Web3 Companies Rally Together for Emergency Relief Initiative
A non-profit organization called Crypto Aid Israel, created by influential members of the Israeli Web3 community, has raised almost $200,000 as part of its Emergency Relief Initiative. The funds raised have been distributed to organizations involved in relief efforts for victims of the recent attacks by Hamas. Over 30 Web3 companies have joined the campaign, with accounting firm KPMG assisting in fundraising and distribution.
Significant Contributions from Web3 Companies
According to a statement released by Crypto Aid Israel, more than 30 Web3 companies are actively participating in the campaign. Notable contributors include Zengo, a crypto wallet provider, as well as Fuse, Wonderland, and Psagot Equity.
.@CryptoAidIsrael with almost $200K in Donations as 30+ Global Web3 Companies Join The Initiative
Am Israel Chai
#StandWithIsrael pic.twitter.com/WAU5FpTj5N
— CryptoAidIsrael (@CryptoAidIsrael) October 24, 2023
Commitment to Transparency and Assistance
Tim Freed, a senior leader within Crypto Aid Israel, expressed gratitude for the support received from the global crypto community. He emphasized the organization’s dedication to aiding those affected by the recent wave of Hamas terrorism. Crypto Aid Israel has already distributed two rounds of aid and remains committed to its mission. Some of the non-government organizations that have received funding include the Foundation for Advancing Citizens of Eshkol Regional Council, Zaka, Lev Echad by Or Hanegev veHagalil, and Latet.
Overcoming Phishing Attacks
Despite facing phishing attacks on its platform, Crypto Aid Israel swiftly resolved the issue with the assistance of its hosting provider. The organization is determined to continue supporting victims of terror attacks.
Hot Take: Web3 Community Raises Nearly $200K for Emergency Relief in Israel
A non-profit organization called Crypto Aid Israel, launched by members of Israel’s Web3 community, has successfully raised close to $200,000 for its Emergency Relief Initiative. With support from over 30 Web3 companies and assistance from KPMG, the organization is distributing funds to organizations aiding victims of recent attacks by Hamas. The initiative demonstrates the positive impact of crypto in times of crisis and highlights the unity within the global crypto community. Despite encountering phishing attacks, Crypto Aid Israel remains committed to transparency and its objective of helping those affected by terrorism. This collaborative effort showcases the power of Web3 technology in making a difference.
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