A massive earthquake hit southeastern Turkey along the border with Syria on Feb. 6, which has so far caused the death of more than 5,000 people. The quake had a magnitude of 7.8 on the Richter scale, which is internationally categorized as a “major” earthquake, and occurred along 100km (62 miles) of the fault line.
Infrastructure in the area suffered major damages, resulting in a deadly cross-border humanitarian disaster.
However, the world was quick to respond. Across the internet and various social media platforms, people have been gathering funds for local and international aid organizations to provide relief to those in the affected areas.
Two of the largest aid efforts in Turkey, AFAD Turkiye, the government agency for such disasters, and the NGO Ahbap, led by philanthropist Haluk Levent, have been at the head of organizing an influx of aid.
Levent announced that his organization has opened up crypto addresses in order to accept aid in various forms of virtual currencies.
Refik Anadol, a Turkish artist and art director, also started a crowdfund via an (ETH) address, in which he will transfer the collected funds to both AFAD and Ahbap.
Within the Web3 space, various companies in the industry have stepped up to provide help, be it in the form of crypto or fiat donations or even physical aid.
Crypto derivatives traders Bitget announced that it will commit 1 million Turkish Lira (TRY) (~$53,000), together Bitfinex, Keet, Synonym and Tether pledged 5 Million (TRY) (~$265,500), and Gateio pledged 1 million (TRY) (~$53,000).
Local Turkish crypto exchange Bitci sent an aid truck to the earthquake zone while announcing that all commission income for the month of February will be donated to Ahbap on behalf of the Kahramanmaraş-centered earthquake. Icrypex announced coordination efforts with AFAD and Ahbap.
BtcTurk told Cointelegraph that, aside from donating 6 million TRY ($318,000) to Ahbap and Akut organizations, the Turkish crypto exchange sent 1.2 million TRY ($62,000) worth of clothing aid to the zone in coordination with local governments.
The Turkish branch of ByBit and OKX have both committed to send $100,000 and 1 million TRY (~$53,000) in aid, respectively.
Related: DeFi, DAOs and NFTs: Crypto is redefining how charities raise funds
Cointelegraph also spoke with Sebastien Borget, the co-founder and chief operating officer of the Sandbox, about his efforts with Sandbox Turkey to provide on-the-ground support for the local communities.
“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 said together with the Sandbox Turkey, they’ve helped fill a truck with urgent supplies for the victims and people affected and look for options for more long-term support.
Nonfungible tokens (NFTs) have also been mentioned as a possible way of fundraising for the disaster.
Turkish NFT artist Pak tweeted about an (ETH) donation to Ahbap, along with plans for an NFT initiative for long-term support. Gateio, in its proposal, also mentioned developing an NFT aid initiative for additional support in the near future.
This is a developing situation that Cointelegraph is monitoring. This article will be updated with any relevant information.
Source: Read Full Article
South Korea FSC: Overseas exchanges must register with AML body
Bitcoin Cash Price: The Push to $775 is in Effect
Bank of Thailand Considers Blockchain for Cross-Border Payments, Fraud Reduction
Evercoin 2 Joins the Mobile Hardware Wallet Market
No Dialogue Between Libra and the Swiss Despite Facebook Claims