Optimism addresses a donation address for earthquake victims in Turkey as support continues to flow

As Turkey recovers from the earthquake that claimed thousands of lives, many blockchain projects have launched donation campaigns to help the affected areas. This time Optimism Protocol took the lead.

Encryption protocols are setting an example

On February 11, decentralized exchange and payment network Connext announced on Twitter that it had created a new system to allow Turkey ReliefDAW to accept donations across multiple chains. This development came in response to the devastating earthquake that struck Turkey and Syria. In its statement, the Connext team expressed its condolences to those affected by the disaster.

Shortly after, Optimism Protocol, a Layer 2 scaling solution for Ethereum, tweeted that they had created a donation address where people could send support directly to affected areas. They also expressed their gratitude to Connext for publishing the contract that made the donations available.

This effort coordinated by the Connext and Optimism Protocol is an example of how blockchain can be leveraged for social good.

By creating a system for non-custodial donations, organizations allow people to contribute to relief efforts without relying on central intermediaries. This helps ensure transparency and accountability and enables funds to reach those in need more quickly.

Optimism is triggering the “Optimism Agora” as on-chain activity continues to rise

On February 11, Optimism Protocol announced the launch of the Optimism Agora, a new on-chain governance portal. The portal was created by Agora and brings the votes of the Token House to the full chain, improving the governance process for DAOs and blockchains. The launch of the Optimism Agora is the first step towards transitioning to full chain voting.

Previously, Optimism had a governance portal from which they were moving to a custom on-chain voting solution. All management proposals are put to a vote. The optimism group makes decisions through governance proposals that are accepted or rejected through a voting process. The transition to voting across the entire chain as described in the playbook, which described the voting process and listed the types of valid suggestions.

Crypto stars come together to shed light on Turkish earthquake victims

Turkish rock star Haluk Levent turned To the cryptocurrency community for donations to support the victims. Levent and charitable organization Ahbap have created a multi-signature wallet that accepts contributions in BNB Chain, Ethereum, and Avalanche from the cryptocurrency community.

Huobi promised 2 million TL, Bitfinex and Tether pledged 5 million TL, and Bitget committed to donating 1 million TL. Binance also pledged to drop $100 (1,883 TL) in BNB for users in the affected region.

Yesterday, Ethereum co-founder Vitalik Buterin also contributed to cryptocurrency efforts globally to help victims of the deadly earthquake. From EtherScan, Buterin donated 99 ETH, equivalent to $150,000, to Ahbap Earthquake Support in Turkey and Syria.

The recipient’s wallet, which holds about 393 ETH, is valued at around $600,000 based on current market prices. The combined value of the portfolio holdings is greater than $1.55 million.

As the world faces natural disasters and humanitarian crises, it is heartening to see the blockchain community come together to support those affected. The Connext Actions and Optimism Protocol serve as a reminder that technology can be a powerful force for positive change.