A swarm of social activists and entrepreneurs are brainstorming on an idea of birthing a DAO focused on abortion, following a leak in line with the Supreme Court draft opinion on Roe v. Wade.
They see this as a solution for many women who will soon lose access to abortion facilities once these services are restricted in certain states.
Suggested Reading | Crypto Regulators From 5 Countries Identify A Potential $1 Billion Ponzi Scheme
DAOs or Decentralized Autonomous Organizations operate under smart contracts without any central or governing authority. Unlike regular organizations, DAO participants don’t need to know each other and can be complete strangers in a network. Trust isn’t an issue because the blockchain network itself is tamper-proof.
DAOs, or Decentralized Autonomous Organizations, function under smart contracts in the absence of a central authority or governing body (PCMag).
DAOs would usually be an investment vehicle or a charitable venture to raise funds in support of a cause. This very same DAO has raised funding to help people in Ukraine who were afflicted by war. There were even NFT artists who joined forces to raise funds for the victims of the Russian-Ukraine war.
DAOs have helped with many social, environmental, and political causes. And now, it’s turning its attention to abortion.
According to CDC (2019), there are over 195 abortions for every 1,000 live births. The United States alone registered a total abortion count of 625,346 in women whose ages range between 15 to 44 years.
Pro-abortion activists are seeing DAO and the blockchain network as a way to help women fund abortions.
Pro-abortion advocates view DAO as a means of assisting women in financing abortions (Vox).
However, the way that the blockchain works could pose some privacy risks for women getting abortions. For one, it squashes anonymity. In effect, women who are paying for abortion plus those funding this project are exposed.
Nonetheless, nonprofit and pro-abortion activists are optimistic about the idea of having to raise money for abortive women.
Pro-abortion programs aren’t new. In fact, many grassroot initiatives providing financial funding for abortion causes have been operating for decades.
In fact, even major companies such as Citigroup and Amazon help their employees by covering travel costs to get an abortion. On the other hand, there are many states that penalize anyone who participates in abortion practices or funding such.
Kimberly Mutcherson, Professor and Dean of Law at Rutgers Law School, advocated that if abortion is illegal in a particular state, it won’t matter what kind of abortion you had. It would still be illegal.
Dr. Giovannina Anthony, OB-GYN from Jackson, Wyoming has an office that facilitates abortion. She believes that once Rowe is overturned, women who are looking for abortion clinics will face new problems and challenges such as having to look for financial support for child care or risks of losing their jobs because of unplanned pregnancy.
Crypto total market cap at $1.27 trillion on the daily chart | Source: TradingView.com
People are now looking for crypto and DAO to fund abortion services as there are several nonprofit organizations that don’t accept crypto.
However, there seems to be a quickening going on, especially with the first crypto donation made to Planned Parenthood Federation. Eliss Maercklein, CEO of Crypto Chicks, made a 5 Ether donation to the organization.
And they have now started accepting crypto donations. DAO in support of abortion is now made possible along with other NFT or crypto fundraising programs for a cause.
Suggested Reading | Goldman Sachs And Barclays’ Investment In Elwood Tech A Major Triumph For Crypto Adoption
Friend.Tech, launched in 2023, uses "keys" for monetizing social interactions, attracting significant initial interest but facing challenges in sustaining engagement and revenue ahead of its version 2 launch.
MiyukiWorldcoin grapples with legal challenges over its data practices as it faces potential fines, yet WLD's market resilience shows the unpredictable nature of cryptocurrencies.
WeiliangMartin Grant’s inclusion signals a proactive approach by Binance.US to navigate the evolving regulatory landscape.
CatherineSolana's Parcl sees major withdrawals post-airdrop amidst a broader market downturn and network congestion.
AlexToncoin (TON) has surged over 112% in the past month, driven by a $115 million incentive program and the popularity of Notcoin, a Play-to-Earn game. Recent hints at an IPO by Telegram's co-founder have further fueled TON's meteoric rise, reaching a new all-time high of $7.65 in April 2024.
WeatherlyThe 2024 Bitcoin halving, marked by the emergence of spot Bitcoin ETFs and a dwindling tradable supply, presents a departure from past events. These novel factors, alongside uncertainty in the Federal Reserve's policy, introduce intriguing dynamics that could reshape Bitcoin's trajectory.
JoyUS and UK authorities are jointly investigating $20+ billion worth of crypto transfers routed through Russian exchange Garantex, raising questions about the scale and nature of these financial activities.
KikyoEIP-3074 needs careful integration to avoid potential risks to Ethereum accounts. It's important for wallets to display clearly what users are signing, akin to handling one's private keys.
AlexAfter Hong Kong's principal approval of BTC and ETH ETFs, Japan, Korea, Taiwan, and Singapore are also considering their own citizens' attitudes towards this development.
Miyuki在香港原则性批准BTC和ETH的ETF后, 日本, 韩国, 台湾和新加坡也在考虑自己国民对此的态度
Miyuki