⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

The new philanthropic frontier: How Web3 could democratize donations

Published 07/16/2022, 01:11 AM
Updated 07/17/2022, 04:00 AM
The new philanthropic frontier: How Web3 could democratize donations

A merge between crypto and philanthropy is already underway as decentralized autonomous organizations (DAO) and nonfungible token artists alike fundraise and donate crypto to nonprofits. But what does the age-old institution of philanthropy have to learn from emerging technologies in the crypto space? Additionally, what does crypto have to offer philanthropy that could improve the sector generally?

Crypto offers the potential for nonprofits to be governed in a decentralized fashion, creating conditions that maximize the influence of communities most impacted by these organizations.

Token distribution

Voting

Incentive structures

Noah Gallant leads protocol and human interface design at Endaoment. Previously, he was the director of the Design For America studio at Columbia University, coordinating the execution of design-forward impact projects for local nonprofits and community organizations. Noah then founded a design and development studio called Sight, which focuses on creating products across the crypto, e-commerce, social impact and art spaces. In 2021, he joined Endaoment with the goal of utilizing human-centered design and Web3 toolkits to help build new and efficient forms of philanthropy and nonprofit funding.

Continue Reading on Coin Telegraph

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.