Crypto Aid Israel, a hastily assembled collective of Israeli Web3 community members and international companies, has distributed aid to several nongovernmental organizations in Israel to provide much-needed supplies during the ongoing conflict in the country’s south.
The organization is a collective of Israeli Web3 community members and international companies striving to alleviate suffering in the south of Israel.The Crypto Aid Israel collective has raised over $185,000 since its creation less than two weeks ago and has distributed aid to several humanitarian groups.
The organization has carried out two rounds of aid distribution so far, dispensing around $50,000 . Nongovernmental organizations benefitting from its efforts include the Foundation for Advancing Citizens of Eshkol Regional Council, which has provided transportation and shelter to people living close to Gaza.
Latet is using funds for a large-scale operation to provide food and hygiene products for people from the south of Israel who remain there or have been relocated. Eyal Gura, crypto and new digital initiatives adviser to Latet, said: “We believe that while modest initially, the crypto channel is an important, speedy and innovative one and will enable new contributors to join our global ecosystem and support Israel in such an important hour.“, with companies providing support as well. Global accounting firm KPMG assisted with fundraising and distribution. Zengo, Fuse, Wonderland, Psagot Equity and other companies have contributed to the effort as well.
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