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London Tech Week

Female co-founded Orca, a decentralised cryptocurrency exchange on Solana blockchain raises over $2M, launches Web3 climate funding

Orca-founders
Image credits: Orca

Orca is the toolkit for Web3 builders, which offers easy-to-integrate, capital-efficient, permissionless liquidity provision and trading of crypto. The Solana-based liquidity platform has announced the launch of the Orca Climate Fund. The fund is reflective of its mission to combat climate change and promote sustainable practices in crypto

Orca Climate Fund 

Designating over $2 million to green initiatives with a focus on education and sustainability, the Orca Climate Fund will make a donation of $550K towards ocean initiatives to Ocean Conservancy, one of the world’s largest environmental protection non-profit organisations. 

The Orca Climate Fund will focus on promoting change at the intersection of climate and Web3. In addition to making charitable contributions, the Orca Climate Fund will explore ways that DAOs can take a leadership role in combating climate change and encourage traders, validators, and builders to adopt climate-friendly practices. It aligns with Orca’s own goals of driving energy efficiency. 

Orca itself is built on Solana, which is staggeringly energy efficient. In 2021 the Solana Foundation managed to make the entire chain carbon neutral by offsetting the carbon produced by the validator network.

“Orca is dedicated to driving sustainable practices industry-wide,” said Orca co-founders Ori Kwan and Yutaro Mori. “The Climate Fund is reflective of Orca’s mission to promote sustainable practices in crypto and combat climate change. We look forward to inspiring others within the broader crypto community to take action and use their influence to promote philanthropy and purposeful giving to initiatives that show how as an industry we’re taking action to address climate change .” 

“Plastic pollution is one of the most visible and prolific threats facing our ocean today,” said Nicholas Mallos, Vice President of Conservation, Ocean Plastics, at Ocean Conservancy. “The problem is global, but the solutions must be local. Ocean Conservancy’s Small Grants Program supports community-based, community-led projects that are having a tangible impact combating ghost gear and plastic pollution more broadly. We are thrilled to have the Orca community’s support on this important work.”

Aflatoun gets $967K 

The decision of Ocean Conservancy as the recipient was voted on by members of the Orca community. The fund currently has a remaining balance of $677k. Orca’s donation to Ocean Conservancy is its second major donation, with $967K being donated to Aflatoun, a non-profit focused on education in developing countries for the development of a crypto education curriculum. 

Both the Ocean Conservancy and the Alfatoun donations are made possible through Every.org, a nonprofit which facilitates cryptocurrency donations to charitable organisations.  

“The support to Ocean Conservancy is an excellent development,” said Roeland Monasch, CEO of Aflatoun. “Climate action and empowering youth with green skills, digital skills, and understanding finance are all essential parts of responsible resource management which urgently need to be scaled around the planet”.

Solana blockchain-based platform

Ori Kwan and Yutaro Mori co-founded Orca in 2021 as a decentralised cryptocurrency exchange on the Solana blockchain. It is the liquidity toolkit of choice for an increasing number of Web3 games. Instead of building a custom DEX, existing games can take the following handy shortcut of creating concentrated liquidity pools on Orca using Community Listings, enabling trading of game assets in the game’s marketplace using the Orca SDK, and charging a sourcing fee on each trade. 

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