White Paper: Opportunities at the Intersection of Web3 and Social Change

Finally, I touch on a few other conceptual opportunities (DeFi, the economic self, and the power of pseudonymous identities), identify some cautions and concerns about the intersection of web3 and the social sector, and conclude with a list of ventures, solutions, and other things that maybe should be built in the future.

I start with the most straightforward: social sector organizations accepting crypto donations. Most nonprofits don’t have infrastructure to accept cryptocurrencies, but crypto is the fastest growing asset class in the US, and it will be strategic for nonprofits (and others) to have a crypto-giving plan.

I explore participatory fundraising models through decentralized autonomous organizations (DAOs). There have been some stunning examples of rapid fundraising through DAOs, and while t’s still unclear how DAO-based, participatory funding campaigns can be applied to the social sector, they do represent a new era of crowdfunding.

An alternative to the old-school endowmentapproach referenced to the left, an upstart socialjustice activist or a grassroots organization or anestablished nonprofit could create an NFT (or a seriesof NFTs) and sell them to their network of supporters.These digital goods could then be exchanged or sold,and the original creator would receive a royalt... See more

The social sector loves to read the damning Atlantic article on all the ways the system is broken but spends less time reading the TechCrunch article on how the newest technologies might — just might — shape the future system.

I explore how web3 technologies are democratizing wealth building and helping people build wealth through the ownership of assets. Organizations like Black Bitcoin Billionaires and others are using crypto to try to close the wealth gap in the US. In this section, I also explore ways where play-to-earn video games present income-generating opportuni... See more