Top 5 Blockchain and Web3 Apps Shaping Philanthropy
- Web3's decentralized platforms are transforming charitable donations.
- Blockchain boosts transparency and impact in global philanthropy.
- Apps like PHILApp and BitGive bring financial inclusion to the needy.
Top 5 Web3 Apps Revolutionizing Philanthropy in 2024
The numbers speak for themselves: the global Web3 market is expected to reach $6.63 billion by the end of 2024, ballooning to $177.58 billion by 2033. With over $2 billion in crypto donations already made by January 2024, it’s clear that Web3 has a considerable impact on philanthropy.
But why is this shift happening? The obvious answer is Web3's decentralized technology merging with philanthropy to create a real impact. Thanks to Web3 platforms, donors can now make secure, transparent, and direct contributions to social causes. This listicle explores the top 5 Web3 apps transforming philanthropy in 2024.
Without further ado, we have;
PHILApp is Philcoin's all-in-one app, a blockchain-based platform that integrates philanthropy into daily transactions through a give-to-earn concept. Users earn rewards in PHL tokens for using the PHILApp to chat, trade, learn, play games, and engage in social media. However, to unlock these rewards, users must share half with others, naturally encouraging giving.
Philcoin’s mission is to address the digital divide, financial exclusion, and unequal access to educational and economic opportunities, especially in underserved regions. PHILApp’s low-bandwidth technology lets users access its features even in areas with limited internet connectivity. In addition, quantum-proof encryption provides secure interactions, while educational resources provide opportunities for users to learn and grow. Meanwhile, your favorite charities and causes can be supported through its Donate-to-Earn model.
Philcoin has already facilitated fast donations during humanitarian crises, such as funding meals for over 500 orphaned children in Pakistan through a local charity, providing immediate relief. To date, over 1.7 million PHL tokens have been donated to causes worldwide. With strategic partnerships with over 1,000 charities and a user base of more than 200,000 across 14 language-speaking communities, Philcoin’s global impact in bridging the digital divide is real.
Celo is a mobile-first blockchain platform focused on financial inclusion, with Valora as its mobile wallet app. Valora enables users to send and receive payments using their mobile phone as a wallet, with transactions confirmed in under 5 seconds on average.
Valora provides fast, secure, and low-cost transactions through its user-friendly interface and mobile-first approach, making it an ideal solution for communities with limited access to traditional banking services. Additionally, Valora allows users to send, receive, and store cryptocurrencies, facilitate peer-to-peer transactions, and access micro-lending services.
The app's integration with the Celo Identity Protocol allows for secure and verified transactions, while its syncing capability with users' contacts lists streamlines the payment process. The good thing is, Today, Valora boasts over 25,000 users across 100 countries, with hundreds of thousands of transactions across the platform.
Established in 2013 and led by the first female founder of cryptocurrency before it was acquired in 2022 by NGO Heifer International, BitGive is a nonprofit organization that uses blockchain technology for humanitarian and environmental causes. Its premier donation platform, GiveTrack, enables transparent and trackable donations to ensure accountability and efficiency. Donors can see how their funds are used, from deployment to impact.
GiveTrack provides real-time updates, allowing donors to track the progress of their contributions. So far, BitGive has worked with 31 nonprofit partners and impacted over 57,000 people in 29 countries globally.
Heifer International was created to strengthen the global community’s philanthropic impact by facilitating a faster, more affordable, and more secure process for moving funds worldwide.
Binance Charity is a blockchain-based non-profit donation platform within the Binance ecosystem, prioritizing transparency and efficiency. It ensures donations are traceable and secure and reach their intended recipients directly. While not a standalone app, Binance Charity’s impact in the blockchain space and its emphasis on transparency and global reach make it impossible to exclude from this list.
The user-friendly interface enables donors to easily find and support verified charitable causes or donate funds to the Binance Charity Wallet and let the platform disburse funds as it sees fit.
So far, Binance Charity has made significant contributions, helping over 2 million people across 54 countries by funding 32 projects with over $23 million. Their projects include improving refugees' living conditions, providing food for African children, supporting education in underdeveloped countries, and disaster relief efforts.
Leaf Wallet is a blockchain-based digital wallet designed to provide financial inclusion for refugees and under-resourced communities.
Built on the Stellar network, Leaf offers a secure, fast, and low-cost solution for storing, sending, and receiving money across borders. Users can access their funds from any mobile phone, including feature phones, without needing a smartphone or internet connection. The secret? USSD shortcode.
Thanks to its mobile-first approach, Leaf provides financial literacy training and enables users to create a documented biometric and economic identity to help them establish themselves in new countries.
It gets even more attractive due to its focus on accessibility and financial inclusion; Leaf plans to offer micro-loans to support vulnerable populations at each phase of their journey economically.
Their website shows Leaf Wallets has invested about $8.91 million in 147 ventures.
Wrap up
Web3 philanthropy's rise couldn't be more timely, as inflation and economic instability ravage the world and blur the lines between the middle-class and low-income populations. This shift will create the need for efficient, transparent, and impactful giving platforms like those discussed.
Platforms like PHILApp, Celo, and BitGive showcase how blockchain can help donations reach those in need quickly and transparently. With Web3’s ability to provide secure, direct transactions, more nonprofits and donors are likely to turn to these decentralized solutions to make a lasting impact. As transparency and trackability become the new standard, the adoption of blockchain for philanthropy will only grow, opening up new opportunities for charitable organizations to transform how we give.
