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This week, among all other things, we want to draw attention to a report shared by Mercy Corp Ventures based on the proposals received by their Crypto for Good fund. The objective of the Fund is to drive global financial inclusion and climate resilience through a series of pilots, building an evidence base to prove the scalability of blockchain-enabled solutions in making a positive impact in emerging markets. With the larger report to peruse here, here are the brief insights they shared from the 200 applications for pilots in 50 different countries:
We are in a multi-chain and cross-chain future
Builders are building on 30+ chains, with Polygon (41%), Ethereum (39%) and Celo (29%) the most popular
88 (44%) are building a multi-chain solution
Massive builder appetite in emerging markets
The African region accounted for 61% of applicants; 95% come from emerging markets in Africa, LatAm, Asia
26 countries received 2+ applications, with Kenya leading at 57
An additional 24 countries received 1 application each — 9 Asian, 7 African, 5 LatAm, and 3 European
Solutions are being designed for underserved populations
75% of applicants are building for low-income users, smallholder farmers and MSMEs
Solutions for women, youth and refugees account for an additional 21% of proposals
Lots of productive use cases being built
Credit for underbanked (27%), nature-based solutions for climate resilience (20%) and crypto wallets for underserved users (16%) were the top-3 focus areas
We had a lot of thoughts as went through the report, let us know what what you found interesting!
WAGMI (we are going to make an impact)
What’s Inside
🕊 Tweets of the Week
📣 Latest News
📚 What We’re Thinking About
🚀 Opportunities & Events
📡 On Our Radar
✨ And one more thing…
🕊 Tweets of the Week
📣 Latest News
Celo Foundation announces support for Cross-Chain Ecosystem Fund
Tether (USDT) to Allocate 15% of Net Operating Profits to Bitcoin (BTC)
Worldcoin Commits to Optimism’s Superchain Vision Ahead of Mainnet Launch
MIT’s Center for Constructive Communication takes aim at the destructive nature of social media
Human Rights Foundation Grants $455,000 to Bitcoin Projects Worldwide
European Union Passes Law Requiring Identification For All Crypto Transactions
📚 What We’re Thinking About
📈 Cesare Fracassi on understanding digital asset trends to date at CED Austin. (CryptoEconLab)
🪙 How Bitcoin became El Salvador’s currency. (Motherboard)
🏞 Topl grantee highlight: How Cause8 reimagines impact investing in emerging markets. (Topl)
🤖 Moral responsibility: Can blockchain really improve trust in AI? (Magazine by Cointelegraph)
📜 The Digital Asset Anti-Money Laundering Act that Senators Elizabeth Warren and Roger Marshall are trying to push through Congress would effectively ban crypto in the guise of fighting money laundering. (CoinDesk)
🏠 Casa Real is building cyclone-resistant housing in central locations in Mozambique – and they’ve tapped into NFTs and blockchain technology to replace an antiquated loan system. (Coinbase)
♻️ Economic Models for Tokenized Communities: How do we create sustainable cash- or value-flow for tokenized communities? (Forefront)
🚀 10 Asian founders shaping the future of Web3. (nft now)
👐 Infographic: 7 Ways Crypto Donors Can Support Charities. (The Giving Block)
💛 Hope or hype? Can web3 enable financial inclusion as promised? (Accion)
✈️ Major players in the travel industry are beginning to pivot to integrate Web3 technology. (Cointelegraph)
🚀 Opportunities & Events:
Apply: Gitcoin is hiring a UX Lead.
Apply: Co:Create is hiring several positions.
Speak: SBS Earth, the inaugural virtual Sustainable Blockchain Summit happening August 16th, has opened speaker applications.
Attend: GreenPill Meetup in Montenegro is happening May 21, in conjunction with EDCON.
Attend: Delegation Week is a 5-day ecosystem-wide event dedicated to DAO governance engagement happening May 22-26.
Attend: ReFi Summit, the largest stand-alone Web3 + Climate + Energy + Governance Summit in North America, is happening May 24-25.
Attend: Celo Developer Workshop is happening May 27th.
Attend: The Networks Festival hosted by Fito (philanthropy x impact x network events and workshops) is happening May - June.
Attend: PositiveBlockchain is celebrating its 5th anniversary with 3 days of events from June 1-3.
Attend: ETHSeoul is happening June 2-4.
Attend: Funding the Commons is happening in Paris July 15-16 in conjunction with ETHCC.
Attend: SBS Earth, the first virtual Sustainable Blockchain Summit is taking place on August 16th.
Funding Opportunity: The Large Grants opportunity from the Public Goods Working Group awards up to 50k USDC to applicable projects that have a long-standing record of making an impact as Ethereum or Web3 public good.
Funding Opportunity: The Gitcoin Citizens Round rewards voluntary and valuable contributions that benefit the Gitcoin ecosystem. Nominate yourself or someone who you think deserves more recognition (and compensation).
📡 On Our Radar
Green Wallet is a safe that uses Account Abstraction to offset the equivalent of your transaction emissions automatically with ToucanProtocol infrastructure tools.
BlockAIDS is a decentralized electronic ecosystem on blockchain, designed for millions of people living with HIV.
RightfulShare An Income Movement is a social movement piloting a digital UBI in rural South Africa to promote entrepreneurship and innovation.
The Spring 2023 World of Women Artfest finalists are revealed.
✨ And one more thing…
If you’ve wanted to focus on your frontend skills, dacade’s latest course Celo Frontend 101 is for you. Learn to build the frontend for a simple marketplace dapp on the Celo blockchain and earn 75 cUSD.