pat duffy

Pat Duffy is co-founder of The Giving Block. He created it with co-founder Alex Wilson, in 2018 Together, they created a turnkey solution for nonprofits to fundraise cryptocurrencies like bitcoin. Giving Bitcoin, and giving other digital forms of money, rose to noticeable quality in late 2017 as bitcoin's cost flooded. He and his friend quickly discovered that bitcoin and other cryptocurrencies received the same tax treatment as stocks. In other words, when you donate cryptocurrency to nonprofits, you pay no capital gains tax on the appreciated crypto - kind of a big deal. 

 

He rocked the boat in 2021 when he rejected Ethereum due to high gas fees. He added that Ethereum is suffering from a founder's dilemma and has forgotten its purpose within the crypto community. He has since backtracked on his harsh remarks. 

 

Three arrows closed the year with the purchase of $400million worth of ETH, something unexpected given his previously announced distaste for Ethereum’s gas fees. He confirmed as much, saying that although the platform’s layer1 remains “ unusable for newcomers, “ he was still willing to “bid hard on any panic dump. NFT Paris as of late reported on Twitter that they raised and offered $38,000 all out to The Giving Block and two different charities. Reserves were raised using a foundation sale among NFT specialists and authorities.

 

The Giving Block likewise co-facilitated a free virtual gathering for nonprofits and charities named #Empower2022, determined to enable associations to use information about cryptographic money, blockchain innovation, and pertinent instruments to assist them with accomplishing their objectives. Alex Wilson, the prime supporter of The Giving Block, was one of the speakers at the occasion.