Update: Charity on Chain — 23.5 Million in August
On August 4th, I updated the Charity on Chain article originally posted in May (original article, updated article). From November to May, Art Blocks facilitated $300k in donations. From May to August, we facilitated $2.3m in donations. Given the craziness of the past month, I thought it would be appropriate to update last month’s article.
In August alone, Artists on Art Blocks have facilitated ~23.5 million dollars for charity, bringing the total donations by artists through the platform to ~26 million dollars.
This has left me truly speechless, so I won’t bore you with an intro. I’ll get right into the projects and the charities that have benefited from on-chain generative art.
MAJOR DISCLAIMERS: Due to the nature of Ethereum value fluctuations and different tax laws, the numbers in this article are most likely not accurate. Some charities have a crypto wallet, making it easy to send their donations via Art Blocks’ smart contract. Other charities have red tape to work through before they can accept large donations. Also, tax obligations are all over the map and vary greatly. This article is meant to give the community a general idea of donation totals, not exact numbers.
To arrive at these totals, I either 1) asked the artists for the total donated, 2) asked the artist for the ETH (or stable coin) set aside for the charity, or 3) calculated the totals based on the amount pledged and the price of Ethereum on the day the project sold out.
Last, some charities are not equipped to accept crypto donations, or they won’t accept large donations from unknown donors, so the charities are subject to change at the artists’ discretion. However, the pledged amount will not change.