Pat Duffy, Co-founder of The Giving Block
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Pat Duffy, Co-founder of The Giving Block

The Giving Block was launched in 2018 by Pat Duffy and Alex Wilson. The company serves as a contribution platform for nonprofit groups looking to raise money in cryptocurrencies like Bitcoin for their various goals. Duffy and Wilson learned that cryptocurrencies were taxed in the same way as stocks when the price of Bitcoin skyrocketed in late 2017. As a result, gifts of valued cryptocurrencies given to NGOs were exempt from capital gains tax.
Metaverse Post » Pat Duffy, Co-founder of The Giving Block

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The Giving Block began as a consulting company with the mission of informing nonprofit organizations about cryptocurrencies and blockchain technology. They established “Bitcoin Tuesday,” a cryptocurrency version of “Giving Tuesday,” in 2019 and soon started raising about $50,000 each day for different NGOs. Years later, they were able to raise more than $1 million using several cryptocurrencies.

At the moment, Duffy serves as managing director of BlockShop DC, an events venue and workshop situated in Washington, D.C. that specializes on developing blockchain solutions. Duffy, though, had an intriguing beginning in a different industry before moving into blockchain: pharmaceuticals. He has years of expertise working as a consultant for a number of pharmaceutical firms, primarily concentrating on teaming up with charities. Duffy was inspired to switch to the nonprofit sector by his experience working with them. Before deciding to devote all of his time to The Giving Block, he served as the integration director for the Lupus Foundation of America, Inc.

In 2022

https://twitter.com/thisispatduffy

2022

The Giving Block and two other charity received a combined $38,000 from NFT Paris, according to a recent tweet from the company. Through a charity auction among NFT artists and collectors, money was raised.

The Giving Block also co-hosted #Empower2022, a free online conference for nonprofits and charities, with the intention of empowering organizations by educating them about cryptocurrencies, blockchain technology, and useful tools to aid in achieving their objectives. One of the speakers at the occasion was Alex Wilson, co-founder of The Giving Block.

Duffy’s recent Twitter inactivity suggests he’s working behind the scenes at The Giving Block to forge new alliances with diverse organizations and strengthen current ones in an effort to inspire donors. As a result, The Giving Block anticipates expanding their reach in 2022, which is anticipated to be another important year for the organization’s objective.


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