Following the deaths of individuals in southern Turkey as a result of a 7.8-magnitude earthquake, the Web3 community banded together to draw attention to the incident and assist those who were injured. The magnitude of the earthquake was too huge that it made headlines everywhere, even the metaverse news.
On February 6, a large earthquake struck southeastern Turkey near the Syrian border. It has killed around 5,000 people so far. The earthquake measured 7.8 on the Richter scale, which is considered a “big” earthquake around the world. It occurred along a 100-kilometer (62-mile) stretch of the fault line.
The infrastructure in the area was severely damaged, resulting in a devastating cross-border humanitarian tragedy.
But the rest of the globe rushed in to aid. Through the internet and various social media sites, individuals have been collecting money for local and international aid organizations to support people in the impacted areas.
The government agency AFAD Turkiye and the NGO Ahbap, led by philanthropist Haluk Levent, are two of Turkey’s largest relief organizations. They were in charge of organizing a big amount of assistance.
Levent stated that his organization has set up crypto addresses to accept donations in various forms of digital money.
Refik Anadol, a Turkish artist and art director, also created a crowdfund with a $1,635 address. He plans to donate the funds generated to both AFAD and Ahbap.
Several companies in the Web3 industry have stepped forward to help, either by donating crypto or fiat funds or by providing actual assistance.
Bitfinex, Keet, Synonym, and Tether have each pledged 5 million Turkish liras ($265,500), while Bitget, a crypto futures dealer, has pledged 1 million Turkish liras ($53,000). Gateio also contributed one million Turkish liras ($53,000).
Bitci, a Turkish cryptocurrency exchange, delivered a truck full of goods to the earthquake area and announced that all of its commission income for the month of February would be donated to Ahbap to assist with the earthquake in Kahramanmaraş. Icrypex stated that they will collaborate with AFAD and Ahbap.
BtcTurk told Cointelegraph that, in addition to donating $318,000 to the Ahbap and Akut charities, the Turkish cryptocurrency exchange also donated $62,000 in clothing to the area in collaboration with local governments.
Both the Turkish divisions of ByBit and OKX have committed to giving $100,000 and 1 million liras (about $53,000) in aid.
The co-founder and chief operating officer of The Sandbox explains about what he is doing to aid local communities through The Sandbox Turkey.
“Our thoughts are with the Turkish people today. Together with The Sandbox creator community in Turkey, we are in touch with relevant non-governmental organizations to create a relief fund and support earthquake-affected areas.”
He stated that, with the assistance of The Sandbox Turkey, they have helped fill a truck with critical goods for the victims and affected individuals and are exploring for long-term ways to assist them.
Nonfungible tokens (NFTs) have also been proposed as a means of raising funds for catastrophe victims.
Pak, a Turkish NFT artist, tweeted about an ETH donation to Ahbap and plans for a long-term NFT project to assist Ahbap. http://Gate.io ‘s plan also mentioned launching an NFT aid campaign shortly to provide greater assistance.
Content Source: cointelegraph.com
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