Crypto Altruists: Real-World Stories of Social & Environmental Impact with Web3 Episode 52 - Favrit & Kindred Hearts - NFTs to drive financial inclusion and social change
In this episode we welcome Johnny Utah, the Founder of Favrit, a web3 organization with a mission to financially empower under-resourced communities and causes with art, cryptocurrency, and NFTs. Favrit is driven by the collective desire to affect positive social change through financial inclusion and empowerment. In this episode, we discuss their inaugural NFT project, Kindred Hearts, and how NFTs and web3 can drive financial inclusion and social change, and build stronger communities.
Five Key Takeaways
- It’s all about the team – any web3 project, including Favrit and Kindred Hearts, is driven by a team of talented individuals, which acts as the foundation. It’s important to build out this foundation as a first step.
- There is a lot of virtue signaling in the web3 space. It is important to seek out projects where social impact is core to the mission, and not just an after thought.
- NFTs and crypto can help level the playing field by providing new opportunities for creators, and greater accessibility to financial services for those who have traditionally been excluded.
- Web3 is all about community – it’s important to build a strong, unified community of support around your project.
- Web3 projects must stay true to their North Star
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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 on the disclaimer at cryptoaltruism.org.
Please note: the Founder of Crypto Altruism is a holder of Kindred Hearts NFTs.
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