You're reading State of the DAOs, the high-signal low-noise newsletter for understanding DAOs.
Welcome to the State of the DAOs!
The last few months have been tough. The crypto news cycle has been dominated by bad actors, fraud, bankruptcy, and scams that seems to confirm everything we hate about this space. It’s easy to get caught up in uncertainty and doubt, and to lose sight of the reason we are here and what we are trying to build.
Blockchain technology changes the way we coordinate to solve some of the biggest challenges the world faces. As we fight the FUD, now is the time to reorient ourselves and to search out the beacons of light that show us, remind us, where we are heading.
Nowhere in web3 does that light shine so brightly as at Gitcoin. Gitcoin has shown the world that by acting on web3 values, blockchain technology can be a force for good in the world. Through quadratic funding, they have changed the way public goods are funded on chain, and have repeatedly demonstrated the ability of their grants protocol to create meaningful social impact in the web3 space.
Now they are setting their sights even higher.
This week, we are highlighting a partnership between Gitcoin and UNICEF, a global leader in providing humanitarian and developmental aid to children. The partnership will feature ten projects chosen by UNICEF to demonstrate the power of community-led decision making for driving real-world impact.
This partnership could be the tremor that starts a cascade of events to revolutionize philanthropy as we know it, making it more transparent and accountable, while giving power back to communities that are the beneficiaries of the aid.
More than anything, this partnership reminds us of the promise of web3: that by working together with this new technology we can build our way towards the better world we know is possible.
We are not here because we hope it is true. We are here because we know it is possible.
Contributors: BanklessDAO Writers Guild (Azeem Khan, Scott Moore, angelspeaks, Boluwatife, Lanksss, HiroKennelly, siddhearta)
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Guest Writers: Azeem Khan & Scott Moore