FTX exchange launches $1 billion charity fund
It is a step towards expanding the crypto exchange beyond the world of digital assets into other real-world industries

01.03.2022 - 11:40
444
1 min
0
What’s new? The FTX cryptocurrency exchange has announced the creation of a $1 billion “Future Fund” that will invest in charitable causes. The company is looking for projects that can safely advance AI, minimize the risk of biochemical disaster and end global poverty.
Announcement of the fund’s creation
What are the terms? Both non-profit and for-profit projects will be considered, as long as they are in line with FTX’s aims. Those wishing have until March 21 to apply for the first round of funding.
“Tech startups start small and then rapidly scale. We’d like to see that in philanthropy, too,” FTX says.
Useful material?
Articles
How the largest cryptocurrency exchange’s initiatives help it maintain its leadership
Nov 19, 2022
Articles
What fan coins are needed for and what events contribute to their growth
Nov 16, 2022
Articles
Why Binance set the trend to publish transparent data on available funds
Nov 14, 2022
Articles
The journalists got acquainted with the documents revealing the details of the financial condition of the exchange
Nov 13, 2022
Articles
Desperate traders with stuck assets resort to semi-legal schemes to save deposits
Nov 11, 2022
Articles
Experts predict when to expect new peaks of the crypto market by analyzing its previous cycles
Nov 10, 2022