INFOGRAPHIC: How Web3 will transform donor engagement
The traditional donor-charity relationship is disempowering and desperately needs a rejuvenation. Individual donations are down, trust in charitable giving is waning, and nonprofits are struggling to connect with new donor demographics. Web3 can help shift the donor-charity relationship and empower donors to become active participants in causes.
Innovative Web3 fundraising tools
New Web3 fundraising tools, including Quadratic Funding, NFT fundraising, crypto endowments, and decentralized grantmaking give donors new ways to contribute to causes they care about.
Engaging donors with Web3 tools
Whether it's using decentralized metaverse experiences to thank donors, NFTs to recognize donor contributions, or DAOs to engage donors in decision making, Web3 can help turn donors into active participants in causes.
Enhanced impact verification
By monitoring & verifying impact on-chain, donors can see their impact in real-time, helping to increase donor trust. This could include minting NFTs "backed by impact", where each NFT represents a specific action by the nonprofit, like the planting of a tree.
New tools to recognize donors
Nonprofits can leverage Web3 tools to recognize donors in more inspiring ways than just sending a thank you email! This could include rewarding donors with special tokens or NFTs to recognize their donations, and gamifying the donor process with "give-to-earn" models.
Reaching new donor demographics
The average donor in the United States is 65 years old, and charities are struggling to connect with new donor segments. By embracing Web3, nonprofits can connect with a new community of generous supporters.
Building a global community
The average donor in the United States is 65 years old, and charities are struggling to connect with new donor segments. By embracing Web3, nonprofits can connect with a new community of generous supporters.
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