There’s a lot of buzz about crypto in the not-for-profit sector right now. The prospect of a wave of Millennials with a social conscience becoming instant web3 billionaires is a compelling opportunity for fundraisers. And there’s no shortage of experts offering to connect NFPs with a digital wallet for donations or to partner in other ways. However, the decision to engage with crypto has significant long-term strategic implications for NFPs. I argue this is a board-level decision that should be informed by the organisation’s values.