The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax-deductible. Your contribution is tax-deductible to the fullest extent permitted by law. Since Stryve Inc is a registered 501(c)(3) non-profit organization, all donations are tax deductible. Our EIN is 83-2874551 and our IRS confirmation letter can be downloaded here.
100% of the cryptocurrency donations will be used to setup our clients with paid work. We have setup a program to train interested clients to gain a paying job within the NFT world, the initial setup for 1 person with a disability to start this job will cost about $600 in Cryptocurrency. Your donations really make an impact for our clients, and we are extremely grateful for your contributions.
Clicking the Crypto Donation button below will transfer you to our 'Coinbase Merchant Page' where you can donate with a wide variety of cryptocurrencies.
What's an NFT?
NFTs are tokens that we can use to represent ownership of unique items. They let us tokenise things like art, collectibles, even real estate. They can only have one official owner at a time and they're secured by the Ethereum blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence.
NFT stands for non-fungible token. Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. These things are not interchangeable for other items because they have unique properties.
Fungible items, on the other hand, can be exchanged because their value defines them rather than their unique properties. For example, ETH or dollars are fungible because 1 ETH / $1 USD is exchangeable for another 1 ETH / $1 USD.