Coinshift, Crypto Crowdfunder EarthFund Team Up
Crypto treasury management and infrastructure platform Coinshift announced on Tuesday (August 2) that it has formed a partnership with decentralized crowdfunding platform EarthFund.
According to a press release, the partnership will see Coinshift help secure and manage the coffers of all projects in the EarthFund ecosystem.
Coinshift CEO Tarun Gupta said the partnership reflects the company’s belief in the “transformative power of DAOs,” or decentralized autonomous organizations.
Read more: PYMNTS DeFi Series: Unpacking DeFi and DAO
As PYMNTS has noted, DAOs are established by central authorities, specifically the developers who built the protocol they created. It can be a decentralized exchange, marketplace, lending/borrowing platform or video game. In most decentralized finance projects, the goal is to transfer control to a DAO after launch.
“By supporting DAOs dedicated to improving the world, EarthFund advances this initiative. Coinshift’s intuitive V2 platform is designed to provide DAOs with simple, transparent and secure treasury monitoring and management services, allowing these ecosystems to focus on what really matter and scale efficiently,” said Gupta.
EarthFund offers a DAO-as-a-service platform that helps philanthropic causes create decentralized communities without the need for technical knowledge, thereby giving charities access to new sources of funding.
Adam Boalt, co-founder of EarthFund, said one of the company’s “core missions is to make crypto accessible and easy by putting a premium on user experience and ease of use.”
Learn more: Crypto Treasury Management Firm Coinshift Raises $15M
The company’s first cause was the Mental Health and Wellbeing group founded by Deepak Chopra, The Chopra Foundation and NeverAlone, which has amassed a crypto treasury of more than $2 million from its initial token (NeverAlone) and crypto donations.
The partnership comes months after Coinshift announced it was ready to launch a new version of its platform following a $15 million Series A funding round.
Founded in 2021, the company has said it manages more than 1,000 crypto safes, $1.3 billion in assets and $80 million in payouts for organizations including Consensys, Messari, Biconomy, Uniswap, Perpetual Protocol and Balancer.
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