Today, we're announcing a $6.67M capital fundraising round to support the charitable mission of @endaomentdotorg, the administration of our nonprofit protocol, and the furtherance of our smart-contract financial services!
(3/7) These funds enable @endaomentdotorg to continue providing world-class cryptocurrency donation options, and empower Endaoment∙Tech to push the functionality and capability of our protocol and its assets.
(4/7) Since our seed round last year, our team has grown from one to 10.
In that time, we have been fortunate to raise more than $42M in donated #crypto, and have distributed over $26M to #nonprofits—more than 3x the national average for #DAF providers!
(5/7) But we're just getting started...
In the coming weeks and months, we'll be unveiling:
📄 Improved smart contracts, investable into #DeFi and crypto, and fully composable
👨👩👧👦 Decentralization of our Board of Directors
🪙 Launch plans for our $NDAO governance token
(6/7) We're well on our way to building the crypto-native community foundation the industry deserves!
We've shown the value of low cost, user-friendly, public infrastructure for on-chain donations, and look forward to growing from 500 onboarded #nonprofits to 5,000 and beyond 🚀