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.

--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.
• 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.
• “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.

--Full shownotes with links available at--
https://www.cryptoaltruism.org/blog/crypto-altruism-podcast-episode-180-the-soci3ty-leveraging-blockchain-to-build-a-virtual-nation-of-collaboration-and-impact


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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, before making an investment. 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 info at cryptoaltruism.org