American Cancer Society Revolutionizes Cancer Research Funding with Gitcoin

Nov 27, 2023

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American Cancer Society leverages Gitcoin for decentralized open-source cancer research funding

Summary

The American Cancer Society (ACS) has partnered with Gitcoin, a leading figure in open-source funding, to leverage web3 technology and drive its ACS Cares program and Crisis Response Fund. This collaboration aims to support groundbreaking cancer research, health equity initiatives, patient support programs, and provide lodging for cancer patients undergoing treatment.

Introduction

In a move that blends innovation with philanthropy, the American Cancer Society (ACS) has embraced web3 technology by partnering with Gitcoin, a leading figure in open-source funding, according to a statement shared with CryptoSlate. This strategic collaboration signifies a milestone for the ACS as it steps into the decentralized world of web3, leveraging Gitcoin’s expertise to drive its ACS Cares program and the Crisis Response Fund.

Main Points

  • The ACS round, separate from the regular Gitcoin Grants program, aims to benefit the ACS Cares program and Crisis Response Fund directly, supporting cancer research, health equity initiatives, patient support programs, and lodging for cancer patients undergoing treatment.
  • Gitcoin, known for its utilization of Quadratic Funding (QF), has played a significant role in the web3 ecosystem. QF values the number of contributors over the total donation amount, ensuring equitable allocation of funds to projects that resonate with the public.
  • The partnership between the ACS and Gitcoin enables the ACS to access a community of technologists and crypto enthusiasts passionate about driving positive change. This collaboration combines Gitcoin’s blockchain expertise with the ACS’s commitment to cancer research, prevention, and healthcare.
  • The Public Goods Network (PGN), an innovative project in the Gitcoin ecosystem, operates as a low-cost Layer 2 OP Chain, generating funds for public goods through transactions and providing a cost-effective alternative to the Ethereum mainnet for users and developers.

Conclusion

The American Cancer Society’s partnership with Gitcoin represents an innovative approach to fundraising in the philanthropic world. By embracing blockchain technology and community-driven funding, the ACS is advancing its mission to combat cancer and setting an example for other non-profit organizations to explore the transformative potential of web3.


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