Markets News Report
October 09, 2023

Israel Web3 Community Launches Crypto Aid for Humanitarian Assistance

In Brief

Israel’s web3 community has created “Crypto Aid Israel” to gather cryptocurrency donations for citizens in distress.

Israel Web3 Community Launches Crypto Aid for Humanitarian Assistance

Amid the intense situation in Israel, leaders from the country’s prominent web3 community have come together to establish “Crypto Aid Israel,” a digital aid fund aiming to offer humanitarian assistance to those affected by the conflict. This endeavor will utilize cryptocurrency to provide aid in an innovative manner, with renowned Israeli Web3 firm, Fireblocks, overseeing asset management.

The current conflict’s devastating impact is palpable. On a single day, October 7, Israel experienced over 3,200 rocket attacks, resulting in extensive property damage and civilian casualties. Violent infiltrations from the Gaza border by Hamas militants have further exacerbated tensions and fear.

Medical authorities confirm that the conflict has tragically claimed the lives of at least 600 Israeli citizens, with another 2,000 injured. Additionally, numerous Israeli residents, encompassing entire families, have been taken as hostages into Gaza.

This grave situation has prompted the formation of Crypto Aid Israel, which has set up a multisig wallet to accept donations in various cryptocurrencies, including BTC, ETH, USDT, USDC, among others. The goal is to offer support to all individuals impacted by the current events. Ensuring trust and transparency, the wallet’s operation and funds are under the stewardship of trusted figures within Israel’s crypto community.

As of now, contributions to the cause have started coming in:

  • Ethereum Address (0xeEE4FcA614308Ed9e7a84B78097E66054F20FC1e): $764
  • Ethereum Address (0x2827b5039E7036F4F8124C9cD13DCBeDA71775cB): $3
  • Bitcoin Addresses:
    • bc1qu0hzmp30x46vlrt8psh8ghzr47yrduhfkm43cp: 0.09415014 BTC
    • bc1qvkj0egln9cyzlpkusurju5m5ktcxfmxy5nusv0: 0.00524003 BTC

The movement underscores the potential of cryptocurrency in facilitating aid during crises and showcases the tech community’s resolve to support their fellow citizens during trying times.

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About The Author

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

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Nik Asti
Nik Asti

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

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