Welcome to the fifth edition of Web3 Impact, a briefing on the ways Web3 is being leveraged to create social and environmental impact. Did your brilliant friend forward this to you? Impact DAOs Impact DAOs are the blockchain version of a nonprofit or a philanthropic foundation where DAO members collectively decide on the terms for both raising and disbursing funds. Impact DAOs have been credited for rapidly raising funds for everything from reproductive rights to the war in Ukraine. Proponents cite impact DAOs as a new form of philanthropy that is more egalitarian and transparent, but impact DAOs still face barriers like general distrust of anything associated with crypto and onboarding of nonprofits and everyday people into the complex array of digital systems. Projects like Oak, based in Oakland, California, are using a distributed community-funding process to determine which local nonprofits the community would want to fund. Impact DAOs are still in their infancy and face a host of challenges, but they present experimental new models for the internet-native age.