INFOGRAPHIC: 10 Web3 Social Impact Trends to Watch in 2024
Public Goods Funding
The Web3 Public Goods Funding ecosystem will continue to grow, with a greater emphasis on retroactive funding, and self-sustaining models tied to specific blockchains and ecosystems.
DAO Governance Experimentation
Ongoing experimentation will take place to “crack the code” of DAO engagement, including a mix of centralized and decentralized models, layers of governance, incentivization mechanisms, etc.
Blockchain and Emergency Relief
Blockchain will continue to play an important role in disaster response by facilitating direct cash transfers, fundraising for NGOs, and serving as the foundation for tools to build more resilient communities.
Decentralized Identity
Decentralized identity solutions, such as the Gitcoin passport, will play an important role in building a more trustworthy and safe ecosystem. ZK proofs will be a valuable tool in this work.
Monitoring, Reporting, and Verification
On-chain MRV tools will continue to mature, playing an important role in development efforts, and will be integrated with public goods funding mechanisms, aligning impact and rewards.
Blockchain and Artificial Intelligence
Blockchain will begin to play a vital role in responsible AI development by helping verify interactions and content, ensuring authenticity, and protecting users from manipulation and misinformation.
Layer-2 Ecosystem
The Layer-2 Ecosystem will continue maturing and consolidating, with various L2s finding their niche, such as public goods or industry applications, while enabling greater integration between L2s.
Web3 User Experience
There will be a continued focus on creating a simple UX/UI to help onboard the next billion users, especially those in the global south and traditionally underserved communities.
Modularization of Web3 Impact Tools
There will be an increased focus on the modularization of tools for impact builders, allowing for easier integration of tools into their projects, similar to what we saw with Gitcoin’s Grant Stack & Endaoment’s Developer Tools.
Crypto Philanthropy
As the space recovers from the challenges of the past couple of years, nonprofits will regain trust in Web3, with more charitable organizations engaging with innovative Web3 fundraising tools.
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