Web3 Impact No. 9
We’re wishing you a happy holiday season! Enjoy the briefing, we’ll see you next year.
Debunking Narratives around Crypto and Financial Inclusion
A Brookings Report draws a distinction between the current state of crypto and its future potential by demonstrating that the current state of cryptocurrencies does not make it well-suited to be a tool for the unbanked or a means of wealth building. The report cautions that far from being a tool of financial inclusion, if crypto is considered an alternative to traditional finance, the industry needs to have appropriate consumer protections and a broader regulatory framework, along with a commitment to ensure all financial literacy materials should prioritize transparency and accountability. Brookings Institute (24 minutes)
Gitcoin x UNICEF
Gitcoin has always believed in blockchain’s potential to address global coordination problems and catalyze the development of technology that tackles pressing social issues and creates real-world regenerative impact. In collaboration with UNICEF’s venture fund, this month Gitcoin is facilitating a Quadratic Funding grants round for a select group of 10 impact-focused, innovative projects from around the world—including Nepal, Kenya, Argentina, Brazil, and the Philippines. This collaborative pilot round is a monumental step in bringing transparent, community-driven grant allocation to the NGO world. Gitcoin (6 minutes)
DeFi For Good
SBF has given DeFi a bad name, but this article aims to rectify that misconception. DeFi is a force for good. It explores: 1) How Argentinians can make use of cryptocurrencies amidst the decades of economic turmoil. 2) How DeFi makes remittances quicker and cheaper. 3) How Regenerative Finance (ReFi) incentivizes positive change. Bankless DAO (40 minutes)
Project Spotlight
RedCat Multiverse is the world’s first Play, Learn and Earn gaming platform developed by the thought leaders behind League Of Legends, Algorand, and MIT Economics/Game Theory Research teams. This innovative gaming platform revolutionizes adult learning through intrinsic and extrinsic motivation with highly engaging games and latest immersive research models. The first public NFT collection from the RedCat Multiverse is quite revolutionary. RedCat Multiverse
Web3 Impact
Web3 Impact is a briefing about leveraging Web3 for positive social and environmental impact by Banks Benitez and Kyle Westaway. Photo by
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