Crypto Altruism Podcast Episode 180 - The Soci3ty – Leveraging blockchain to build a Virtual Nation of Collaboration and Impact
In episode 180, we’re excited to welcome Simon (aka polymath) from The Soci3ty to explore how they’re using Web3 to build a digital nation that creates value for all its members, and the world. We dive into their unique 7-step approach for participation in their ecosystem, the role of Web3 gamification and incentive mechanisms, how partnerships like the Blockchain Africa Movement are strengthening their ecosystem, and ultimately, how the Soci3ty aims to leverage blockchain to build a fairer, more connected world.
Thank you to PIPE gDAO for sponsoring the Crypto Altruism podcast! 🙏
PIPE gDAO is leveraging blockchain for their University Real World Asset IP Launchpad that helps bring groundbreaking ideas from lab to market. They are building a thriving community around this mission, driven by a shared passion for catalyzing life-changing ideas.
Check out their Linktree for links to all of their socials so you can get involved and join this growing community!
Key Takeaways
Blockchain enables the creation of new infrastructure for coordination that has the potential to revolutionize how individuals organize. While there have always been mechanisms to align people with values, there haven’t always been mechanisms to align people financially. With the advent of crypto and Web3, comes new opportunities to combine shared purpose with shared financial incentives, creating systems where communities can collectively fund, govern, and benefit from the initiatives they care about.
One of the most exciting aspects of Web3 is how it can create the conditions for trustlessness in social impact organizations. Whereas in the past, you had to trust middlemen to ensure that funds were stewarded properly, now blockchain technology enables full transparency and accountability. Smart contracts can automate processes, ensuring that funds are distributed as intended, and on-chain records provide an immutable audit trail accessible to anyone. This transformative shift not only reduces inefficiencies but also empowers donors and stakeholders with greater confidence, fostering a new era of trust and impact in social good initiatives.
“Competition is a zero-sum game, where collaboration is 1+1=3.” The spirit of collaboration over competition in Web3 makes it a great place to build, fostering innovation and creating opportunities for collective growth that wouldn’t be possible otherwise.
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Episode Time Stamps
02:40 - What was your “Ah hah” moment that first got you excited about cryptocurrency/web3?
04:05 - To lay the groundwork for the conversation, can you please give listeners a high-level intro to the mission of The Soci3ty
07:00 - At the basis of your mission is helping individuals around the world coordinate to have a greater impact. Why do you feel Web3 primitives can be a powerful tool for coordinating communities?
11:00 - On your website you share a 7-step approach for participating in The Soci3ty that does a great job explaining it. Do you mind summarizing how participation works from step 1 to 7, and the gamification and incentive mechanisms you’ve incorporated?
22:20 - While The Soci3ty is a global movement, members can also join forces with others with similar values, interests, etc. and form clans. Tell me more about this.
29:50 - You recently announced a partnership with Blockchain Africa Movement is joining The Soci3ty as a business. Tell me more about the Blockchain Africa Movement and how this will benefit their organization.
36:10 - I want to share a quote from your website, and hear your reflections on it: “Forged from the belief that human connection must prevail, The Soci3ty asserts that more value is created through cooperation rather than competition. Its strength lies in the diversity of its members, who hail from all continents and social backgrounds.” Since I started working in Web3, I’ve noticed the strong emphasis on collaboration over competition when compared to other sectors. What are your thoughts on this?
39:50 - What’s the best way for listeners to get in touch and learn more about The Soci3ty?
41:55 - To wrap things up, if you could name one thing that excites you most about the social impact potential of web3, what would it be and why?
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DISCLAIMER
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More available HERE.
