Community-driven, blockchain-based support of impact projects across the globe: Gitcoin and UNICEF
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Global, Gitcoin DAO, Online- Where did this use case occur?
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2022- When did this use case occur?
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Gitcoin, UNICEF- Who were some of the key collaborators
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15k+ unique supporters [1]- How many people participated?
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Blockchain, Philanthropy- What are some keywords?
What was the problem?
Who can tell which of the 10 social impact projects deserves more support than others? If one party decides, it is hard to make sure the evaluation is right and the motivation is ethical. Further, what’s the best way to decide on the amount?
How does the community approach the problem?
UNICEF collaborated with Gitcoin and harnessed the platform’s quadratic funding abilities to make sure the collective wisdom of the crowds decide. By doing so, social impact projects with the largest base of community support got the largest sum in matching funding.
What were the results?
10 social impact projects using blockchain or AI technologies got funding support, including Xcapit based in Argentina, Rahat (Nepal), Kotani Pay (Kenya), AEDES (Philippines), Somleng (Cambodia), Pixframe Studios (Mexico), StaTwig (India), SimpleMap (Chile), Bioverse Labs (Brazil) and Treejer (Estonia). More than 15,000 supporters funded these projects with a total of about 67,5 ETH and USD 15,000 DAI.
How participatory was it?
Collaborate
Gitcoin partnered with UNICEF to slightly change their regular community funding structure that usually focuses on supporting digital public goods. They designed a cohort for impact-oriented blockchain projects and incorporated community support directly to decide on and execute the funding of those projects.
What makes this Use Case unique?
'This use case exemplifies an inspiring collaboration of an incumbent impact institution with an emerging commons-oriented platform.' -Sem