Season 3 - Ep. 9 - Impact Mastermind w/ Elliot Bayev

Transcript

[Music] welcome to the green pill. network podcast if you're just joining us we are building a coordination a network Society of thousands of hackers dreamers and doers focused on using crypto to bring positive sum digital systems to the world this podcast features the people who are doing it and we publish a season of five to 10 episodes every couple months this season is impact how can we manifest the meme of impact equals profit what are the most interesting experiments in and ideas in Impact tracking how can we build cryptoeconomic systems that elevate impactful Builders these are the themes of green pill impact season 2024 another thing we're doing this season is allowing you to collect this episode all of the episodes this season

are available onchain you can go to pods. medgreen pill in order to collect this episode you can also go to green pill. Network where you can download the green pill book for free join the Discord and become a member of your local green pill. Network chapter Our Guest today is Elliot BV who is the founder of global Unity we did a really fun impact Mastermind with him and the members of the global Unity community and um the the primary content on the episode is going to be the actual Mastermind which Elliot hosted but the next voice that you will hear after this is Elliot who we're going to talk to for about five or 10 minutes about the Mastermind before we cut over to that so

a different format that we've done in the past but I I think the content here is uh is is Banger so I think you're going to enjoy it hey Elliot hey Carl hey what's going on really excited to talk about global unity and the impact Mastermind that you did Elliot you want to tee us off by telling us about global Unity yeah the way we normally introduce it um imagine Humanity were really working as one cohesive organism where's the platform that facilitates that doesn't exist so we have to build it problem is even if all the platforms tools and Tech were in place unless there's a mindset shift or a cultural shift nothing changes so glob Unity has two branches set of platforms designed to facilitate Global coordination and

collaboration and a movement building strategy designed to get us to the critical mass and cultural shift necessary um on the movement building side if someone comes up to you and says hey I've got a plan for uniting Humanity most people sounds a little out there if they had an Elon Musk behind them we look at it very differently instead of a musk imagine a thousand change makers social entrepreneurs ventur capitalist indigenous Elders all behind it kind of have that same effect it's right now we've built a community of uh nearly 600 amazing people folks from the UN World economic Forum uh Deputy Secretary General of Geneva father founder of ethereum uh both of you and just a a really widespread of amazing people from across the impact ecosystem and uh part

of the vision is when we get to that the goal is to get to that thousand uh before we launch kind of the the bigger vision um and so what's come out of this 600 or this incredible Network are some Brilliant Minds that have cohered around different themes and so one thing we've started is run uh to run impact Niche masterminds uh bringing folks together around regenerative agriculture or creating a decentralized supply chain and the one we've run the most is uh the one we ran with you last week around impact measurement reward and incentive and the idea being that we have a design for an economic system based on impact

um but who are we to design this on our own rather than try to you know do even the agile approach of building our best version and then iterating on that it wouldn't it be wiser to bring the best Minds in the space together to learn from each other connect share each other's work and that being a great opportunity for us to learn from them and then that ends up being the kind of first cohort uh of um developers or or great minds to help build us build this with us thanks Elliot it feels like like this might be too reductionist but you're kind of like building a movement and that takes a lot of different skills from a lot of different places yeah I

think uh the movement piece is very important because a lot of us are focused on the tech necessary for um for us to you know your your big word is coordination for us to coordinate as a as a species as a world um but you know even if you had all the perfect platforms that could really coordinate all of humanity with three people using it it doesn't go anywhere in fact I'd say it's better to have the opposite a million people with no platforms but a willingness to design them together and so we do have some fairly robust designs uh we've talked about in the past but uh our Focus primarily is on building that movement of great minds who are focused

on impact who are focused on making the world better place because we have to be very careful in this space of trying to you know redesign Society to not impose your ideas because that's just new colonialism and so we're we're we do have some approaches we think are useful but we're also being very humble not to not to buy drink our own Kool-Aid and believe that they are the absolute answer Carl you have a question if not I can keep going one thing I just want to comment on more about reflection I suppose is that when we did the breakouts I was paired with someone who ended up living just down the street for me so we are in the same Community I never met before and not only do we connect and discuss similar interests we'd actually found out we both lived in

in Kenya at one point in time and then that night I invited her to the physical green pill NYC Meetup we went together and we ended up having a good time there meeting new connections and now we're meting up again for coffee on Monday so I think that this ability to pair people and identify this desire to collaborate across social distance it can be Global it can also to be right there in your own community and so I thought it was a really good space for that to happen and that allowed me to meet someone who just lives down the road that I might not have connected with or discovered any other way it's amazing to hear and really underscores um one of the challenges we've identified in the in the impact space broadly uh that's the really the

theory or the thesis behind Global unity and the event we run Uh Kevin spoke at transformative impact Summit impact is two Silent People are either like even on the work level people are either focused on climate or regen egg or clean oceans um and even when there's a mass Gathering it's a climate week it's still segmented and siloed and that so a lot of our work is about trying to bridge the gaps between different sectors of impact but as well I'm very happy to hear that just even on a person level because um folks in the space talk a lot about the web of trust and unless there are personal relationships uh that that form through even as simple as getting into a breakout room um where we're

going to be uh in in various forms divided still and so a lot of our work you know we wrote an article um weaving is a public good you know someone who's got a network of regenerative Farms you meet someone who's got a soil Innovation that can improve Fields you introduce them that's that itself does good for the world and so because we've got this ever growing community of really incredible people a question we're always asking people is what do you need and because we now have this never grown Rolodex of uh people in aligned spaces much of our work is in connecting those people both one-on-one in these masterminds and um and even some

beautifully some new businesses uh and organization have formed out of uh the network so I think the the primary content of the episode today is going to be this Mastermind that you did which Carl and I both participated in found to be a lot of fun I'm wondering if you can introduce the that event to the audience and and also peque their interest for what they should be listening for in the in the uh Mastermind yeah so again we we've run these masterminds uh over the years and the idea is that um there are great minds working in aligned spaces that could be so much more empowered if they just had access to what others were working and so

running these masterminds gives us a chance to connect them give each each of them a chance to learn about uh everyone else's work um and that also is a great learning opportunity for us um and when you had reached out after interviewing the talic about impact measurement um seeing you know who would be good to or asking about who would be good to talk to on the green pill about that uh about impact measurement the idea of turning the Mastermind which has been so far a private uh Gathering into a showcase emerged and and so what we did was ask everyone to prepare five minutes up to five minutes uh outlining their work uh as it relates not to what we normally think of or many people in the impact

measurement space think of um in terms of impact measurement um reporting and verif which are really just branches reporting and verification are branches of measurement but we run these around impact measurement reward and incentive because that speaks more to the design and um that's where that's where our interest lies and I think that gets into a higher level discussion rather than nitty-gritty so what the purpose of the um showcase is is rather you know I know a lot of your listeners are in the web 3 space in various forms and the idea was that there are people doing incredible things outside of the web3 space as well as in web 3 space and so we wanted to

kind of expand our Thinking Beyond just um what we normally get access to as as folks in the web 3 uh communities and so you're going to hear from a variety of folks doing impact measurement or reward or incentivization um inside web3 in in ways you might not have heard before and then outside of web 3 as well and so part of what we're aiming to do is expand our idea of what it means to uh to C to create impact and what it means to measure it what really what we can measure so I'd encourage folks to um as they listen to the entire episode uh see kind of the the Spectrum um as much as

what's out there what's possible uh because I think you know I love your Your Meme of uh impact equals profit and that's you know our economic models the word designing are are really built around that concept and so um if we were to have a better world that really did work for everyone um of course there are problems with perverse incentives and and and all that or incentivization uh going wrong but i' I'd much rather a world where people were incentivized to do good for the wrong reasons than one where people are incentivized to focus only on you know personal gain private interest thanks Elliot uh just before we we'll get into The Mastermind in a sec I just wanted to

note that uh I I don't think that either car Carl or I are responsible for the meme impact equals profit I think that's an optimism retr pgf thing but I will amplify it because I think it's a very simplistic way of describing a very profound concept but um yes uh very excited uh to cut us over to The Mastermind any last words before we do that no uh appreciate the opportunity appreciate um the work you're doing you know I think uh getting the word out about folks doing good uh is really important and and you're a real Champion for that and uh I hope people enjoy thanks yeah and and like you said weaving is a public good so um I'd also invite the audience as you think about the actual object level people who are having impact think about the Weavers

behind them who are creating space for it all right let's do it without further Ado we give you the Mastermind run by global Unity enjoy welcome to the global unity and green pill impact measurement reward and incentive showcase and Mastermind um my name's Elliott if we haven't met I run an organization called Global unity in an event called transformative impact Summit and um the idea behind really both is that impact is too siloed that um people tend to either focus on uh clean oceans or climate or regenerative agriculture and even when there's a mass Gathering it's a climate week it's still siloed and that is true not only um Within

different sectors of impact but even within different spaces and so the idea behind these masterminds that we've been running uh over the last few years is to bring people within different niches or sectors of impact together to get to meet each other connect and learn from the amazing work that everyone else is doing and uh after Kevin interviewed vitalic on impact measurement he reached out asking about which transformative impact Summit speakers might be good to speak on the top IC and I shared that we run these masterminds and that maybe instead of just sending him two or three highle names that he come to the next one and we turn it into a special

