Many companies within the space have been offering up funds, on-the-ground aid and even future NFT charity initiatives to support those in need.
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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.
Dear friends, ETH wallet to support people in earthquake region. This funds will help so much for people under massive challenges in the most cold days. Hope we can gather together a strong support in web3 community!
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.
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, theyve helped fill a truck with urgent supplies for the victims and people affected and look for options for more long-term support.
(Photo courtesy of Sebastien Borget)
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.
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