations
Crypto’s ease of use might be a game-changer for nonprofits. This is being used by one influencer to rescue a safe haven for at-risk children. With Bitcoin (BTC) bursting above the $50,000 barrier and the rise of altcoin markets, crypto has never been more enticing to investors. Stacking gains via trade, on the other hand, is useless unless the money is spent.
Fortunately, as the world embraces crypto, charity organisations are becoming more aware of the possibilities of crypto donations. Wendy O, a blockchain entrepreneur, knew to turn to crypto Twitter for aid when a local gym was in peril. The influencer used social media, her YouTube channel, and Tik-Tok to make a plea to rescue a business.
The Self Care Lab is a boxing facility in Pomona, California that serves at-risk and impoverished kids. Nita Watson, the gym’s owner, recently learned that the building’s ownership had changed hands, and she had just 30 days to evacuate and find a new home for the community she had spent years cultivating. Wendy O, thankfully, has been a long-time gym patron and a big proponent of using physical exercise to empower kids. Wendy raised cash by tapping into her network of blockchain aficionados, traders, entrepreneurs, and self-described degens to not just relocate but also upgrade different worn-out pieces of equipment.
While the gym’s Go Fund Me website has not yet achieved its ultimate target, she and other members are hopeful that they will be able to acquire a new facility with enough fiat and crypto donations. Wendy O, said that he doesn’t know where he would be without this gym. It’s been such an important part of his life. It’s about self-care and therapy, not just boxing. And many of these children require a positive environment such as this to keep them engaged and away from less beneficial pursuits. He felt he could depend on his friends to step in and make a difference as someone who makes a livelihood in crypto. The innovation, however, did not end with the ability to make bitcoin contributions.
Wendy O successfully released a series of nonfungible tokens (NFTs) on the Theta blockchain to catch the interest of the young blockchain art community, with hundreds sold thus far.
Two of these NFTs may be exchanged for Wendy O consultation sessions, giving the donations some purpose. Bridging the gap between speculators and charitable organisations is a relatively new phenomena in the decentralised asset ecosystem, but it is expected to gain traction as more well-known personalities in the industry begin to use crypto for good purposes. More of each bitcoin gift may be collected by eliminating payment operators, middlemen, and third-party processors.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