episode of the greenvill podcast and so very happy to have him here if you know him you know him as uh one of the great advocates for impact in N web 3 um and andmetics which I think is actually a very important part of uh the broader strategies we need to incorporate if if we're going to get good out broadly so with regards to today most of us who think about impact measurement we we normally think of mrv uh measurement rewarding and or uh reporting and verification but that is effectively um just those are all really you could put them under the umbrella of measurement and uh the difference I see with um measurement reward in

incentivization it speaks more to the design of what we're measuring and how we design systems and incentivized uh and incentivization mechanisms and so um I want today to not only be an opportunity to showcase the amazing work being done by the folks in the room but also to expand our ideas of what uh impact is and what impact measurement is for so for example there's some folks who weren't able to join today but even just knowing what they do in this context I think expands our thinking so for example uh we invited uh mateline one of the founders of zebras unite and if you're not familiar with zebras unite they have the exit Community rather than exit to kind of um the extractive taking

all the cash for the founder model and the idea is can we think of that as something to measure which organizations use that model and can we incentivize and reward that we have another uh member of the global Unity wisdom Council uh Josh Cliffords who runs free water they give literally Free bottles of water and they fund it by selling advertisements on the packages is that something we can think about measuring who is who's who's feeding people who's hydrating people etc etc and so in addition to featuring our work I want this to be um an opportunity for us to connect we're going to have a few masterminding sessions which we'll talk about in a moment as well as again expanding our ideas and um vitalic in

his interview with uh or with Kevin's interview in Kevin's interview with him said two things that I think are actually pretty important he said one by the time you cement exactly how the incentivization and reward mechanisms work it can be gained and in in saying that he kind of points to a novel solution can we design a system that's never cemented that is always being evolved and thus becomes harder to gain because there is no kind of set criteria that we can uh that one could try to manipulate and the other is that he talked about can we measure the good that's being done now and he gave the example of you

know getting data on who's donating to getcoin Grants and things like that and I and um naturally coming from the technology and web3 space that's those are some of the kind of um loow hanging fruit things to think about but and I'll talk briefly before we pass Kevin I'll talk briefly about uh Global unity's approach to uh impact measurement and award but the idea is can we start today measuring all forms of impact and really with this more expansive idea of what impact means and what we can measure and then later find the ways to reward it outside of just web 3 or Tech focused or very easy to track data trackable um forms of impact and so that Global

unity's approach we have um a design for an economic model that's designed to incentivize uh or create new incentive structures by gamifying Goodwill incentivizing and rewarding actions activities and behaviors that benefit individuals communities or the world so that um you've done good in the world you come to me you want to use Services of my small business you say hey instead of dollars can these points or these tokens the only reason I would say yes is if I was an altruistic entrepreneur unless I knew that my grosser would take those points from me then we'd have something new then we'd have an economy not based on value but based on values not based on Goods but based on good a meaning economy and so the meaning

economy is really uh a blockchain enabled infrastructure underneath everything else we designed so that any form of good can be rewarded and the question is say we had the three brightest Minds in the room helping design us design this for us that would be far inferior to tapping into the total intelligence of the folks in the room and the folks in the space who couldn't be here so part of these masterminds is to really create a a collective intelligence of specialists in the space so that um you know as much as I'm interested in hearing about everyone's work I'm so much more interested in the engine that we can create together that incorporates everyone's work into uh uh an interconnected system so uh with that

we're going just for uh to give everyone a little context we're going to hear from Kevin or and Carl who are helping run today uh Kevin and Carl are running um an impact measurements series on Kevin's podcast the green pill uh and or is part of global Unity as are many folks in the room and has been helping organize today and works on something called impact Oracle he'll talk about um so uh with that we're going to hear from them then get into our first masterminding session which is going to be a one-on-one uh just a chance to connect with other folks in the community before we get into our showcas our first showcase

and that'll be again five minutes for everyone to share their work um and uh anything related to impact measurement reward and incentive whether it's specific to your work past work or uh a new way you want us to think about that so with that um thank you for being here and uh let's welcome Kevin Kevin great to have you here thanks so much Elliot thank you for creating the container for this conversation really excited to be involved in in this Mastermind um and I think we're going to take portions of it and edit it up and put it on the podcast curious to see what that looks like it's always fun to collaborate with smart people and figure out how to um democratize access to to spaces like

this um so my goal is basically to bring people together in order to create a container create movement around the meme of impact equals profit what is what are the ways that we get people Financial rewards for creating impact in their local communities and what if we could do it without governments or corporations or other intermediaries I think is the design space I know that um there's been a lot of bootstrapping of the demand side for impact equals profit with the creation of getcoin Grants with gith with clear fund and now optimism is getting out giving out $100 million every six months uh for impact equals profit so the uh demand side has been

bootstrapped and I think there's an opportunity to connect the demand with the supply um and and and do that in a in a way that in my mind's eye kind of looks like a decentralized network of impact attestations which form a web of trust of um of impact ad testation so I think everyone's maybe familiar with Google page Rank and how the emergent link structure of the web is uh where every every every link is a vote for every other Link in respect to which pages are good and should be higher in page rank I kind of think of of that that web of trust that has been created

by by Google and maintained by Google and is so good at at filtering out spam and elevating the most legitimate websites to the top of page rank what if we could have a a algorithm like that for impact attestations where we could Elevate the highest impact outest stations and reward those with Financial capital and uh and also keep the spammers out and and to me this is one of the most interesting things is is this network of impact ad tations and the web of trusts that we could build on top of it because in a decentralized ecosystem there's no Google to maintain the web of trust but there could be the aaki uh impact web of trust the global Unity Web of trust the optimism web of trust and um you know that plurality I

think is really important uh in order to get past the the problem that once a measure becomes a Target it ceases to become a good measure I forget the name of that law but as soon as we start dropping money to this web of trust people are going to start trying to game it and the fact that there's a plurality of web of trusts I think uh makes the system more uh fragile when it comes to dealing with with scammers so uh not to lead the group too far but that's kind of my highest Best Vision for what we're doing in this space we're we're creating a network of impact impact attestations and we're going to be dropping tokens into it so that's sort of my vision for what we're doing here both from an administrative standpoint uh we are creating a container that will create

movement towards outcomes and then from a technology standpoint I'm really excited about impact outest stations and web of trust I'll give it back to you Elliot thanks Kevin amazing to have you here um we're giving uh the kind of Administrators of today the chance to speak first before our first breakout or first Mastermind and then getting into our showcase so next up is or or welcome thank you and hi everybody good to see a lot of familiar faces too um yeah uh I mean my whole shtick is uh pretty simple our problems are systemic and uh we should think about them systemically uh we you know kind of save straws and you know recycle our o milk cartons but uh the system itself is problematic and our

system incentivizes externalizing cost and internalizing profit only uh and that is the heart of it isn't it uh and this isn't a group I need to explain that to uh but my my soapbox is internalizing these costs and rewards um so kind of if to kind of connect to our previous uh um what we've been talking about it's it's about how do we figure out the external the internalization uh and really the good accounting for all Impact um this would do away with a lot of our woses um but how to do that how to correlate these prices these costs and these impacts and migrate our whole economy to adopt such a philosophy is a whole of the ball game um and I don't

really believe in our ability to change as a species uh but but I also don't think that we're like bad or anything like that I think that we're just kind of stuck in this myopic system right that we're like just seeing what the shortterm kind of thing that we need to do is and and that's what we stick to but people have lives people have different interests and we kind of need to figure out how to um not essentially get consensus on a grand scale but allow people to just live their lives and have impact accounted for in it make it a little bit more simple and intuitive just like now everything is externalized maybe we can do that internalized um and yeah and I think that if we do want to change the system wouldn't it be a good idea to do it correctly and think uh with a large

group of people uh about what we value like uh Elliot was saying um and and really kind of think out how how that's going to look uh in the next stages uh I believe that if we can crack the code on these questions we'll be able to change the world and um and I'm very glad to see a lot of a lot of really good people that know uh bits and pieces of that uh here with us today so that'll be it cool thank you Carl hey everyone uh thank you so much Elliot for organizing such a wonderful event and it's good to see a lot of familiar faces here um I'm actually joined with with Ry my other co-founder at kba and we're working on a project called open source Observer so I'll give a a quick overview now and

maybe if get a chance later on we have some slides that we can show that give a bit more illustration of what we're actually doing um but kind of as as we've been alluding to there's this three-sided Marketplace that we all want to see where you have funding on the one hand you have projects that are providing meaningful services and contributing to the public good and then you have this middle space around impact evaluation and deciding how do you make sense of all this and ideally ensure that more funding is going towards the projects that are having the greatest impact and I think if we look at where we're at right now we're getting better and better identifying the clear winners the people on the the short side of the tale that have done really really impactful work and then on the other hand we're also putting a lot of effort

into trying to figure what are the the bad projects the scams that should be filtered out the real work to be done though is in the middle because there's a growing ecosystem of projects that are contributing and over time you want to be able to accelerate their growth so they can get more funding so they can have more impact and I think this requires a new set of skills that don't really exist right now in the crypto ecosystem and um in the larger kind of Grant making ecosystem that exists both in web two and in in web 3 and we believe that there's like a new role or new job that needs to exist in the space and that's the job of the impact data scientist so someone who's able to analyze Grant data who's able to analyze um contribution graphs from open source

software projects be able to join and layer on different sources of data and ultimately come up with these better metrics as as you said earlier Elliot any any metric that can be um sufficiently articulated can be easily gained and so we need to design good simple metrics but ones that are hard to game and that provide meaningful signal for Builders and funders to put resources into I think that's the real challenge here obviously if we can crack that open then we can not only solve some of the big problems that we have in the space around Cil resistance and creating truly decentralized impactful networks I think we're also going to see a lot of new talent and new energy come into into the world of digital public goods so that's what we're most excited about again think will be a big theme in

