Tor Project Received Nearly $1 Million in Donations, 58% of it Were In Cryptos

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Photo by Sergey Zolkin via Unsplash
Photo by Sergey Zolkin via Unsplash

Crypto donations to The Tor Project — the privacy-focused nonprofit website soared by 841 percentage points in 2021 on a year-over-year basis, according to a blog post by the company.

The Tor Project is a non-profit that focuses on the development of privacy network and private web browser Tor. The platform works on providing people with more privacy. In January, the team behind the project published the fundraising results, which happened during 2021.

The project raised $940,000. Fifty-eight percent of donations came from cryptocurrencies. The amount is far larger than the one that was raised in 2020 when donors generously sent $58,000 worth of cryptos.

“It’s clear that cryptocurrency folks are extremely philanthropic, and that they care deeply about privacy online,” The Tor Project fundraising director Al Smith told CoinDesk.

Sixty-eight percent or $371,000 were sent in Bitcoin. Twenty-eight percent ($154,000) were sent in Ether, and 2% ($9,000) were sent in DAI. Finally, the project received $71 in Monero crypto, equivalent to one percent of the total donations.