🌍 This Week in Web3forGood
🔦 Spotlight: Funding the Commons Residency in Thailand
gm gm,
It’s been an interesting week for the market overall, but we still have lots of good news to share.
Reminder: GG21 is live till August 21!! We particularly want to flag that applications for the Regen Coordi-Nation — a pioneering collaboration between GreenPill Network, ReFi DAO, and Celo Public Goods aimed at fostering a global movement of regenerative communities leveraging Web3 technology to address local needs and create real-world impact — are now live.
This GG21 Genesis Round, which offers $50K in matching funds, is open to applications from nominated ReFi DAO Local Nodes, GreenPill Local Chapters, and Celo Regional DAOs, as well as a select few additional aligned projects from each network.
Another exciting opportunity on our radar? Funding the Commons Residency in Thailand, a unique opportunity for 30-40 builders to gather in Thailand to advance the public goods ecosystem. Read more about it, below.
WAGMI (we are going to make an impact!)
What’s Inside
🔦 Community Project Spotlight: Grant Orb
📣 Latest News
🔍 TLDR: Supermodularity
📚 What We’re Thinking About
🔈 Podcasts & Spaces
🚀 Opportunities
🎪 Events
📡 On Our Radar
✨ And one more thing
🔦 Community Project Spotlight: Funding the Commons Residency in Thailand
This spotlight was written by Tereza at Funding the Commons. Want to highlight a project that you or someone you know is working on in Web3ForGood? Reply here or send us a DM on X @w3b3forgood.
Funding the Commons is offering a unique opportunity for 30-40 builders to gather in Thailand to advance the public goods ecosystem. The residency seeks innovators, ideally with a track record in building open-source software, to explore new methods and technologies for funding the commons. Participants will have the chance to collaborate and contribute to shaping the future of public goods.
The residency explores various themes related to public goods funding. Participants will have the opportunity to investigate how to measure effectiveness and develop solutions for distributing, allocating, and managing resources. The program also highlights climate solutions and their impact, with a particular interest in projects that support displaced populations.
For example, past resident Tomislav developed Muqa during the Berlin residency and later received an Ethereum Next Billion Fellowship, initially supported by Funding the Commons.
Participants of the FtC Berlin Residency, September 2023
This one-month experiment highlights the importance of real-world spaces for innovation. By building a vibrant community, the residency fosters collaboration, encourages feedback, and provides mentorship. The immersive environment allows for rapid production and creativity that can exceed what’s possible when working alone and remotely.
Apply by August 15, 2024: Funding the Commons Residency
📣 Latest News
Blockscout unveils a full-featured explorer for the Filecoin ecosystem
Telegram could onboard the first billion cryptocurrency users
Global Policy, Regulation, and Adoption News
California county to regulate Bitcoin ATMs backed by state laws
Vladimir Putin signs law legalizing cryptocurrency mining in Russia
France Opens for MiCA Applications, First Among Biggest EU Economies
Project Updates
🔍TLDR: Supermodularity
New to Web3? Welcome! TLDR is where we offer a simplifed explanation of a term used often in this newsletter. If there's anything you're curious about, reply and let us know.
Imagine you're playing a strategy game where your choices work together to create a better outcome. That’s the idea behind **supermodularity**. In a supermodular system, the value of one choice increases when combined with complementary choices. The more aligned your decisions are, the more benefits you reap.
Think of it like a recipe: having all the right ingredients that complement each other creates a better dish. In business, supermodularity means different strategies or investments are more valuable when they reinforce each other.
Now, let’s connect this to Web3. In Web3, where systems are decentralized, supermodularity is key. Components like smart contracts, DeFi protocols, and DAOs are valuable on their own, but when combined, they create even more value. For example, integrating a DeFi protocol with a DAO enhances decision-making and resource allocation.
Supermodularity in Web3 allows projects to interoperate, creating new opportunities and strengthening the ecosystem.
TLDR: Supermodularity means that combining complementary choices creates more value. In Web3, it allows decentralized components to work together, enhancing the overall ecosystem and driving innovation.
📚 What We’re Thinking About
👤 The role of portable KYC: As regulators scrutinize DeFi more closely, participants need to improve compliance around AML and KYC and make the process easier for customers. (CoinDesk)
💨 Global players risk climate disaster if they keep ignoring Web3. (Blockworks)
📄 The time for US stablecoin regulation is now: For the US to fully realize the benefits of these new technologies, we need Congress to pass a strong legal framework for stablecoins. (Blockworks)
🪙 The race to dominate stablecoins. (Harvard Business Review)
🌱 Exploring the Octant Ecosystem Part 1: Inside Octant: Funding Public Goods Through Innovative Community Decision-Making. (Crypto Altruism)
🧫 Edges: a plural money experiment. (RadicalxChange)
🔈 Podcasts & Spaces
Crypto Altruism Podcast - Episode 166 - DePIN for globally-distributed renewable energy
Green Pill - Season 4 - Ep. 30 - Onchain Impact Networks Book W/ Lana Dingwall
🚀 Opportunities
Apply: Mercy Corp Ventures is hiring an Investment Principal, Ventures, East Africa.
Apply: The Giving Block is hiring an Account Manager, North America.
Accelerate: The Orange DAO Fellowship Program is a 12-week sprint that transforms vision into victory.
Live: Funding the Commons Residency is a one-month experiment that supports innovation in construction and design oriented toward mechanism designs for Public Goods Funding.
Learn: HaloFi DeFi Diplomas Pro is a 6 week super learning course for DeFi enthusiasts.
🎪 Events
🆕= New to the roundup this week
Virtual
Onchain Giving Summit is happening August 13-16.
Global Blockchain Business Council’s Blockchain Central at UNGA will have a virtual program for the event on September 23.
IRL
DWeb Camp is happening August 7-11 in Camp Navarro, CA.
Korea Blockchain Week is happening September 1-7 in Seoul. 🆕
REBOOT: THE NEW REALITY is happening September 4-5 in San Francisco.
SheFi Summit Singapore (Web3 & AI) is happening September 17 in Singapore.
Funding the Commons and Earth Commons are hosting a month-long Public Goods x Climate Builder Residency this October in Chiang Mai.
Network Society Camp is happening October 11-14 in Austin, Texas.
The SolarPunk Summit is happening October 17-21 in Kingsbury, Texas.
LabWeek Web3 is happening November 7-13 in Bangkok.
FIL Bangkok: DePIN Meets AI is happening November 11 in Bangkok. 🆕
Recurring
Climate Coordination Network X Spaces happen weekly, every Thursday.
Upcoming X spaces focusing on using Web3 for positive impact in the real world (+ recordings), curated by @civilmonkey.
Monthly Earth Day is a global event that happens on the 22nd every month, not just once a year. Get involved on August 22 and share on X to @HighlyArtistic with the hashtag #MonthlyEarthDay.
Hosting an event that you’d like to see listed? Reply here or send us a DM.
📡 On Our Radar
Stand with Crypto is a grassroots advocacy hub to empower crypto users, builders, and supporters to make themselves heard.
Oxford’s Ashmolean Museum’s new exhibit ‘Money Talks: Art, Society and Power’ is about “using art as a lens for the social history of money, but also how art and money come together in different ways.
Partial Common Ownership of Art (PCOArt) is a new evolving system that allows artists, communities and holders of art to create structures of shared ownership and distribution of value that reflects those living relationships.
✨ And one more thing
Public goods explained in the best way.