2024 and our goal at open source Observer is really to start creating the the talent and the data funnel so people can actually work on this and we get this new job of the impact data scientist in 2024 all right so I'm Katie I'm co-founder and CEO of open Future Coalition and we really emerg much like Global Unity out of the realization that the solutions to many of the world's most pressing challenges are already here uh they're simply just connected from one another and from the resources that they need and so we're really focused on providing the supportive context uh to innovate the technical social and financial tools um that help best support uh the connection of these two things um and so in brief um from a social perspective we do a lot of kind

of syndication and convening um in sectors like ecological restoration Food Systems the built environment bringing together practitioners policy makers funders um to really map uh existing Solutions weave common connections and support contexts for knowledge exchange uh from a financial Innovation standpoint really um supporting the emergence of contextual funding models that looks to us like things like Blended financing and capital Innovation ecosystemic approaches to funding and then from a technical standpoint which is where I'm going to dive in today uh we've been building a platform called open impact and that provides contexts for on the ground impact leaders to more

effectively collaborate on the production of impact itself and our approach to measurement is really looking at how can we support that measurement happening in stride rather than a tertiary exercise particularly as uh part of our motivation for being here was seeing how much time these incredible leaders are spending on things like impact reporting and fundraising sometimes as much as 40% of time as much as a third of budgets spent on activities related to reporting and fundraising and so now we're working with organizations in about 60 countries to kind of Build Together based on what emerges on the ground the right tools to support um this transition to really a more Equitable and Community sourced

pathway for the production and measurement and funding of impact and we really see this as a three-phased approach we're not going to get there all at once and initially a lot of our work around impact measurement and validation has really been using it as a transitional tool and so really understanding what are the current mandates pertaining to impact reporting for example that a project is facing and how can we best support them in navigating that taking less time and being able to spend more time focusing on their work and so we do that through integrating Process Management tools and so we have a full kind of collaborative and enterprise resource planning system um that also has task management and

very structured measurement tools bakes right into it and so essentially someone can get a notification on their phone that it's time to report something pull up a specialized form input that and and off they go um and that can be gathered manually or supported through iot but as you'll see in a moment all the validation happens um peer-to-peer um and only once impacts have been reported and validated by peers do they then show up in a dashboard that they can share both for their own decision- making um but also to support uh the needs of funders and so in this first phase we've been really again focusing on meeting some of the current needs and challenges um that organizations already facing um in things pertaining to impact reporting

and measurement and validation uh one of these case studies is with the small farms research and Innovation Center at North Carolina Agricultural and Technical State University we've been working with them to help close gaps and access to funding within the l Grant University City system they're the largest historically black college in the US and we've also been working to uh with their Community Partners to more effectively deliver things like technical assistance and measurement um and learning tools as well for small farmers and agricultural producers and so looking at everything from chat assistance to hour logging to community outreach and Reporting tools to help meet small farmers and agricultural producers exactly where

they are and help more of that measurement happen in stride so that they can access some of this public resourcing uh We've also been working with the Andy's Amazon Alliance which is a growing Consortium of organizations spanning the region to really understand the local realities and gaps in access to impact reporting understanding that we might need to move Beyond simply for example a progressive web app into Integrations with WhatsApp allowing folks particularly um indigenous and local leaders in the field who have inter and access to Internet uh to do things like send voice memos via WhatsApp and have that automatically integrate into a form so that's been another big area of our focus is that

accessibility in the nearer term uh the second Horizon that we have been focused on is then putting impact back in the hand of communities a lot of our initial work has been how do we kind of mitigate some of those challenges that are put in place on kind of the demand side but on the supply side of impact or really focused on how do we start to support this transition towards communities dictating hey this is what's really important for me to be measuring and if we can support the reporting of that alongside what's already being mandated to them our aim is that over time those more Community dictated um measurements can start to overtake kind of that which is being pushed top down more traditionally and

so right now we do that by enabling projects to set their own um parameters for measurement and from a validation standpoint we also make sure that not a single impact shows up on that dashboard unless or until it has been peer-reviewed uh we have different kind of standards and trainings for that but overall we're really supporting an arc uh away from more centralized top down um kind of somewhat monopolistic uh traditionally uh rating systems towards uh distributed Community sourced impact validation that can directly compensate Community leaders and also support them in their learning because they can train to become a local impact validator

that's that's about five if you want to wrap perect all right um and so some of the ways that we're doing that uh arcing into um the third Horizon we're really seeing um more qualitative storytelling and so we've been supporting um the emergence of peer sourced libraries for kind of how folks are measuring and how they're approaching these different products projects um also powered by things like semantic search so that folks can um continue to grow their quantitative and qualitative reporting within this contextual learning forward peer-to-peer environment and so we look forward to continuing to support that as it grows over time particularly um with some of our work supporting the capture

of traditional ecological knowledge over this coming year thank you so much thank you awesome thanks for having M do you want to kick us off sure um we kind of want to talk about three three main topics today one was kind of at a high level some of the awesome work that has been happening kind of across the pl Network around what we call Blue funding which is impact oriented funding instead of uh traditional green Capital markets um some of the projects um like what we heard about with uh OS Observer um kind of emerg from a lot of the research funding the commment also emerged from from an amazing Network Goods oriented Community here um so can talk a little bit bit about how how we think about the R&D Pipeline and think about glue

funding um and and structures for that that we're prototyping in the pl Network um and then a little bit around um ipfs Li P2P and other kind of fundamental building blocks of web 3 that are open source um technologies that underpin a lot of uh breakthroughs across many of the different amazing projects getting built in web 3 uh and some of the structures that we've been booting up over the past uh couple of quarters to support um kind of like open source oriented impact um development and multiple uh teams pushing those open source projects forward uh and then maybe case study a little bit the the cool work that optimism and US Observer have been doing

as visualizations and impact flows going back and recognizing the the building blocks that kind of underpin um the Retro pgf uh rewards that have been flowing into those projects so those are the of three main things want to talk about um starting maybe first with the uh Fel Network side of things um I don't know how many people are familiar with this um this kind of describes what what we've talked about as like a a Chasm um between traditional research funding um versus traditional kind of VC uh green funding that tends to go to you know companies that are productionizing a product or service that they can sell to

Consumers um there's ton of development and research R&D work that happens in between these two incentive gradients um and how we've been talking about different teams that are working on parts of the R&D pipeline um is you have blue teams that might be doing kind of like fundamental uh research or um open- Source building blocks um that are uh building kind of projects that um either underpin projects later in the pipeline or evolve over time to develop their own business models um as they kind of evolve from early research stages to to later in the R&D pipeline um and and a smaller number of those but much larger

scale of company uh tends to live later in the pipeline um and so when we talk about funding structures and things that actually recognize quantify and reward impact earlier in the pipeline these look more like um you know Academia or um uh public goods funding like retro pgf or quadratic funding or grants making or philanthropy um and we've been helping build out some of the tools and we have this thing called Blue funds that we've been working to create for many of the different building blocks across the pl Network which allow communities that depend upon those open source projects or resources to kind of collectively um fund and build resources together for those projects and I think

a great uh example of that is building blue funds for for um and and you can have an entire tree of blue funds in this way where you can have blue funds here for uh ipfs lip P2P filecoin you can have sub blue funds for specific teams or implementations within each of those areas um you can have you know blue funds for entire networks that are say optimism that's trying to flow resources um into critical open source building blocks and you can have you know Green teams flowing resource to teams earlier in the pipeline that are critical building blocks that they're um dependent upon and also want to see proliferate and uh improve in the future

uh and so we're utilizing These funds as ways to collect resources from multiple different funding organizations um to push this forward and so if you want to hear more about this qu actually did a pretty awesome talk about it in Istanbul um during Dev connect in the in lab week uh earlier but maybe that ellot go ahead oh I see Elliot flagged one minute left so I just want to highlight some of the like practical challenges or opportunities we're running into um as we implement this and like currently making that transition from ipfs P being incubated within PL to Independent projects um the first is I think recognizing that proactive and retroactive Awards go hand inand so you need proactive rewards to pay for food and shelter and then the

impactor like retroactive awards are kind of The Upside they're the equivalent of startup upside right and and so you can't have one without the other I feel like these communities have sort of been operating in two parallel tracks I would love to continue to find ways to to um integrate those those programs more the second is that reputation is is kind of underlooked I think you know with retroactive Awards you have this like really great quantifiable measure of of of impact and then that should also feed into future proactive grants um but that's right now done through a very subjective or ad hoc basis like you put it on your LinkedIn or you include it as a sentence in your in your application um it feels like we are very close between some combination

