CHEYENNE, Wyo.--(BUSINESS WIRE)--The DigiByte Alliance, founded to support education and innovation for the DigiByte blockchain, has been granted 501(c)(3) status by the Internal Revenue Service (IRS), and is now recognized as a tax-exempt public charity as described in Sections 501(c)(3), 501(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code. This designation is a watershed moment in the DigiByte public blockchain’s eight-year history, authorizing the DigiByte Alliance to receive contributions to support the development and growth of the DigiByte ecosystem through tax deductible donations, gifts, grants, bequests, and in-kind donations.
The DigiByte Alliance’s groundbreaking philanthropic approach to support a decentralized blockchain makes it one of only a handful of open-source public blockchains supported by a public non-profit 501(c)(3) organization. The DigiByte Alliance will work with organizations and individuals committed to supporting DigiByte, whose growth and...
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