The Web3 Nonprofit Episode 10 - Sostento
For the tenth and final episode of The Web3 Nonprofit, we welcome Joe Agoada, Founder and CEO of Sostento, a charitable organizations with a mission to support those that serve on the frontlines of public health in order to save lives, and to increase equitable access to lifesaving healthcare services. They are an early adopter in the Web3 philanthropy space and have done a great job building partnerships in the space.
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Key Takeaways
More often than not, a nonprofit’s entry into the world of Web3 is championed by a member of the nonprofit’s team who is passionate about Web3. It can take a lot of time and effort to learn about the culture and values of the Web3 community, so having someone who is interested personally and is already engaged in the space can be very helpful in onboarding the nonprofit to Web3.
Over the past couple of years, the crypto space has proven to be resilient despite the large price swings. Throughout this time, the space has also matured, with new blockchain use cases emerging for nonprofits, making it an exciting time for nonprofits to enter the space.
Web3 donors and traditional donors have more in common than apart. Web3 donors are passionate, incredibly generous, and are eager to engage with charitable organizations. Engaging with Web3 donors can be a fantastic way to grow your donor base and connect a generous community with your mission.
Follow Joe and Sostento
Donate Crypto or Fiat to Sostento
Episode Time Stamps
03:30 - To start things off, I’d love to learn about your journey to the nonprofit world. What’s your story?
09:35 - Can you please introduce listeners to the mission of Sostento?
12:55 - How did Sostento first get introduced to crypto philanthropy?
18:10 - You recently tweeted the following – “I've witnessed the philanthropic power of the crypto community...2024 is going to be next level” – can you elaborate and share some thoughts on what crypto philanthropy may look like in 2024?
24:10 - In addition to accepting crypto donations, I understand that you’ve also partnered with some artists on NFT projects – can you tell me more about this and how it went?
27:40 - How have you broken through the noise of Web3 to build positive partnerships?
30:20 - What is one piece of advice you’d share with nonprofits who are hesitant to engage with Web3?
35:15 - Sostento has gone through many evolutions over the past years – what does the road ahead look like?
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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