of like LinkedIn GitHub gitcoin hypers certs like there's some mashup I think that could take impact you've like an individual or a project has had um as measured in in other rounds and and you kind of take that with you um across future proactive funding applications um the third is uh this might be a little bit of a um a like hot take in in in this room but I I think there's also you know we all often talk about things being an art and a science I think there's uh definitely space to you like push on the art part of it more with ipfs we are creating some focused thematic funds led by domain experts as we all know if you've ever participated in a funding voting process it's

impossible to really dig into every application and and feel like you have you can have full confidence in your informed voting and so in some cases it might make sense to create focused pool of funding led by domain experts um we're doing one with ipfs and web browsers for example um I think op did this with their badge holders and having having those um ranked lists and research be available to the public um the US government uses this for federal flock grants so I think there's lots of examples of this out there in the world we can do that um more in our realm as well yeah thank you both uh protocol is one of the kind of leading folks in in the spacer in web 3 so or one of the

groups so very happy to have you here Pete welcome hi there how you doing um so uh I guess I'll just give a little bit of gratitude for being in part of this group nice to see a few faces I know here as well um and I'll just touched a little bit on on on what we're doing at qualo and Century we're just coming out of a a kind of not quite stealth mode but we're just coming to the point where on that graph that we just looked at we're just in the prod product ization stage and coming into product stage um we're an indigenous Le and majority owned uh initiative and what we're doing is we are tackling the challenge of the current position of not being able to hold value as an asset in

protected ecosystems um so what we're actually doing is we we created a pilot project in British Columbia on the west coast of Canada and we are turning atrisk forests into protected investable assets that are then indigenous Ed um little bit about how we're doing that um we are purchasing the right to extract so we're literally buying logging licenses um and then we're working to turn those into the right to protect stud and regenerate and simultaneously we're returning those areas into the hands of the indigenous land title holders as well so the the the big challenge that we we were faced was we wanted to Crate or sort of couple of years ago there was a lot of um

protests going on on the west coast of Canada against old growth logging and so um inspired by that to find a systemic solution to the extractive powers that we're bearing down in those forests and we looked at the landscape of uh the system in British Columbia and found that actually most of the most valuable forests were on public territory uh and they were underneath commercial logging licenses and so even if you had money you couldn't protect them and buy them and what we've done is we've basically mimicked the extractive system because where you have Lumber as a commodity that can be extracted from a forest uh and you have carbon credits that can be if you like a value that can be extracted from a protected Forest the

extractive industry has a more complicated financial asset structure that includes the right to extract as an asset structure separate to land ownership and so what we're doing is we're mimicking that structure in a protective and regenerative process so we're purchasing the right to extract and converting it into the right to protect exed and regenerate and then allowing that as a container for people to be able to invest in and in the theme of today and different ways of measuring things because we created a new asset container um which is all built on web 3 toolkit a new asset container that you can then invest value into and hold value into we don't denominate it in area we denominated in centuries um 100

tree years so each acre of forest that we protect um we use that me we use an ecological measurement index um to create a ecological value for each acre separate to the land area um and so by doing that what we're doing is we're creating a mechanism by which people can invest and hold value in a protected ecosystem that's effectively on the supply side of ecoservice benefits such as carbon credits and biodiversity protection and allows people to put an investment on the protected ecosystem itself and this is all done in in deep partnership with all of the indigenous land title holders so we're we've basically created a highly scalable

mechanism by which we can not only protect nature and hold value in protected ecosystems but we can also create a process of reconciliation with the traditional round title holders um and to put it into context um the scale that we can impact uh implement this system in is on the hundreds of thousands of Acres at a time so um you know our pilot is 136,000 acres in British Columbia um and we'll be bringing that to Market in the next 3 to six months and critically what's cool about that is the cost of protection per ACA so our pilot because we're not purchasing the land we're purchasing the

right to extract it's a far more cost-effective mechanism on a per acre basis to protect these kind of forests so to put it into context um our 136,000 acre pilot is approximately $8 million so we're talking about about $100 US per per acre of protection um we also have a very Innovative ownership structure as well um so not only are we uh taking these areas out of the extractive economic system and putting them into a regenerative Financial mechanism um and we're doing that in conjunction with the indigenous land title holders but our own ownership structure is such that as each indigenous Community joins into

this protocol and uses this mechanism to fund the protection and the ongoing stewardship of the of their forests they also become part of our ownership structure so we have a corative partnership ownership structure so as we scale um the ownership structure scales with it and uh that's probably pretty good wrap up within the five minutes um but there's there's a lot of other sort of depths and complexity but just as the last final thing investors in the protected Forest assets which are denominated in centuries the ongoing revenues that are generated by these protected forests which go you know are realized through the sales of Eco credits and carbon credits are distributed in majority to the communities on the ground to Ste and

protect the asset and then the there is a a yield generated for owners and holders of protected Forest assets but it's shared with the indigenous community so the majority of revenues actually end up back on the ground right on Wow amazing projects already I have a few projects uh as you all know probably I I just can't help myself but um let me share the screen so you know everything I do is kind of built around how do we provide value H how do we make providing value in public goods space profitable and uh I I really believe that we can do that through economic means the same way that ethereum public goods are funded or public goods and optimism are funded you

know they say they're funded by S or fees and all these things but actually they're funded by printing the op token you know this is the magic of of uh of cryptoeconomics that we can fund public goods not through business models but through economic models but we're really far from getting there I want to see I want to see it happen on the ground for a project who's raising funds uh you know to help the homeless in Denver or something along those lines but we're just we're not there yet so we're starting and we started with the donation platforms back in like 2016 we started giveth and it has evolved many times over and has been greatly influenced by the work of Kevin aaki and uh has recently even integrated

quadratic funding thanks to the getcoin passport and some support from trust Labs doing civil protection uh but at its core gith is actually a donation platform with dreams of becoming more soon like becoming a stock market for nonprofit projects one day in the future when the world can handle it uh but for now we're not there yet we we have a a a special Niche where when people donate on giveth um they if they're a verified project so we'll actually do the work of looking out these projects making sure they are who they say they are that they're providing public goods to society and and actually creating real value they'll become give backs eligible and when people donate to that project

they'll actually get give tokens in return so it's kind of like donation mining you could think of it every every two weeks we give out 1 million give tokens to the projects that receive donations on the platform and we have super easy onboarding we're really geared towards people who are not crypto Savvy uh and uh but we also at the same time are now we have U qf rounds and I want to just show off we have a huge quadratic funding round with polygon actually polygon's running a qf round on us and on gitcoin uh the more technical projects are going on getcoin and the more social projects are actually on gith so the the projects that because gith is really geared towards the the

impact projects in the space but the biggest problem uh it's not loading very well so I'll just let it go the biggest problem that gith has actually faced is people are losing funds in Impact space because crypto is too hard uh and we don't have the tools right now to manage those funds actually the the the last winner of our qf round uh two rounds ago they lost all of the money that they raised by clicking the wrong link and they got scammed you know and it's like it's very discouraging as a platform who's trying to support nonprofit projects to continually see them lose their funding because they can't manage crypto with the tools that we give them today and so actually we are uh I'm

working on another project that is called uh well we'll see exactly what it's called today but we're probably going to call call it ens wallets we're work uh working with the ens ecosystem uh we're official service provider for ens to provide a wallet integration with ens that can make holding Assets in crypto super simple and super safe uh we we I I'll show the onboarding flow first I guess you know because now we have account abstraction we we can make holding crypto so easy the onboarding process normally it's like you have to have these 12 words and there's all this like be afraid be afraid you're going to lose your 12 words we can make it super simple we just log in with Google choose

a username and then you have your wallet create a wallet and we want to make a wallet that is not easy to scam and not able to do everything you know mo all the wallets in the ecosystem it's like you can do everything with this thing we don't want to make it so you can do everything we want to make it so you can do the simple things the things that you need to do where you don't need to know about the uh you know networks uh obscuring networks obscuring the like the fact that you even have a zerox address what is that thing who cares why do you need to know a zerox address it's like typing an IP address for a website no no one does that you could but you shouldn't have to and so with ens

wallets we're actually going to make it so that any project can deploy their own wallet they just have to have an ens name and with that ens name uh we will give them a their own wallet portal so for instance we have account. eth and we have unicorn. eth and we have other few nice ens names so let's say uh you have your project. you go to your project. e. limo and uh using with us you can deoy your own wallet onboarding software where people can just log in with Google and all of a sudden they'll have alice.

