Crypto Altruism Podcast Episode 54 - Etched & Prosocialites - NFTs, the metaverse, and philanthropy 3.0
In Episode 54, we welcome Ediz Basol and Brett Memsic, Co-Founders of Etched NFT, a platform dedicated to harnessing the power and innovation of web3 to sustainably support charity in the metaverse. Etched has launched charitable NFTs in collaboration with athletes and non-profits, and to-date, have raised over $120,000 for various non-profits. We discuss the power of NFTs and web3 to bring philanthropy and social impact into the metaverse, and what the web3-social impact ecosystem might look like in the future.
About Etched & Prosocialites
Etched NFT is a platform and marketplace dedicated to harnessing the power and innovation of web3 to sustainably support charity in the metaverse.
According to the Etched whitepaper:
“NFT technology has spawned a cultural revolution. Assigning scarcity, provenance, and decentralized ownership to digital objects unlocks limitless applications, from authenticating unique art and rewarding creators, to mobilizing communities around a shared conviction, interest, or identity. And it’s this latter application – specifically, how NFTs are poised to fundamentally alter the way communities inspire and affect change – that compelled us to begin work on Etched in mid-2020”
In May, they launched their own PFP collection titled the Prosocialites. The Prosocialites are a collection of 7,000 vibrant and diverse NFTs living on the Ethereum blockchain. They are symbols for optimism. Bold, independent voices who believe in how extraordinary our digital lives can become. Because the collection was created from nearly 7,500 hand crafted base assets, each NFT is unlike any other and serves as a reflection of the real world, where everyone is rare.
Five Key Takeaways
NFTs are the ultimate community building tool for non-profits. They create new and accessible ways to engage donors through metaverse experiences and NFT utility.
PFPs have always been a way for individuals to show their support for causes. NFTs help take this to the next level by serving as proof of participation or support for a movement or cause.
Web3 needs an accessible entry point for non-profits, while greater effort needs to be put on building better narratives around the space, so non-profits feel more comfortable engaging.
NFTs will help build longer term support for causes by building communities around movements – helping drive a shift from slacktivism to true activism and engagement.
Web3 is changing very quickly – it’s important for organizations, especially non-profits, to stay agile so they can keep up and take advantage of these exciting developments.
Follow and learn more
Follow Etched/Prosocialites on Twitter
Episode Time Stamps
02:25 - What was your “Ah hah” moment that got you interested in cryptocurrency and web3?
05:00 - To start things off, tell me about Etched, and how it all got started.
06:45 - I understand that you have worked with a number of athletes on NFT collections in support of various causes. Tell me more about this.
11:20 - You recently launched the Prosocialites NFT collection – tell me more about this.
15:40 – Tell me more about the utility and engagement opportunities that come with the Prosocialites NFTs?
19:45 – I understand you are working on launching an NFT marketplace with the goal of creating “perpetual charity” for causes. Tell me more about this.
25:25 - How will NFTs disrupt traditional philanthropy?
32:00 - What is the long-term vision for Etched?
34:45 - What advice would you have for causes and changemakers looking to break into the world of NFTs?
39:40 - What’s the best way for listeners to learn more about Etched?
42:20 - 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 projects or cryptocurrencies in this podcast, please don’t take any of this as investment advice, and please make sure to do your own research on any potential investment opportunities. Full disclaimer available HERE.
