Share this article

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.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

  • 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.

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Title Image

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

What to know:

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.

More For You

HYPE token's 30% surge is a story of crypto-traditional market convergence, treasury firm says

HYPE's price rise in candlestick format. (CoinDesk)

HYPE has surged 30%, outperforming bitcoin, ether and the CoinDesk 20 index by a big margin.

What to know:

  • Hyperliquid's HYPE token has surged more than 30% to $33, far outpacing bitcoin, ether and the broader crypto market, as trading activity on the platform accelerates.
  • The token rally represents the merging of traditional assets with the crypto world, according to Hyperion DeFi, which is a HYPE treasury company.
  • Originally a crypto perpetuals exchange, Hyperliquid has expanded into tokenized trading of equity indices, individual stocks, commodities and major fiat pairs via its HIP-3 upgrade.