your project. eth as their domain name and uh and then from there they have a super simple wallet where they can receive the donations that they receive they can manage their funds they can swap they can withdraw to an exchange and and deposit from an exchange but that's basically it they can connect to whitelisted Applications they can do very safe things someone sends them a link that's like to a scam application they can't even connect to it so no worries uh there's no private key to be stolen uh but as they raise as they start to have uh more and more money in their wallet then we can actually ask them to add more and more protections

you know add two- Factor authentication add these things but we we don't scare them up front we scare them you know we scare them as they have a right to be scared right like $500 okay like added something so that you know you don't just leave your Google account open and it's it's gone added something on your phone oh just an FYI that's that's about five so if you want to uh sure thank that one minute uh chat no it's all good if you feel free to wrap up yeah uh thanks Elliot so yeah this is this is the idea and and the coolest thing the last thing I'll say is that uh you can actually earn a profit from swaps if you onboard the users so every user that you onboard you will get recurring revenue for every swap that they make for the

life of their use of the wallet so this is what we're trying to do we're trying to solve the the custodian issue without having to have a custodian it's a huge challenge uh but we're partnered with ens to do it and I'm very excited to bring it to you guys today first time I've ever really presented it anywhere so thanks aliot um so yeah I'm Ashley um I guess we'll start with one of the major things that I have been focusing on in sort of crypto and web 3 in general is how do you solve the problem of access to credit uh particularly in places where you know whether in the US we have like red lining practices that have led to

discriminatory um practices where people you know haven't been able to have Affordable Credit in the first place but then also working and living in um places across Africa and understanding when we don't have a functioning Financial system what types of practices to people come up with um in order to address that issue and so we built an open source protocol which is called the stable credit protocol which uh is a more affordable way for communities to provide credit to each other uh it's based upon this concept called Mutual Credit uh but we address some of the core issues with Mutual Credit Systems that exist today um by turning it into sort of a riskmanagement uh system where

people are you know evaluated when they're entering the entering the network and then they're incentivized to keep participating so it solves a lot of the issues that Mutual Credit networks uh run into it scale which basically have to do with uh people not uh being incentivized to participate in the right way and for credit lines not being issued in the right way um so once we finished building that system uh we created a BC Studio which is called radical systems and uh my focus there is finding people that are doing really interesting projects in the real world related to impact that are really doing nothing related to Tech so one of our first entrepreneurs uh is a guy in Baltimore Maryland who's a chef who's

getting local food into the school system there and so he's running into a lot of issues with the financial sustainability of that working and so we're partnering with him to basically construct a sort of Cooperative Network that allows people to participate to help um create this Local Food Network and they do so by on the basis of being able to earn credit so they can spend back with the meals that are being produced so it helps like drive down the cost of being able to set up networks like this um so we're as an organization going on the ground first identifying folks and then saying you know given this kind of web 3 impact new funding space what kind of systems can we take from other over here to help

partner and scale these operations on the ground which really need a lot of help um and I think this has come up with a few different folks here that I think one of the major barriers that we have had is sort of just like impact space is the investment in structuring deals with real world entrepreneurs that isn't happening that uh is needed in order to bring sort of the larger world of capital to the table um so the reason of having a VC studio is saying how can we kind of get ahead of that problem invest kind of time and resources to get these projects and entrepreneurs to the point where then we can go to the larger Capital Community and say actually this is a safe long-term investment that's

not only going to give you a return but it may not be like the type of return that we're expecting in sort of the private markets today that's unsustainable in the first place but it's also creating all this impact and we've already done the work to structure that for you ahead of time um so that's the type of thing we're doing um one of our other partners is a uh group called all-in-one Collective um they're setting up uh Arts social impact and now Tech incubators uh the first ones here in Brooklyn where I am um at a church in flat Bush that's been renovated and opening in the spring uh and we're working with them to basically incentivize the collaboration amongst the members so you can imagine like and sort of your traditional co-working

space model where people are just renting space and there's really nothing like incentivizing people to work together so we're actually using the protocol there to say that the members in the space need to collaborate with each other once a month so that means like maybe you need to make a logo for someone uh maybe you need to build a website for someone maybe you just need to work the front desk right um so there are different ways that people can then work together and ultimately start to build these like economic engines together um and I guess finally in terms of you know things that we're looking for things we're interested in um this is an open source protocol our team kind of has a whole breadth of experience from you know investigative journalism that we do on the ground with our

partners to really helping structure these deals and so uh we're just really interested in collaborating with other people um mostly on the front of uh how to integrate with the real world and network that we have so that's my that's my Spiel I'll give my little email in the in the chat and thanks Elliott for organizing this yeah amazing and appreciate yeah those who are trying to bring these new tools to those who are often not uh given access to traditional economic systems for funding uh so yeah uh my name is Seth Benson I'm here to talk about Source cred Source cred is a tool for communities to measure and

reward value creation it is based on the page rank algorithm uh which Uh Kevin was mentioning earlier this is what Google famously uses to rank its web pages and the basic idea is that uh instead of links on web pages you're just looking at interactions with contributions so if I submit a poll request with some code and someone reviews it that's like them linking to my site or effectively endorsing or voting for The contribution and then what source cred does is it just takes all that data puts it into page Rank and creates cred scores for every contribution and every contributor so uh Source cred is dead Long Live Source cred um Source Credit

is not dead uh but it's been in kind of low power mode for the last year and a half two years uh has not had funding um despite having some big initial success and some major Integrations with some big project projects um and so in this presentation I just wanted to like talk about some of the failure modes that I've noticed and then synthesize those into uh an idea that I'm pursuing uh with a gitcoin grant called Place cred which is just what I'm calling for using Source cred to explore something that I call place-based reputation a little backstory um Source cred dog footed its own technology from 2019 to 2022 paying its Distributors

just directly via their credit scores uh they distributed around $2 million worth of its token grain uh which was um mostly bought by protocol Labs where Source cred was originally conceived uh if you're interested in a deep dive uh on this we actually had some ethnographers embedded within us uh with us studying and they wrote a really great paper called the cred spent and an ethnography of a contribution system um and their main framing I think is useful here um they they they pointed out that there are sort of two waves of source cred the first wave had the hypothesis of that web 3 can outcompete capitalism by adding better information to markets

the second wave had the hypothesis of that web3 should abandon capitalism and develop tools for Mutual supports uh I like to call this my personal French Revolution uh and after I sort of processed some of the PTSD around that and did some sensemaking with the source cred Community which uh which is still around um yeah I reevaluated some of my personal hypothesis going in which I think were very we were challenged by the whole experience um the main one uh being self- Sovereign valuation uh if crypto disrupted the banking system by decentralizing custody can we disrupt corporations by decentralizing valuation

uh I actually think that this held pretty well uh Source cred does a an amazingly good job at getting sort of like roughly a good uh like valuation uh from the whole Community however uh that eventually fails because if you can't align people around a goal and like then the money runs out which is what happened um the second the second hypothesis that I had uh at as as a Anarchist I guess um was that if we can have a protocol that allows a community to uh value contributions in a decentralized way we can get rid of a

lot of formal governance a lot of hierarchy uh or at least create you know better formal governance mechanisms uh I do still think that this is possible however I think that in Source crra in in a lot of the projects that use Source crra this largely failed um turns out account turns out uh alignment and also importantly accountability uh uh are just not something that is solved by markets essentially uh and the last the last one uh prefigurative politics um like a lot of people I got into uh crypto and Dows in 2018 because I wanted to just you know live my politics and my values not just talk about it and um on a personal

level I think that this like has absolutely happened in like an to amazing degree um you know on a collective level in Source Credit and other projects I I I'm largely seeing this failing uh especially when it comes to governing the parameters of the system uh or creating new features uh essentially if you have misalignment and conflict and um you're viewing your sort of opponents ideas and extension of their uh evil ideology um you like you not only it like can't accept that idea you go in the opposite direction uh and because the translation of values and politics to algorithmic choices is actually has

like this huge number of degrees of freedom and ambigu ambiguity what that leads to is just uh just sort of this uh departure from reality and just sort of like really arbitrary decisions which is bad and leads to more conflict so um I have sort of synthesized uh a lot of my learnings into this idea that I'm calling Place cred and um yeah I'll just present the ideas as just sort of a a sort of like Alchemy that's meant to sort of suggest things not necessarily the answers um and to give you a heads up we're we're at time so if you want to oh yeah no it's okay go ahead but we'll we'll have to wrap shortly yeah 30 seconds

basically we're just uh we're just going to look at IRL uh and face to face interactions particularly long-term interactions because those are civil resistance naturally solve accountability because people just ghost if they can't resolve conflicts and uh instead of collectively uh trying to decide on parameters individuals will um decide their tweak their own parameters and upled them to an algorithm which will automatically uh synthesize them for them so next up we have uh Benjamin from open Civics um and part of the reason uh I I thought I really wanted them here uh Benjamin and Patricia uh is they're they're working on some brilliant Civic

