Amid the ongoing fight between Israel and Hamas, the crypto industry has stepped in to provide aid to those worst affected by the Hamas attacks. A conglomerate of blockchain and web3 companies have created Crypto Aid Israel with the goal of using digital assets to deliver relief to citizens on the ground.
More than a dozen Web3 firms have thrown their weight behind the initiative including Fireblocksת MarketAcross, and CryptoJungle. Collider Ventures, Zengo, and Blockchain B7 are also involved. Together, they encompass a broad spectrum of businesses operating within the blockchain space. The crypto community is being encouraged to step up and pledge its support through donating with their preferred currency, be it BTC, ETH, USDC, or USDT.
Crypto Rises to the Challenge
Israel, its tech capital of Tel Aviv in particular, is a hotbed of crypto innovation. Blockchain startups of all kinds are headquartered there, along with organizations such as the Israeli Blockchain Association that are dedicated to educating the public on all things crypto. A region that has given so much to crypto is now poised to receive something in return through Crypto Aid Israel, whose mission is to provide direct funding for citizens displaced by the conflict.
The surprise attacks by Hamas have caused widespread death, destruction, and displacement, with numerous civilians on the move in a bid to find safety. Many have lost their homes and possessions in the process. Supplying aid to Israelis forced to abandon their homes and seek sanctuary elsewhere can go some way…
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