Our three initial areas of focus
1. Bringing GiveCrypto into the Coinbase family as a Coinbase 501(c)(3) foundation. GiveCrypto was founded in 2018 with a mission to financially empower people by distributing cryptocurrency globally. We’ve long had a relationship with GiveCrypto, but by transitioning its efforts into a private foundation of Coinbase we can substantially increase funding, and offer Coinbase customers the opportunity to give directly to the programs that they want to support.
The new foundation will focus its efforts on supporting and directly managing programs that seek to equalize access to financial services around the globe; use direct crypto contributions to alleviate financial hardship and unsafe situations; and encourage crypto entrepreneurship to create economic freedom.
That reach can be truly life-changing.
https://youtu.be/XnfAHP9Z-dE
2. Expanding the Crypto Community Fund. We believe helping to connect and grow the cryptoeconomy is essential to creating economic equality. Our Crypto Community Fund aims to grow and improve the entire crypto industry, while making it simpler to use and more secure for everyone.
We piloted the Crypto Community Fund in October 2020 to help accelerate research and open-source projects. We have funded $200K to date — $100K to Stanford Cryptography and $100K to a Bitcoin Core development developer. In 2021 we expect to fund $2M to expand this program, and we know much more is possible.
3. Launching Coinbase’s partnership with Base 11 to develop the next generation of (diverse) crypto talent. We’re also announcing today our commitment to be a 3-year “Game Changer” partner of Base 11, a nonprofit STEM workforce and entrepreneur development organization that empowers women and underrepresented minorities with the access, awareness and belief needed to succeed in Next Frontier Industries of the 21st century.
As part of this partnership, we will be developing a Crypto Innovation Challenge program that will be unveiled later this year, to help cement crypto as a frontier industry and unlock its future talent. We’re proud to partner with Base 11 as they empower the next generation of crypto entrepreneurs and users.
https://youtu.be/jZm8I3Il45A