Innovation tools and and processes and can we think of citizenship as a form of impact we're measuring participating in governance not just in you know your Dow or your your Tech focused um uh organization but in in the World At Large so uh Benjamin five minutes on the clock great thank you Elliot what ANC inedible group of people you always gather I'm always honored to be part of it um so a little bit about open Civics are I sometimes refer to it as a a negative space organization because it is focused on interoperability between initiatives and coalescing into a process of strategic alignment between

uh multiple stakeholders who are orienting around a shared systemic outcome and so this year for us is really f focused on researching those processes and we're working with two really incredible small groups of initiatives um which I can't disclose who they are some of them are on this call and um we're using those collaborative instances as opportunities to research and publish a white paper on stigmergic coordination and the idea here is to develop a toolkit that allows any group of stakeholders to coales around a strategic outcome and to set

budgetary and kpi goals collaboratively and the way that this relates to impact measurement and Reporting um is really by placing the the burden of identifying impact goals on this stakeholder groups themselves who are contributing to creating that impact and then having a kind of a a referee and that's the role that open Civics is playing is by holding the space in between multiple groups um how can we hold those groups accountable to the goals that they set for themselves and um how can we attach tranches of funding to the delivery of

different goals within a collaborative process and so the initial Explorations that we're engaged in are around Regional uh regeneration and funding and governance and legal um and really looking at how can environmental data integrate and interoperate with local Frameworks for Bio Regional hubs funding models like natureback currencies um and Indigenous First Nations knowledge and Trad traditional ecological knowledge and so as we go through that process of bringing those Stak ERS together we will produce a dynamic strategic road map which is a a

combination of systems mapping as well as um a very tactical strategic guide for those organizations to set up the infrastructure to make their individual initiatives interoperable with each other and to produce public goods that allow all of the organizations participating to scale the impact and we really feel like this is a a necessary approach for working in the Civic space because we're looking at public goods that are that should be accessible to all members of society and so there's a design philosophy embedded in this approach that is really focusing in on designing for interoperability designing

for open source and aligning the incentives of each of those stakeholder groups to produce the core infrastructure that without coordination they wouldn't have the incentive to produce um and so we're we're going to be conducting that research over the course of the next quarter and we'll be adapting that research into onchain socio technical uh protocols that would enable any group of of organizations to come together and engage in that kind of a process uh so I will first mention the solar foundation so he asked my uh my co-founder and I Colleen started the solar Foundation just over a year ago we're a web three focused nonprofit um really working on funding

solar energy projects in the global South uh we've been doing work in Uganda Nigeria Kenya Tanzania and then Puerto Rico in the last year so we've successfully deployed about seven projects and impacted what we believe is close to 800 uh students and individuals to date so had a great uh start of our year um that work has led us to the same problem that every nonprofit has out there is how do you continue raising enough funds to go actually do your mission how do you really fund the uh great uh positive change you want to make in the world and since we are so tied into the web 3 space we really have begun to think a lot more about impact

and how we can tell the story of the impact that we're having with all of our projects in a way that then we can begin to uh try and retroactively fund that work through uh traditional donors and and philanthropists um and so that that takes me into my work with spark and so spark uh has been around for a while but is currently working on a uh protocol for generating impact certificates uh and one of the first tools that we've put out um is called dery and uh I'm sure there's been some talk of hypers search throughout the call and maybe some of the discussions but we uh the the tool allows you to evaluate uh impact claims made with hypers certs um

and uh as a way to begin to close that Loop because we see that there's sort of this fundamental like three-sided Market where you have claims of impact you've got to have somebody evaluating that impact and then you have to have this Marketplace that's going to actually purchase that impact once it's been evaluated and so uh with that tool along with we're building up uh the protocol itself is called impact scribe and so the idea is that we'll be able to generate uh nft uh impact certificate that can then hold all of these other nfts so it has a token bound account uh for any of those that that aren't super technical it just means that this nft owns like a wallet that can be filled with all of the um Stories the claims and the the evaluations of impact that

that projects are having in the world um and so maybe to take it to the maybe a little higher level picture I I think that um as Kevin mentioned in the front of the call we're starting to see uh some amazing experience uh experiments particular retro pgf in terms of retroactive funding uh digital public goods and where we hope to see uh grow is is a similar experiments at that kind of scale with physical uh public goods uh so in the case of like the solar Foundation how can we go and execute our work build solar projects on a school in Uganda tell that story through the use of these this technology and and how can we begin to stand up a Marketplace that

has um you know retroactive funding for that kind of work uh if we look at the the kind of pH philanthropic and and uh giving dollars in the US alone that's like $500 billion dollar a year it seems perfectly reasonable that we can start to turn a portion of that into a pot of money that is funding retroactively the the impact that projects are having in the world and uh in the end allow nonprofits NOS to spend 80% of their time creating impact and 20% of their time funding uh and really just maximizing and coordinating that capital and maximizing the impact that that comes out of it so um I I'll close it out there uh but we'd love to connect with anybody that's uh interested in any

of those ideas always happy to to uh jam and discuss how we can all collaborate uh just a few things if you I think most people in the room are familiar with global unity and part of the global Unity wisdom Council if you're not you'd like to learn more uh feel free to reach out to me I just shared my uh details in the chat um our next Mastermind again is on financial Innovation regenerative Finance in new philanthropy a lot of overlap with many of us in the room so if you'd like to be part of that uh just message me or we'll reach out as well transformative impact Summit Africa is happening uh June 7th to 9th in Zanzibar followed by transformative impact week um so uh won't go into too much depth

right now just the this interest of time uh we are at the hour so big thanks to everyone I'm going to stick around for a little bit for anyone who wants to keep jamming or connect with others in the room but appreciate everyone's great energy great work and uh yeah um let's keep it up and let's keep connecting hi everyone I'm Raymond Shang and with Carl uh we're the two co-founders of kual labs where we are building open source Observer uh it's a tool for measuring impact of Open Source software so we help internet economies measure the impact of of Open Source software um and the contributions to the growth and Adoption of their platform uh in the short term we're focusing predominantly on crypto networks to effectively

allocate capital in programs such as retr pgf but our grander mission is to change how we fund public goods funding um in the broader internet economy which we all know is largely dependent on open source software um you can think of Open Source Observer as kind of like Moneyball for open source software um open source funding today um when we hand out Capital it's a lot like baseball in the 1900s we're leveraging pretty outdated methods without a clear understanding of what behaviors lead to success and what we want to be able to do is to be able to provide sufficient Insight um through data science tools such that people can understand um what is the impact Roi of the types of funding allocations they make and how

they better Advance the the ultimate goals of their their ecosystems we think this is a huge opportunity um because crypto Network networks still have quite a bit of money to deploy um understanding both desirable impact outcomes how to efficiently deploy them that's going to be critical in this next wave of innovation and we estimate that there's still over you know 30 billion potentially more now um in ecosystem funds in treasuries that are going to be deployed in the short term um mostly going to be deployed towards open source software development so this is a a timely issue for most of these crypto networks this is the graph that most of these crypto ecosystems care about ultimately it boils down to users and developers um higher quality retained developers on you know the x-axis here

growing a higher number of actively engaged users how do we know whether or not these funding programs these Grant programs retro pgf programs Etc are having the intended effect um that they're leading to real sustained um retained growth over time and not just short-term blips in user traffic so with open source Observer we want to bring that visibility into what drives real progress so that funders can make better funding out allocations to push this you know up and to the right uh we've been really excited to be working with you know one of our first Flagship Partners optimism ret pgf which recently distributed about uh 30 million in op tokens uh to over 500 open source projects with over 100 badge holders and

voters in the ecosystem um and we're really excited that these voters will be leveraging open source Observer um to help them in their in their voting um just to give you a high um overview of the types of things that we're looking at right now um classically you know when we think about impact vectors the types of things that we typically look at are things like um number oh sorry um uh let me take a pause here I think Carl probably can speak to uh speak to this a little bit better I did the thing where I I took some slides and uh threw these up at the last minute because we were working on the analysis just this morning so I'm sorry to do a bait and switch on you Ray um but just just very quickly I'll

explain what you see here uh you know if you want to measure impact then ideally you need to have some kind of metric that's going to be correlated with that impact and so part of the work here is actually identifying good metrics we can all identify bad metrics um but ideally what we'll be able to do is identify better metrics and then if you allocate funding against those metrics then hopefully in the long run there's some kind of signal which shows that people who contribute more in this area will receive more funding and then you're able to change the incentives and people work differently so what we did here is we created a few of these impact vectors during the retrop round so the first one here is just the size of the team obviously we want more people to be

working on these projects and if you were to say great we will just pay you based on the number of active developers you have um then you'd see a certain result another one is the number of stars that a project has I think we can all say that that's not like a very good metric U but it is a good way way of measuring how popular a project is and then finally this is a thing that optimism really do care about which is how many onchain users they have and what kind of activity they're doing so in any case we created these vectors ahead of time there's others that were not showing here um but basically you can plot each project against these different vectors and see which ones are average above average exceptional Etc now what we can do after the results are in is actually see how much money went

to projects and whether there's any correlation between projects that are having more impact in the areas optimism want getting a higher share of funding and the interesting result and you're actually the first ones that are hearing this we haven't even shared with anyone else is that they did not have the results that they were probably looking for here um the thing that mattered most of them which is increasing onchain activity those projects received lower than average allocations and there was very little correlation between a an excellent project an above average project getting more money um what was the best predictor GitHub Stars uh so obviously there's a lot of very large and popular open source software projects which are futured there and it's good that those things are getting funding uh however in the long run if

they do want to translate more funding into things that are happening on chain then they're going to have to change the incentives and get better tracking that impact and incentivizing it uh so again this is hot off the presses but if you are interested in this type of thing then please go to the next slide scan that QR code and join our telegram Community we'd love to have more people participating helping analyze the dat surfacing new insights and ultimately helping ecosystems fund the public codes that are most important to them and I see you guys pulling out the the QR code scanners right now so hope to see you in there thanks so much this is going to be a quick one uh happy to talk to you all today I'm Zach bronstein I'm the Chief Operating Officer of endowment.com commity foundation that is

