In episode 119, we’re excited to welcome Mitch, DAO Steward at Giveth, a community-driven movement to transform the way we fund nonprofits and social causes. We discuss how they are using Web3 tools to reimagine philanthropy and the donor experience, DAOs and Giveth’s “Decentralized Altruistic Community”, optimizing public goods funding with conviction voting and quadratic funding, and much more.

--Three Key Takeaways--

• Traditionally, donors are rewarded for their contributions with a tax receipt and will often receive thank you letters and small gifts from charities. Web3 opens the door to more engaging rewards and recognition opportunities including special tokens which can be exchanged for rewards or sold on secondary markets, opportunities to participate in a DAO, token-gated NFTs, and more.
• Quadratic Funding provides greater matching funds to projects with the most unique donations, not those that just receive the most money. It empowers smaller donors by amplifying the impact of their contribution and minimizing the disproportionate impact of wealthier donors.
• Smaller nonprofits, grassroots organizations, and informal social movements are often excluded from traditional fundraising mediums, despite often being the ones implementing real change locally. By decentralizing the giving process, and creating new mechanisms for verifying projects, it can ensure that grassroots changemakers who are working on the frontline get the funding they need.

--Full shownotes available at--
https://www.cryptoaltruism.org/

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--DISCLAIMER --
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity, before making an investment. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More on the disclaimer at cryptoaltruism.org.

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