The new philanthropic frontier: How Web3 could democratize donations

2022.07.16 12:44

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.