Burning Man Embraces Bitcoin

Burning Man bitcoin
Burning Man Embraces Bitcoin
5 (100%) 1 vote

NEW YORK (InsideBitcoins) – Burning Man, the iconic social arts event held annually in the Black Rock Desert in northern Nevada, is embracing bitcoin. By partnering with Coinbase, donations are now accepted in the digital currency to fund the organization’s programs.

As more and more people buy digital currency and the bitcoin era develops, accepting donations in cryptocurrency makes sense. “Donations will help provide more grants, training and support to creators of radically interactive art and events on and off the playa, fund civic programs, teach communities the power of collaboration, strengthen our infrastructure and make the Burning Man experience accessible year-round,” said CEO Marian Goodell. “Accepting Bitcoin for donations is an experimental first step. We plan to explore other possibilities in the future, including expanding Bitcoin to the ticket-buying process.”

While ticket sales cover the cost of producing the event in Black Rock City, all donations support Burning Man’s year-round programs, projects and initiatives. Because Burning Man is a recognized non-profit, donations are tax-deductible.

“Burning Man has been a crucible of innovation for nearly 30 years and it makes sense for us to give people the widest variety of options for supporting Burning Man culture out in the world,” Goodell added. “Coinbase provides a robust, secure platform that includes the added benefit to donors in that they do not assess fees to non-profits.”

As Bitcoin is further implemented into programmatic methods such as bitcoin robots, Burning Method’s acknowledgement comes only as a slight surprise.

In a statement the organization said that in addition to building capacity to respond to the ever-growing number of requests for partnership and collaboration, Burning Man is developing programs designed to “increase self-reliance, civic involvement, creative capacity, sharing and inclusion.”

Donations help support Burning Man’s Global Art Grants, the Big Art for Small Towns program and art honorariums for Black Rock City. Burning Man also supports civic art programs, Burners Without Borders and grants for community initiatives. Around the world, Burning Man facilitates a regional network of more than 250 volunteer regional contacts on five continents, hosts an annual Global Leadership Conference and a European Leadership Conference scheduled for February 2015.

The week-long event begins on the last Monday in August, and ends on Labor Day, the first Monday in September.

Photo credit: Duncan Rawlinson – @thelastminute – Duncan.co

About Inside Bitcoins

Comments are closed.