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Gate Charity Attributes Its Success to Blockchain Implementation at Initial Anniversary

Published 01/31/2024, 09:00 PM
Updated 01/31/2024, 09:15 PM
Gate Charity Attributes Its Success to Blockchain Implementation at Initial Anniversary

  • Gate Charity is marking its first anniversary today, January 31, 2024.
  • Gate Charity delivered 123 charitable events, impacting over 141,000 individuals across 16 countries and regions.
  • The organization attributes its success to blockchain tech and NFT implementation.

Gate Charity, a blockchain-powered philanthropic organization founded by the crypto exchange Gate.io, is marking its first anniversary today, January 31, 2024. According to the organization, this anniversary concludes a year of an impressive track record with the delivery of 123 charitable events.

On its first anniversary, Gate Charity noted that its events impacted over 141,000 individuals across 16 countries and regions. It also acknowledged the impact of blockchain technology in enabling the achievement of its charity goals in the past year. According to the organization, blockchain technology has opened new doors for charitable fundraising that are transparent, open, and accessible to all.

Beyond accepting popular cryptocurrencies like Bitcoin and Ethereum, Gate Charity employed non-fungible tokens (NFTs) to facilitate its activities. It enabled the transfer of ownable digital artwork on t…

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