Crypto Altruism Podcast Episode 101 - hypercerts - tracking and rewarding positive impact with blockchain
In episode 101, we’re excited to welcome Carl Cevone from hypercerts, a new protocol for funding and rewarding impact. We discuss how they’re using the power of blockchain to help build sustainable models for public goods financing, why blockchain is such a valuable tool for impact monitoring and evaluation, how Web3 will disrupt the impact ecosystem, and much more.
Three Key Takeaways
By ensuring that the impact of a project is accurately recorded, it can help restore public trust and confidence in public good and impact funding, hopefully leading to a flywheel effect of more funding coming in, more projects being launched, and greater overall impact.
By accurately capturing and storing impact data in an open and permissionless way, it allows for the studying of past trends related to public goods funding, which can help ensure the funding is having its desired impact, and to learn from projects that didn’t have the desired outcome.
There has been a lot of negativity lately around crypto due to the negative actions of bad actors, which has impacted the reputation of Web3. To overcome this, we need to onboard new folks to the space who have a passion for social impact, and not lose focus on the potential of this technology to regenerate the world and be a force for good.
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Episode Time Stamps
03:05 - What was your “Ah hah” moment that got you excited about cryptocurrency and web3 in the first place?
06:20 - On your website, you mention how hypercerts aims to “solve the challenges we face this century, we need scalable and sustainable financing models for public goods that reward contributors for the positive impact they create.” Can you please give listeners a high level overview of hypercerts and how you accomplish this.
11:20 - We are in the midst of the Gitcoin Grants Beta Round, and there is a lot of buzz and excitement around hypercerts. Can you tell me more about your pilot project with Gitcoin?
14:40 - Can you tell me more about the data stored on each hypercert?
16:15 - I understand that each hypercert is an ERC-1155 semi-fungible token with the data stored on IPFS. Do you mind giving an ELI5 for those who aren’t as familiar with these technical aspects?
19:40 - Why is it important to be able track positive impacts? What are the benefits to society?
24:04 - What makes blockchain such a valuable tool for tracking and monitoring social impact?
27:35 - What other ways do you see Web3 disrupting the impact ecosystem in the coming years?
32:00 - What’s the best way for listeners to learn more about hypercerts?
33:20 - 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.
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