May Highlights: Crypto for Good
All things important that happened in May
A monthly digest of all things important that happened in (crypto+good) for May.
The Terra (stablecoin) crash, set the industry into a bear market this month but the spirit amongst builders ( BUIDL in crypto lingo) is optimism. Specially amongst folks who are using crypto and web3 tools to create a new, better way of doing things and are far removed from the speculation side of crypto
Coinbase Giving shared their Q1 2022 update. They pledged $10M in Q1 to advance their mission of economic freedom around the world.
Paxful, a peer to peer crypto trading platform compiled real life stories of Bitcoin changing lives in frontier markets.
Vitalik Buterin, Founder of Ethereum along with two others introduced the concept of Soulbound Tokens (SBTS) and Decentralized Society (DeSoc). Soulbound Tokens are the future of Ethereum as they call it. These tokens are nontransferable and can be revoked by the issuers. Possessing these tokens signifies ones credentials, skills and reputation. Their use cases could be for example a university issuing SBTs to students on graduation. In our Impact DAO research project we are exploring SBTs for our contributors.
A summary of SBTs and potential use cases
Celo blockchain released their 2021 Annual Report. Celo is a purpose driven blockchain for a mobile first world and are strong advocates of Defi for the masses and Refi (Regenerative Finance)
Web3 is much more than crypto trading. The Web3 ethos of decentralization of economies, power and transparency is attracting folks from every industry to build in web3.
Another deep philosophical understanding of web3 - a movement toward a better, fairer internet.
A piece I wrote on how to web3 - a good first read for anyone trying to embrace the web3 way of doing things.
WeWork’s Founder Adam Neumann launches Flowcarbon with $70 million in funding to sell tokenized carbon credits on the blockchain. A great insightful piece on carbon credits and how turning it into crypto won’t fix climate change
Oslo Freedom Forum a global gathering of Human Rights activists in Norway took place in May. Bitcoin and crypto was heavily featured with 15+ tracks over a 3 day period along with hands on training on Bitcoin usage for the participants.
I launched a DAO last week to study Impact DAOs and to write a book about them. It has been the most surreal, exhilarating experience.
We launched on a Zoom call and had an after party on Discord. We’ve gathered a strong distributed team of 15+ working at the intersection of web3 x impact x media. Together we’ll be researching Impact DAOs to write a definitive guidebook for web3 changemakers.
What’s for June
I intend to continue writing on the crypto financing landscape for good. There’s so much more to cover. I will also be exploring various climate projects in the web3 space as we enter the crypto branded summer of Regenerative Finance (ReFi)
For any questions and ideas feel free to connect on Substack or Twitter.