The amount of cryptocurrencies on the market place has skyrocketed from 500 in 2022 to nearly 7,000 merely seven years later in October 2022. A reported 14% of people in the United States — which roughly equals 21.two million people — have purchased some form of cryptocurrency, with more than 300 million crypto owners estimated worldwide.

It'due south clear: Cryptocurrency is here to stay, and its path to global recognition and success has only simply begun. I have shared before how and why innovative sectors of longevity and biotech should cooperate with digital currency visionaries to hereafter-proof their work. Crypto founders, CEOs and purchasers are already breaking down barriers and contributing to a more decentralized future in their everyday lives. Past empowering individuals with access to diverse avails and opportunities to invest outside of traditional financial offerings, the cryptocurrency industry is creating a future built with innovation in heed.

I run into no reason why this innovation should remain locked in these tech-oriented sectors — the philanthropic world can and should do good as well. Accepting donations in crypto is a straightforward first step that demonstrates to the broader community that an organization acknowledges its importance and is ready to embrace confusing technology.

Philanthropic initiatives

Several philanthropic initiatives in our field of longevity have already washed so. The SENS Enquiry Foundation is a leading longevity research organization that aims to inquiry, develop and promote comprehensive solutions for aging-related diseases. Past educating the full general public near new advancements and attracting educated donors, the SENS Foundation supports projects working to cure heart illness, cancer and Alzheimer's. Notably, it has made cryptocurrencies an integral part of its operations. SENS accepts donations fabricated in 72 different cryptocurrencies ranging from Bitcoin (BTC) and Ether (ETH) to Dogecoin (DOGE) and Aave (AAVE).

In 2022, Vitalik Buterin donated $2.4 million in ETH to the Foundation, and other crypto visionaries have followed conform. Richard Middle, the founder of HEX, launched an airdrop in partnership with SENS that chosen on users to donate a portion of their cryptocurrencies and be entered to win Middle's new cryptocurrency PulseChain. The PulseChain airdrop raised over $25 one thousand thousand to support the Foundation's piece of work, which is articulate proof that collaboration between cryptocurrency and longevity tin be an incredibly powerful tool.

Related: Cryptocurrency can actually make a difference by helping people

I would be remiss to overlook the newly announced Longevity Science Foundation, which I help run. We accept donations in all major cryptocurrencies and plan to work closely with leaders in the crypto manufacture to build a decentralized and transparent manner of funding. Considering all donors, crypto leaders included, receive voting rights in the Foundation's funding decisions, the Foundation has committed to supporting projects that reflect the nearly visionary ways of viewing the globe.

Merely of course, accepting cryptocurrency donations is non a phenomenon limited to longevity nonprofits and foundations. Other founders and fundraising teams are waking up to the incredible power of cryptocurrency and the decentralization it offers. For example, The Giving Block provides tools for whatsoever non-turn a profit to accept cryptocurrency donations too as makes information technology easier for philanthropists to make donations in their preferred digital currency to 400+ organizations like the American Cancer Society and No Kid Hungry.

Several other worldwide non-profits, including St. Jude Children's Research Hospital and World Relief, are following conform. If these global entities known for their charitable work and admirable goals can embrace cryptocurrency and the donors backside information technology, so should other nonprofit organizations.

Related: Digitizing charity: We tin can do better at doing skillful

Call for activeness

It is time for the philanthropic and non-profit sectors to wake up to the potential of digital currencies. Longer homo lifespans, and many other of import advancements, are in our attain, only support from various industries and minds is critical.

Adopting principles from the crypto manufacture, such as decentralization and tokenization, tin can enrich these foundations and modernize their operations while accepting donations in cryptocurrencies volition help ensure that innovators and modify-makers can contribute to major advancements. Together, we can build a improve futurity with all the tools (and currencies!) at our disposal.

The views, thoughts and opinions expressed here are the writer's alone and do not necessarily reflect or correspond the views and opinions of Cointelegraph.

Garri Zmudze is a managing partner at LongeVC, a Switzerland and Cyprus-based venture capital firm accelerating innovative startups in biotech and longevity. He is a seasoned business organisation expert and affections investor with several successful exits across biotech and tech companies. He is a long-time supporter and investor in biotech companies including Insilico Medicine, Deep Longevity and Basepaws.