Season 4. Ep. - 5 - Gift Circles & Coordinape with Zach
Mar 28, 2024
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Zach, Co-founder of Coordinape, discusses the innovative on-chain capital allocation methods of Coordinape, its role in changing capital allocation, challenges faced, and its impact on community building. The podcast explores peer-to-peer recognition, transparent capital allocation, Co-links for professional networking in Web3, casual capital allocation, and the importance of on-chain reputation and trust in decentralized organizations.
Coordinape promotes peer-to-peer resource allocation through gift circles, fostering team culture and trust.
Co-Links functions as a decentralized LinkedIn, facilitating trusted professional interactions and reputation-based networking in Web3.
Deep dives
Coordinate: A Revolution in Capital Allocation
Coordinate, a platform revolutionizing capital allocation, focuses on gift circles where team members allocate 'give' tokens to appreciate work done within a DAO. It enables peer-to-peer distribution of resources and reputation, fostering crucial conversations on value and contributions within teams. Unlike traditional top-down approaches, Coordinate empowers peers to recognize and reward each other's efforts, enhancing team culture and trust.
Co-Links: Redefining Professional Networking
Co-Links, a social network akin to a decentralized LinkedIn, allows for trusted professional endorsements and interactions. Users can buy and exchange links to curate content, ensuring high signal networking and meaningful interactions. It envisions a platform where personal reputations carry weight, creating a trusted community for professionals in the Web3 space.
Network States: Redefining Community and Identity
Exploring the concept of network states, Zach envisions communities based on shared values and aspirations rather than geographical boundaries. By blending real-world and online interactions, network states offer a new lens for forming communities beyond traditional national identities. This shift could lead to a more global and digitally connected society, reshaping how individuals identify themselves.
Future of Reputation and Trust Allocation in Web3
In the evolving Web3 landscape, Zach highlights the importance of on-chain reputation and trust mechanisms in incentivizing pro-social behavior. By programming systems to reward desired actions based on endorsements and grants, Web3 tools can encourage and reinforce positive social behaviors. The ability to recognize and amplify pro-social activities through on-chain attestations holds promise for shaping a more collaborative and trustworthy digital ecosystem.
00:00 Intro 3:35 Zach on Coordinape and How it works? 06:00 The North Star Idea Behid Coordinape 09:45 Coordinape's origin story within the Yearn ecosystem 14:41 Challenges and conflicts in using Coordinape 17:52 Coordinape's impact and future development 20:05 Coordinape's role in changing capital allocation 20:11 Efficient Capital Allocation 21:25 Transparent Capital Allocation 22:08 Different Capital Allocation Mechanisms 25:43 Introduction to Co-Links 30:19 Casual Capital Allocation 32:34 Network States and Community Building 36:26 Web3 and Identity 40:04 On-Chain Reputation and Trust 41:18 Closing Remarks 41:56 Kevin Outro SOCIALS: 🐦 Twitter - https://twitter.com/greenpillnet 🎵 TikTok - https://www.tiktok.com/@greenpill.network 💼 LinkedIn - https://www.linkedin.com/company/greenpill-global/ 🎧 Discord - https://discord.gg/greenpill 📞Telegram - https://t.me/+g9TM8i7GpxAzMGUx Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure: From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Greenpill team writers hold crypto assets.
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