focused on uh the web 3 and crypto space really we wanted to build a Crypton native solution to allow folks that have cryptocurrency to easily and compliantly make tax deductible donations to us501 c3s um the thing that I'm excited to be talking to you guys about today and I'm just going to share my screen invented called the universal impact pool um this was done in collaboration with aloe from gitcoin and essentially is our version of nonprofit quadratic funding um right now if you look at my screen you can see our Universal impact pool you can see that you can donate you can donate with crypto or stock or cash but I guess I'm

getting into sales mode a little bit um so why is this cool so the way that this works is that all granting that comes out of this fund money actually sent to nonprofits is completely automatic the universal impact pool tracks all activity across the endowment ecosystem we have deployments on ethereum Main net and optimism and base we actually a recipient of a grant from the op rpgfan add to our Stars apparently that would be good for next time um but the way that this works is it tracks all activity across all deployments and then automatically at the end of each quarter

takes 25% of its total balance and allocates it accordingly um right now we're looking at the fourth quarter distribution from 2023 we sent about $30,000 to 234 different organizations um and you can see the the kind of split out here you'll notice that there's this one organization that is kind of earning an outsized portion here that's this orange slice and the reason is because this organization hand-in-hand parenting really decided to use Endowment for receipt of all of their kind of endof year donations a lot of cash donations if you keep scrolling down there are a couple of crypto like ethereum and Bitcoin donations um but just wanted to

share it it's it's really wonderful to see and finding the right ways to make it easier for large Dows or groups of people or entities to figure out like we want to be charitable but how do we actually be charitable with these funds in this way we actually allow the donation events themselves to be the voting that is how the community signals hey I want this organization to receive more fund because I really like them the way that you do that the way that you get your voice heard is that you just make a donation and then this pool will track that donation we've had um some measure of success in talking to uh Dows or other groups of folks who say I want to be charitable but I don't know where

to put it and I don't want to have to make decisions every month or like have our Dow make a decision every month so instead in this way we can allow the community to vote and then have the dollars follow those Community votes um also importantly the act of donating is more important than the size of that donation so that we don't see all the money going to an organization that received the most money during that quarter but rather the most activity during that quarter um and that's all for endowment.com and uh and and web 3 and sort of just visioneering what durable infrastructure uh not so much in the web

3 space but but sort of the bridges that need to get built from uh I think the world a lot of lot here are familiar with and very sort of Traditional School Districts universities uh and and some non-traditional spaces uh trying to just meet people where they're at where learning occurs uh have done a lot of just social work but also recently uh built out an SDK called learn card uh that is just sort of our version of a starting point for a wallet that can become what it needs to be in many different environments uh knowing that that learning and the acquisition of knowledge is very different depending on uh you know where you are who you are uh certainly whether digital access is an

option or not I want to hear from from Jaden male I'm less familiar with what they're up to but I I'm always curious I'll just give you a quick synopsis of what we're doing what we're been up to um 12 butterflies has been in stealth mode since uh 2019 just been going running around the world Gathering the best products the best um projects the best people the best Partners the best investors and just really aggregating best practices best advis advisors um and uh and just helping um uh these guys uh scale um as quickly as possible so 12 butterflies is we've repurposed the 17 stgs into 12 different verticals which are rdgs regenerative development goals um so we don't just focus on climate Teck

although it's important we focus on all the issues at hand so I think from plant medicine to prison reform to mental health issues um smart cities as a as a popular one of ours we have an impact scoring system which is in stealth as well which will will come out of stealth uh mode uh late this month um where we do full scope measurement um we've done this before um twice before actually um and we've realized that um in a in a spot Market that we created that there's a four to 10 times uplifting the value of these climate differentiated Commodities so therefore we can um incentivize the good actors um as opposed from you know monetizing the Bad actors and the last uh bit of the equation is we have a a uh a regulated

Exchange in London which is also in stealth mode where we realize um uh infrastructure and as a new asset class so we can raise 30e notes uh getting us away from the the fiveyear ship that is uh you know the black stones and the black rocks that are just stripping up the asset value um and get back to these long dated notes um where we can now using our AI algorithms we've developed over the last eight years look at a city or a Sovereign Nation and uh tell them which uh three infrastructure projects should be built and where um because we can do this um now the Lloyds and the aogs of the world uh the up to 90% of the project value or the contract value

um we can uh Insurance wrap that um and and um underwrite that with an insurance company before Capital has been raised which is a bit of a GameChanger we all can also put a political Insurance wrapper around it for the global South um and uh and that means uh we can also in a sovereign deal uh for instance Kenya which we're about to deploy we use the Kiwi the New Zealand uh way of looking at a balance sheet and taking your natural resources in your your infrastructure um on your balance sheet getting us away from GDP um so this means that you know when we deploy for instance to Kenya it might be a 30-year note but it's a sovereign Bond so the yield stays within the

infrastructure of that Bond so by the time the bond matures the interest can pay off the principal and the assets stays in the balance sheet um of The Sovereign Nation so stopping you know uh these companies and countries are stripping out the asset value that's probably the short version our large focus is yeah sort of incorporating a lot of these Concepts and ideas that I think we kind of share amongst everybody um in regards to kind of I guess like funding mechanisms and stuff we're just trying to find ways to kind of pair these tools with uh sort of web to sort of infrastructure like whether it's like an HOA nonprofit and these sort of like mechanisms and kind of like providing more transparency as a public good and like accountability as a public good mechanisms and like sort of like finding ways to like track it with specific

measures and stuff to and have people vote on maybe the efficiency transparency of a specific like Central entity within a system and these sort of things is kind of like a big focus of ours so still kind of building out and uh developing a lot of the um systems and theories that we can maybe test out that wise but um it's kind of a little gist of what we're uh shooting for I don't know if you want to speak add any to that um no I think I think you did great I think um the overall goal I think is to yeah measure and optimize for the well-being of the of you know people within different ecosystems so um yeah by doing it through transparency and account accountability thanks for putting this on I think this is amazing uh the project that I'm talking about

here is uh proof of philanthropy which is basically a dynamic nft project designed to address many of the points that Elliott had brought up at the start of the call bringing people together across silos gamifying contributions uh creating basically a simpler more effective positive sum and Normie friendly way to engage the public in uh funding public goods across groups and I've been working with Sean Robinson who's on the call here from better giving and and some members from vow and other groups uh and basically what the aim here is that uh We've created a a new type of sort of semi soulbound nft that we call Demi soulbound which is a partially soulbound nft where basically if you have uh this type of nft in your

wallet it can grow and change and power up in perks and Aesthetics based on track uh initially onchain giving and this is bound to the wallet that owns nft so unlike a true soulbound nft you can trade this and there might be some reasons to do that to create kind of like Daisy chained donations and some gamification angles but the calculations that determine its power and perks is based on say the transactions that that wallet holder has made or eventually maybe some open source contributions or other track contributions maybe through oracles even eventually offchain so that's kind of the the full road map currently we're in in we're bridging

into phase two right right now where we have this um prototype technology working we're using polygon to do what's called blockchain anchoring to verify the giving on chain with signatures and something anyone can go and introspect on to make sure that people have made the contributions that they that they're being uh uh showcased for um and eventually the goal here is uh working with other organizations as data sources for example we worked with uh gitcoin to recognize trans uh transactions to certain gitcoin campaigns and certain Charities so this is a campaign that we had on gitcoin so this is actually really cool where people could get an nft essentially for free donate to this gitcoin campaign to support the project and then see the nft kind of power up which is really cool and one of the

exciting aspects of this is that unlike some of the other projects right now and potentially interweaving with them it can make it very simple for web Tu brands for example to kind of Ride Along here for a large you know Mega company to just say hey we're going to honor all of the Platinum givers in the world world with a discount on our crews or something like that so it can allow kind of decentralized perks uh to emerge which we eventually uh will track and aggregate but in terms of you know what can help drive this project forward um are data sources like as mentioned we're working with groups like gitcoin and hypers certs and eventually other Charities and other things but anything that could be a data source for these contributions would be valuable uh and

also perk givers again some of these might be decentralized but it would be really great to work with uh some sort of like first- party collaborators groups say like lens protocol example where uh you know you can imagine that in the future if we work with a group like say Twitter you know anyone who has a gold level proof of philanthropy nft gets Twitter blue for free or something like that and there's a border around your profile so it can really create sort of these simple gamification mechanisms and as mentioned here earlier there was a quote from ballic that basically really kind of underlines this that if there's a real simple credibly neutral way to see like what what are good projects to contribute to that are tracked in this way it can also create

vectors to say hey through the proof of philanthropy website donate to this bucket and we can collaborate with something like the endowment University Impact pool that was mentioned earlier um Universal impact pool to create these kind of vectors to bring money into those groups that the contributions will be tracked for uh so with that if if you want more information you can get an nft at poop. of this uh and you can there's a Long blog post on my website if you want to go to keith.com to learn more and I just want to kick it to Shawn really quick in the two minutes that remain to see if there's anything that I might have left out in that quick uh pitch to Sean yeah awesome thanks so much Keith um I think

