Crypto Altruism Podcast Episode 52 - Favrit & Kindred Hearts - NFTs to drive financial inclusion and social change
In this episode we welcome Johnny Utah, the Founder of Favrit, a web3 organization with a mission to financially empower under-resourced communities and causes with art, cryptocurrency, and NFTs. Favrit is driven by the collective desire to affect positive social change through financial inclusion and empowerment. In this episode, we discuss their inaugural NFT project, Kindred Hearts, and how NFTs and web3 can drive financial inclusion and social change, and build stronger communities.
Our guest, Johnny Utah, Founded Favrit in 2021 with the mission to use web3 to make the world a better place. Johnny's professional background is in Enterprise software security, and his passion is around the Crypto and NFT markets. He led the launch of the Kindred Hearts Art Collectible project in March 2022, with plans to drive value for holders while making an impact IRL.
Five Key Takeaways
It’s all about the team – any web3 project, including Favrit and Kindred Hearts, is driven by a team of talented individuals, which acts as the foundation. It’s important to build out this foundation as a first step.
There is a lot of virtue signaling in the web3 space. It is important to seek out projects where social impact is core to the mission, and not just an after thought.
NFTs and crypto can help level the playing field by providing new opportunities for creators, and greater accessibility to financial services for those who have traditionally been excluded.
Web3 is all about community – it’s important to build a strong, unified community of support around your project.
Web3 projects must stay true to their North Star
Follow and learn more
Follow Kindred Hearts on Twitter
Episode Time Stamps
01:36 - What was your “Ah hah” moment that got you interested in cryptocurrency and web3?
02:52 - Tell me about Favrit, and how it all got started.
03:48 - Tell me about the origin of the name Favrit.
05:03 - Tell me about Kindred Hearts, the first NFT project launched by Favrit.
07:00 - Tell me about the heart as the symbol behind your first NFT project – and the different layers behind each Kindred Heart card.
08:07 – I understand there are 50 artists behind the project, can you tell me more about them?
09:45 - I understand that 20% of mint sales and 3% of recurring sales are going to community causes. Tell me about some of the causes you are supporting.
11:54 - What is the long-term vision for Favrit?
14:09 - Let’s talk bigger picture. How can NFTs and crypto drive greater financial inclusion?
17:30 - What’s the best way for listeners to learn more about Favrit and Kindred Hearts?
18:07 - 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 projects or cryptocurrencies in this podcast, please don’t take any of this as investment advice, and please make sure to do your own research on any potential investment opportunities. Full disclaimer available HERE.
Please note that the principal of Crypto Altruism is a holder of a Kindred Hearts NFTs. Each individual must make investment decisions based on his/her judgment of the market.
