I beg to differ. The original Handshake developers collected 10.2MM USD from sponsors and distributed it among free software and open source projects [0]. Actual USD were given out, not just magical internet money, eg FSF received 1 million [1].

[0]: https://handshake.org/grant-sponsors/

[1]: https://www.fsf.org/news/free-software-foundation-receives-1...