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Twitter CEO Donates $1M to Coin Center

Dorsey's gift is the latest in a stream of donations to Coin Center.

Updated Sep 14, 2021, 12:10 p.m. Published Feb 10, 2021, 7:28 p.m.
Jack Dorsey speaks at Oslo Freedom Forum 2020
Jack Dorsey speaks at Oslo Freedom Forum 2020

Jack Dorsey donated $1 million to cryptocurrency policy think tank Coin Center, per a tweet announcement from the organizations director Jerry Brito.

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  • The donation comes amid Grayscale's donations campaign for Coin Center offering to match up to $1 million in donations on top of an additional $1 million gift from Grayscale. Grayscale is a CoinDesk sister company.
  • "Thank you for your incredible work," Dorsey told Brito on Twitter.
  • These donations are the latest in a flood of support for the Washington, D.C.-based organization. In late December, crowdsourced donations on Gitcoin and other gifts from crypto companies saw hundreds of thousands of dollars gifted to Coin Center.

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Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

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Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

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Tokenized gold has improved the traditional store of value metal's utility, while bitcoin trades like a risk asset amid uncertain times, one expert noted.

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  • The moves occurred as gold prices surged to new records above $5,300.