Could Blockchain Tech Be a Boon for Psychedelics?

April 19, 2021 11:40 AM EDT

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In the first few months of 2018, the Multidisciplinary Association for Psychedelic Studies was struggling to raise the finances it needed to conclude phase 3 of its clinical trials, which would allow the FDA to approve its MDMA-assisted therapy. Surprisingly, the funds were availed to the nonprofit organization through cryptocurrency.

An anonymous individual, using the name Pine, created a philanthropic project that has made donations to 60 charities in the form of Bitcoin, known as the Pineapple Fund. The anonymous donor donated $5 million dollars’ worth of Bitcoin to MAPS, which enabled&

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