Crypto Altruism Podcast Episode 119 - Giveth - Building the future of giving by empowering a global “decentralized altruistic community”
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.
Follow Mitch and Giveth
Episode Time Stamps
02:05 - What was your “Ah hah” moment that got you excited about cryptocurrency and web3 in the beginning?
05:05 - Can you please give listeners a high-level overview of Giveth and your mission?
06:15 - On your website, you pose a question – “What if donating were mutually beneficial, and nonprofits could evolve their fundraising to maximize impact?” One of the current challenges with philanthropy, is that it lacks donor engagement, and feels like a transactional relationship between donor and charity. How is Giveth addressing this?
08:25 - I understand that donors can get rewarded for donating to verified projects – tell me more about this?
10:30 - One of the cool features of Giveth is the concept of GIVpower, that allows community members to “boost” the order in which projects appear. How does this work?
12:10 - What are verified projects? How do projects become verified?
15:20 - I understand that you recently integrated quadratic funding into your platform. Tell me more about this. What has been the impact?
20:10 - Talk me to me about the governance of Giveth and the Giveth Decentralized Altruistic Community.
24:25 - Do you have any success stories you would like to share? What has been Giveth’s overall impact?
26:45 - What’s the best way for listeners to learn more about Giveth and to join the community of givers?
28:40 - To wrap things up, if you could name one thing that excites you most about the social impact potential of web3, what would it be and why?
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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. 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 available HERE.
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