As per the latest reports, the Internet Archive has reportedly received a donation from Filecoin Foundation. For those not having an idea about the Internet Archive, it is a non-profit that is based in the United States. It is known for supporting Wayback Machine, which is a major digital archive.
The sources have confirmed that the donation that Internet Archives has received from Filecoin Foundation is in the form of cryptocurrencies that are worth a total of $10 million.
The announcement around the donation amount was made on Friday, April 2, 2021. According to the announcement, Filecoin Foundation has reportedly donated a total of 50,000 Filecoin (FIL). At the time of writing, the 50,000 Filecoin (FIL) tokens translate into $10 million.
The $10 million donation is aimed at Internet Archive to expand its services and storage for knowledge. The donation would eventually help the firm increase its online library catalog and offer more services to the users. At present, the library offered through Internet Archive includes features such as software, music, web pages, data, and books.
According to the reports, Filecoin Foundation has not only gone for a donation but has also taken a step further. It has been reported that Brewster Kahle, the founder of Internet Archive, and Wendy Hanamura, director of partnerships have also joined Filecoin Foundation.
Filecoin Foundation has revealed that Kahle and Hanamura will become part of Filecoin Foundation’s boards of advisors.
Brewster Kahle is the founder of the Internet Archive who founded it back in 1996. Apart from being the founder of Internet Archive, he is also prominently known as a computer engineer and a digital librarian. Kahle stated that he created the Internet Archive platform with the aim to record the entire internet.
According to Kahle, he is hopeful that Internet Archive will not be the only platform currently offering the crypto-blockchain community such services. He also stated that in the coming days, Internet Archive will be expanding the catalog of the services it currently provides users.
The platform has been making all the necessary efforts in order to introduce and expand digital libraries, making them more decentralized.
Internet Archive had reportedly started accepting cryptocurrencies for donations. The non-profit organization currently accepts donations in the form of Bitcoin (BTC) and started doing it back in 2011.
According to stats and data, the Internet Archive has received 880 Bitcoin (BTC) ever since it started accepting donations in cryptocurrencies. In order to receive donations in Bitcoin (BTC), Internet Archive had provided the Bitcoin (BTC) address on its website for donations.
At the time of writing, the Internet Archive has a total of 4.5 Bitcoin (BTC) that are reflecting on its donation meter.