Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»The American Cancer Society leverages Gitcoin to fund decentralized, open source cancer research.
ETHEREUM NEWS

The American Cancer Society leverages Gitcoin to fund decentralized, open source cancer research.

By Crypto FlexsNovember 28, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The American Cancer Society leverages Gitcoin to fund decentralized, open source cancer research.
Share
Facebook Twitter LinkedIn Pinterest Email

In a move that combines innovation and philanthropy, the American Cancer Society (ACS) has partnered with Gitcoin, a leader in open source funding, to adopt web3 technology. CryptoSlate.

This strategic collaboration marks a milestone for ACS as it moves into the world of decentralized web3, leveraging Gitcoin’s expertise to drive its ACS Cares program and crisis response fund.

Distinct and independent from the regular seasonal Gitcoin grant program, the ACS round is designed to directly benefit the ACS Cares program and Crisis Response Fund. This initiative is critical because your donations will be used to advance groundbreaking cancer research, advance health equity initiatives, and strengthen patient support programs.

It will also help provide essential accommodation for cancer patients undergoing treatment. This venture represents an important intersection of technology and philanthropy, leveraging the potential of blockchain for impactful healthcare outcomes.

This initiative signals continued interest in decentralized open source funding from prominent non-profit organizations leveraging Gitcoin technology. The first example was a significant QF collaboration pilot with UNICEF in 2022.

Gitcoin and decentralized funds.

The importance of Gitcoin in the open source funding space cannot be overemphasized. Since its founding, Gitcoin has played a pivotal role in the web3 ecosystem, mainly utilizing Quadratic Funding (QF). This innovative funding mechanism has enabled Gitcoin to distribute over $50 million over 100 rounds, powering the mission-driven efforts of organizations such as UNICEF and now ACS.

QF is at the heart of Gitcoin’s strategy, a crowdfunding approach that values ​​the number of contributors over the total donation amount. This approach promotes broad community involvement and ensures that funding is allocated equitably to projects that resonate most with the public. For the ACS round, this methodology promises to efficiently direct resources to groundbreaking cancer research, health equity initiatives, and patient support programs that are pivotal in the fight against cancer.

Azeem Khan, Head of Impact at Gitcoin, said:

“Using Gitcoin gives the American Cancer Society access to a vibrant community of technologists and cryptocurrency enthusiasts who are passionate about driving positive change.

“This partnership combines Gitcoin’s blockchain expertise with the American Cancer Society’s commitment to cancer research and prevention, creating powerful synergies in the fight against cancer.”

Azeem Khan added, “Participating in the ACS round presented by Grants Stack is a unique opportunity for individuals and organizations to contribute to the fight against cancer through blockchain technology.”

Kyle Weiss, Executive Director of the Gitcoin Foundation, and Nicole d’Avis, Protocol Lead at Public Goods Network (PGN), both expressed enthusiasm for this joint effort. PGN, an innovative project in the Gitcoin ecosystem, operates as a low-cost layer 2 OP chain, devoting the majority of its net sequencer fees to public goods. The plan presents a cost-effective alternative to the Ethereum mainnet for users and developers, while generating funds for public goods through transactions.

While open source funding may not have captured mainstream media attention, organizations like Gitcoin and PGN have quietly revolutionized the way public goods are funded. Their efforts play a critical role in creating a sustainable and reliable source of funding for initiatives that serve the greater good.

The American Cancer Society’s investment in web3 through Gitcoin is more than just a fundraising exercise. It is a beacon of innovation in the charity world. By embracing blockchain technology and harnessing the power of community-driven funding, ACS is furthering its mission to fight cancer and setting a precedent for other nonprofits to explore the transformative potential of web3.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025
Most Popular

Immutable (IMX) Faces Wells Notice from SEC Amid Cryptocurrency Regulatory Issues

November 3, 2024

World Assets Ltd. extends lending agreement with trading company to place 10 million WLD tokens in circulation.

May 31, 2024

Bitcoin could reach $50,000 in altcoin ‘FUD’ thanks to rises in Ethereum and Solana.

December 8, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.