Elon Musk’s brother, chef and entrepreneur Kimbal Musk, showed yet another unusual use case for the decentralized industry.
Tesla Inc. and SpaceX board member Kimbal Musk is confident that Web3’s values and practices will greatly benefit philanthropy. Kimbal Musk has stated that he can unlock twelve-digit funds for Web3’s philanthropy segment.
https://twitter. com/kimbal/status/1464281631594668033
Can Improve Resource Efficiency
This astonishing amount can only be added to the volume of money in this area in the United States, let alone other countries. Bringing decentralized tools to charities can significantly improve resource efficiency. According to Musk, Web3 tools will remove unnecessary elements of bureaucracy. Some of Musk’s followers agree with him. Some commentators even added that Web3 tools can remove not only bureaucracy but also corruption when it comes to philanthropy.
Many actors in crypto are already doing charity work. For example, many NFT products offer charitable giveaways. Binance and Tron-backed APENFT hosted the Charity Mystery Box event to support environmental charities One Tree Planted and the Koala Clancy Foundation.