CharityStars, the online fundraising auction platform for the non-profit sector, today announced that $50,500 USD was raised following an auction featuring prominent leaders in the blockchain space. Winners get to have lunch with Ryan Taylor, CEO of Dash; Galia Benartzi, co-founder of Bancor; serial entrepreneur Jeremy Gardner; Erik Voorhees, CEO of ShapeShift; and Dr. Julian Hosp, co-founder and president of TenX. Also won in the series was a chance to play poker with Brock Pierce, chairman of the Bitcoin Foundation.
“Less than a year ago, the majority of the general public had never even heard of Bitcoin, let alone blockchain,” CharityStars co-founder and CEO Francesco Nazari Fuseti said. “Now individuals are paying thousands of dollars for the once in a lifetime opportunity to meet their industry hero whether it be a business lunch or a friendly game of poker.
“The widespread interest in these auctions signifies an evolution of the industry that goes far beyond price or value. Blockchain leaders are not only beginning to emerge but also become widely recognized for their experience, expertise, and influence. With the emergence of blockchain celebrities, it is quite evident that the blockchain industry will continue to increase its presence on the global stage.”
Co-founded by Mr. Fuseti, Manuela Ravalli, and Domenico Gravagno in 2013, CharityStars is headquartered in Los Angeles, with offices in London and Milan. CharityStars has a global network of established relationships with international charities and across the entertainment industry. Auctions are conducted through the online platform that features luxury experiences and products which can be purchased through fiat and cryptocurrencies, with proceeds going to partnering charities.
“Transparent and secure in its nature, the creation of blockchain technology provides a much-needed solution to the main challenges that are inhibiting the non-profit sector,” Mr. Fuseti said. “With trust at an all-time low, donors will now be able to track their donations, providing reassurance that funds are being spent correctly. This leap into the future, will bring about great change, renewed trust, and ultimately transform the sector.”
In a move to further disrupt the charity sector, CharityStars recently launched AidCoin. An ERC20 utility token, AidCoin allows CharityStars to raise charitable funds through blockchain technology enabling donors to track transactions and ensure donations are spent correctly. AidCoin also allows charities to integrate a donation button, called AIDPay, on their website that enables the acceptance of cryptocurrencies for their fundraising campaigns.
The proceeds from these auctions will go to The Blockchain Education Network, an international non-profit organization dedicated to forming a network of student organizations for blockchain education, innovation, and development; the Bancor Foundation, which promotes the development and adoption of the Bancor protocol, a standard for the creation of intrinsically tradable tokens; The World Wide Fund for Nature, the world largest organization for nature conservation; Save the Children, an international non-governmental organization that promotes children’s rights, provides relief, and helps support children in developing countries; and Unsung, an online community in the US that seeks to solve hunger, by enabling local grocers, restaurants, caterers, or anyone with large amounts of leftover food to donate the food through the app, that would otherwise be thrown out.
To date, CharityStars has collaborated with hundreds of global celebrities such as Metallica, Eva Longoria, and Valentino Rossi. Recent successful auctions that raised funds for partnering charities include lunch with the former Italian President Silvio Berlusconi ($74,900); a business pitch with the founder of Candy Crush, Riccardo Zacconi ($27,250); and the official bus of the All Blacks Rugby team ($270,000).