Businessman Kimbal Musk (brother Elon Musk) for launching the “Giving DAO” initiative, which he described as an experiment in “decentralized philanthropy”.

“Awesome. Web 3 teaches me a lot. I decided to experiment with decentralizing philanthropy. This Thanksgiving, I will be launching my first donation DAO,” chirp musk.

“Want to read the working paper? Send me a message. Constructive comments are welcome on Twitter.”

Kimbal Musk owns Kitchen Restaurant and founded Big Green, a non-profit organization that develops outdoor classrooms across the United States. In addition, he is a member of the Committee Tesla, the electric car company of his brother.

Web 3.0 refers to the version of the Internet that is developed on public block chains and which is decentralized.

This idea contrasts starkly with Web 2.0, which was defined by the emergence of platforms such as Facebook social networking site NS google browser, in addition to centralizing huge amounts of user data.

Kimbal’s latest project has also generated support from many accounts in Twitter It is crypto-friendly.

“That sounds interesting! The real power of cryptocurrency and blockchain to disrupt philanthropy has yet to be realized, so it is great to see you innovate in this regard,” one said. floki inu . account.

Crypt and charity

This isn’t the first time Web 3 and the crypto world have attempted to join charities and charities.

In October of this year, Doctors Without Borders (or MSF) received 3.5 million dollars On the air for sale Non-fungible tokens (or NFTs).

“This revolutionary donation of cryptocurrency comes at a time when the critical situation of COVID-19 is being combined with the medical needs of people around the world,” said Jennifer Tierney, Executive Director of Doctors Without Borders Australia.

In October, even a group of hackers Donate profits From ransomware attacks to charities and NGOs (or NGOs).

Hackers (from the group Darkside ransomware) used The Giving Block (Bitcoin Charitable Donation Service) to make donations.

The group allegedly said it did so “to make the world a better place”.

*Translated and edited by Daniela Pereira do Nascimento with permission from Decrypt.