CHICAGO, August 24, 2022 /PRNewswire/ — Mint Werx has announced its partnership with BlueRidge Data (BRD) from Leesburg, Virginia, to jointly bring custom-configured Web3 solutions to empower higher education institutions and non-profit organizations. The companies will offer vital funding application services for next-generation alumni, including college foundations, advancement offices, career services, institutional research, admissions and athletics. Future releases will include additional campus features including tuition, admissions, ticketing, e-commerce, institutional search and more.
Built from Mint Werx’s new DonorFi™ technology, the solution will seamlessly integrate with existing donation websites and pages, giving donors an easy way to donate cryptocurrency. The fully managed service uses customized processes for end-to-end settlement of donor transactions, simplifying the ability to accept crypto donations and eliminating the need for donors to liquidate their cryptocurrency before donating. According to the IRS*, donations of cryptocurrency are generally treated as property and, like real estate or stock donations, the donor may not recognize the income, gain or loss of the donation when the cryptocurrency is donated to charities. As a result, donors can realize incentives to donate cryptocurrency, while universities and nonprofits can maximize the benefits of receiving higher gross donations.
These plans are supported by recent market data that shows:
- The average nonprofit donor is 65 while the average crypto user is 38.**
- 13% of investors hold cryptocurrencies in their portfolios while 35% of millennials have invested.***
- Nearly 90% of millennials say charitable giving is an important part of their lives, compared to 74% of the total population.***
- 45% of crypto users make at least one donation $1,000 to charity each year, while only 33% of traditional investors donate.***
* Tax Notice 2014-21
*** Fidelity Charitable Report
Mint Werx is a premium Web3 production studio that provides state-of-the-art and scalable blockchain solutions. With DonorFi™the company leverages its expertise in Web3, media and marketing to offer fully integrated products and services that not only provide universities and nonprofits with a fundraising tool, but also a resource for create community campaigns that harness the power of the blockchain platform.
BRD, a leader in fundraising data technologies, plans to integrate these solutions into its suite of advancement products and services as young and affluent portfolios increasingly become part of institutions’ strategies.
Together, Mint Werx and BRD will bring their expertise in Web3, nonprofits, and higher education to the forefront by combining their best fundraising products and services with next-gen blockchain technology, creative design, marketing and community engagement capabilities. Using non-fungible tokens (NFTs) and other blockchain services, companies will offer a full suite of products and services to support fundraising campaigns and other community building initiatives for nonprofits. profit and higher education institutions. BRD and Mint Werx have several additional blockchain solutions currently in development and will provide additional announcements at a later date.
Steve HafnerCEO and Founder of BRD, said, “We are thrilled to be one of the pioneers in this space as part of our CryptoGiving solutions portfolio. The Mint Werx team is an ideal partner for us as they are an industry powerhouse on blockchain solutions, whether it’s technical, regulatory, creative, operational or production, and we have extensive expertise in data and Of the industry. There has been more discussion of cryptophilanthropy in the past twelve months than there has been in the past five years. We saw a $5 million cryptocurrency gift to University of Pennsylvania Wharton School (the largest of all time in higher education), named stadiums, sponsored sports teams, TV commercials and even universities with NFTs, and the list goes on.”
ryan sandsSenior Vice President of Mint Werx, said, “With BRD’s deep relationships, many years of industry and data solutions experience, we believe it is the go-to partner for purpose-driven segments. non-profit and higher education. By simplifying complex technologies, our solution will connect universities and nonprofits to new audiences and foster deeper connections that go beyond a transaction and foster deeper affinity and engagement.™ is a perfect complement to BRD’s product portfolio, and we are excited about the possibilities of providing additional custom solutions to the space.”
BlueRidge Data, LLC helps higher education better understand its constituents by providing hard-to-find alumni information for foundations, advancement, alumni associations, athletics, career services, and institutional research to “identify , inspire and engage”.
A division of Fusion92a leader Chicagoindependent marketing innovation company, Currency Werx provides state-of-the-art, scalable and one-of-a-kind NFTs and dynamic platforms, producing, creating and activating authentic digital expressions that last a lifetime.
BlueRidge Data, LLC
SOURCE Mint Werx