American Cancer Society enters Web3 and has chosen Gitcoin Grants Stack as its toolkit

Officially, the American Cancer Society (ACS) has branched out into Web3 to explore alternative forms of capital allocation, choosing Gitcoin Grants Stack as its toolkit of choice. This is the second time Gitcoin technology has been used by a high-profile nonprofit, the first being in 2022 on a powerful QF collaboration pilot project with the United Nations Children’s Fund (UNICEF). It is reported that Gitcoin is a member of OKX Ventures’ investment portfolio, focusing on public goods funding and developer community support. Jeff Ren, member of the Gitcoin Steward Council and partner at OKX Ventures, said: “We are very excited to see this kind of innovation in traditional fields through blockchain technology, and Gitcoin brings positive social benefits to the developer community and wider society. Impact. This symbolizes the drive for positive social impact and increased mass adoption, and OKX Ventures will continue to support these efforts and related enterprises.”