Crypto Altruism Podcast Episode 94 - Gitcoin - “Empowering communities to fund, build, and protect what matters” with Quadratic Funding
In episode 94, we’re excited to welcome Connor O’Day from Gitcoin, a Decentralized Autonomous Organization that is “empowering communities to fund, build, and protect what matters.” We discuss what the heck Quadratic Funding is at its core, how Web3 can empower communities and revolutionize crowdfunding, the incredible impacts of the Gitcoin grants protocol, and much more.
Three Key Takeaways
Quadratic Funding is the mathematically optimal way to fund public goods – putting more power in the hands of the community, as opposed to those with more resources.
Traditional donation systems can be disempowering to smaller donors as they may feel that their donation doesn’t have a large impact. With Quadratic Funding’s matching mechanism, however, the impact of smaller donors is amplified.
The future use cases of Quadratic Funding go well beyond just grant funding and could extend to other community-driven funding activities such as participatory budgeting.
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Episode Time Stamps
02:05 - What was your “Ah hah” moment that got you excited about cryptocurrency and web3 in the beginning?
06:10 - On the Gitcoin website, it mentions how “Gitcoin is where amazing Web3 projects launch and grow.” Can you please give a high-level overview of Gitcoin, and your role with them?
11:15 - I’m absolutely fascinated by Quadratic Funding and its potential to democratize crowdfunding and empower communities. Can you please give listeners an “explain it like I’m 5” version of Quadratic Funding?
17:10 – How will Quadratic Funding disrupt traditional funding models?
25:40 – I understand that you’re focused on building this new protocol from scratch, while the old Gitcoin Grants platform will be retired. What prompted this transition from the original platform that saw so much growth over the last 4 years?
32:40 - I would love to hear about the impact Gitcoin Grants has made so far, both on cGrants and the new Protocol.
37:50 - How can Web3 help build a more open source and collaborative version of the internet?
40:25 - What’s the best way for listeners to learn more about Gitcoin and what’s your call to action for them?
43:00 - 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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