that was really comprehensive I think just wanted to highlight a couple points that he mentioned the first is credibly neutral I think a lot of the impetus for proof of philanthropy came from the fact that philanthropic data is relatively gated to the organization or institution that has that funding flow right what we're trying to do is open up those vectors to have full access and full reward for all philanthropic activity that happens first onchain hopefully second iteration further down the road actually offchain as well through trusted oracles um another point on top of that is how are we ensuring that that is a credible data source right so we can say there's a lot of a lot of maybe nonvalid philanthropic activity that is

happening on chain but how do we make sure that it is valid and I think that's with working with really strong partners and having a relatively like closed loop system at first so the invitation for the data sources are going to the endowments the better givings of the world who have their own betting process to make sure that the nonprofits that are receiving funds are registered 501c3 or something respective in that country's jurisdiction um and then I think the the last thing that I wanted to hammer down I know a lot of the talk here is thinking about the minutia of impact measurement right and really contextualize mechanisms and metrics for what actually measure what actually constitutes impact I think we are taking an incremental approach here first let's

just get sure get make sure that all of the funding flows are accounted for appropriately and then we can go down and get it more contextualized into specific outcomes specific outputs that we are measuring for and rewarding but I think right now there is just a need for having one aggregate of inflows that you can credibly verify and reward so it's going to be a phase incremental approach and I think this is a big step in the in the right direction um and yeah please go to poop. lifespan.of free nft powered up um with some philanthropic activity and and and see it live hey everyone um I've met many of you before uh we're a digital guia we built a basically a comprehensive technology platform to allow leaders in the global economy to

navigate with confidence um to solve nature risk I'm just going to run through through a high level overview but the entire basis of our effort has been on the idea that um people are are misunderstanding the concept of mrv and they're conflating measurement with assessment and ultimately um we've sort of not recognized the fact that mrv is itself a protocol and it is usually defined on a top down basis so somebody somewhere in the world is defining what you measure what the criteria for good measurement is and what the criteria for good performance is and that is kind of fine in the old economy but uh creates a lot of external externalities and leaves out a lot of people and so we wanted to

create a general purpose technology that would allow leaders in responsible economy uh make decisions based on their the context specific needs and to defend those decisions um in a global world where you have multiple jurisdictions coming at you or multiple audiences coming at you with different perception of what impact is and and so how you can navigate that and so we've built a combination of Technologies basically around um cross-dimensional multiscale Federated modeling so you look at something like climate you model climate very differently at the global scale than you do at the farm scale or at the community scale um and then merging that with a Federated tapestry of existing data and foundational models um you have seven

different soil models in the world none of them are consilient um and different ones are used in different standards how do you understand how to navigate there how do you understand where the data could be improved on and things like that and then lastly we've combined it all with what we call Life Centric AI so how do we use AI to keep the voice of Nature and the health of the planetary systems in decision- making and merge those into a decision sport platform that allows people to have fewer assumptions and their decisions of act with higher confidence and ultimately deliver better outcomes um we put this all in a common surface that allows people depending on whether they're working on the local ler of land or a community level or national level or

Global level to understanding what's happening now in the world what's about to happen um sort of the counterfactual uh assessment as well as what might happen if I take what actions and to defend the data based on those the actions you take based on those um with def confidence and um transparency and immutability in the data um I won't go into too much detail but we are exploring we're very focused on delivering real solutions in the real economy whether they're coming out of the decentralized economy or the web3 economy if we can't solve these problems in the in the real economy we can't really change the world so um how do we provide new backing for asset claims or

new digital assets and voluntary markets um how do we help asset owners actually make decisions on how and what assets they own um we heard a little bit from 12 butterflies about that kind of use case um the managers who are responsible for allocating all that Capital how do they decide and make decisions on moving trillions of Dollars around the global economy and making sure it's going into um the lowest risk highest return Investments that are including the externalities typically left out of normal economics we're very active in Supply chains I think that's probably the greatest immediate opportunity for deployment of solutions to actually make a difference in the real economy and to make money and drive investment into more generative practices uh and then

lastly all the corporations started to figure out to get on the tcfd or tnfd train how do they start developing corporate strategies that are defensible and actionable across you know 117 different jurisdictions in the world um I won't go into this much and I'll just stop after this but essentially we've created an analytic data mesh that allows people to bring their own proprietary data into an interface with open data systems that are out there um and maintain sovereignty of the data and ownership of data in a way that um will attract and let people with very proprietary interest participate in this expose their findings out into the world but not risk um exposing the core data um and allow sovereignty of the data we

also have developed a mechanism for automated digital twin creation uh that an Nows for enabled trusted predictive modeling and predictive decision-making we've created a collaborative surface for sense making Federal learning so you can share this platform across your entire Supply chain your entire um uh industry uh level action and begin to collaborate on the core data core understanding core modeling tools and then lastly um expose this out to the world for access to um integrated planetary intelligence for use in local decision- making or Global decision- making um and we're out there talking to uh leaders that in you know in the

corporate world in the policymaking world in the regulatory world and then ultimately the the sort of standard setting World um about using this as a basically centralized planetary decision intelligence system so we get lumped a lot into the mrv world how do you measure um impact but the reality is impact is very subjective and it uh is very it changes with scale and it changes with time and it changes with location so we are really trying to reposition this whole conversation about how do you get access to planetary intelligence that's reli and usable the primary challenge we have that we're looking for everybody's help on relates to you know in order to build these systems they got to be built pretty much

from the bottoms up um where you're integrating the best of data that's out there the best models that are out there and you're actually enabling an existing ecosystem to build these tools for their context whether it's regenerative farming in a given ecosystem or the shipping industry or whatever you need to activate and give these tools for them to start using to make them start working to build the flywheel of of reliability and data and so we're out looking for real world use cases where this could be put to work right now so I think I stopped sharing um happy to pass off to the next person that was fantastic and I I I don't think I've heard you mention uh digital guy as a planetary decision uh engine there was a word I'm missing there uh yeah yeah we tend to

get stuck in the context specific like EF how do you back and validate environmental claims which is not necessarily the same head space somebody's saying how do I make planetary decisions um but they're actual parts of the same process and and I actually think it's it's very Global Unity uh it's it it fits right in I'm with via PR so little bit of an issue which is relevant to a lot of us there's actually $30 billion dollar lost every year on crowdfunding campaigns that don't deliver what was promised meaning for example you give money to something on Kickstarter saying like you give this amount of money we'll build this thing they never actually build the thing right so there's this challenge where we're trying to balance out Builder

security and funder confidence grants for example just give you upfront money things like gitcoin and that creates Builder security I've been so grateful for that over 500 people contributed to us in just like small little donations and that's all of our funding for building this current project so love that but as we see money can be lost because there's no guarantees they actually do something good with it on the other side you have like optimism retr pgs that optimizes for funer confidence you've already seen it built and you've seen impact so now you give it money but for build of security they have no idea am I going to get money when will I get it how much you're just kind of waiting to find out right but in the middle we have crowdfunded prizes so kind of like something between

Kickstarter and upwork and yeah the idea is you don't just hope for giving money in a way that that's used well you put money into an idea then invite anyone to build that idea and then give it to them also known as bounties right but we're the only platform which is doing bounties that you can crowdfund we just call it prizes that's just easier for most people a lot of non-web people for example so basically someone comes up with a project idea people add funding in maybe a bunch of people add $20 like we did at zalu if you're familiar with that we were testing out this idea uh hashing it out with italic and others and just like a bunch of people tossing in 20 bucks into idea sometimes led to entire

unplanned hackathons where he built awesome stuff presented to the Prime Minister Montenegro and it was a really fun mechanism it's motivating uh then you have a deadline if no one builds it by the deadline then you refund everyone if people do build something then you can vote and say I put money into this and I get some vote on whether or not it wins that's directly proportional for nerds like me uh so benefits right you can think of it kind of three rules you got the person who comes up with the idea person who adds money into the idea person who builds it we do some other crowdfunding sort of things as well which is being used here in Balia if you guys are familiar with that it's another zalu inspired pop-up City so we're really like living with our users

building this all open source uh open for ways to collaborate for example we thought what if people add in money get back impact certificates and I think there's so many ways we can collaborate with the different projects who have presented like Keith it's great to see you again in the idea of proof of philanthropy love to chat more about that super inspired to be meeting everyone and yeah so just like an example some of the projects uh two people put 50 bucks into an app saying if you open your phone make sure that you say why you opened it and someone built it had over 10,000 downloads and literally they just needed to see a couple people care about it to put some money into it and then they wanted to make this project and made it free for a

bunch of people to use uh the one that I care about most is we crowdfunded a prize to deliver medical supplies in Ukraine so drove into the front line I saw a drone get shot down as it was driving diving towards me uh like kamakazi drone and eventually made it to the Medics they received it for the cost of $3,500 we gave them enough medical supplies that they used it to save multiple lives and they sent us pictures afterwards and that's when we decided to actually pursue this fulltime uh so new project and really inspired by things you guys are doing developers in India and thanks for this time cool um yeah so impact Oracle is a project I've been working on I've been working in the impact field for about over a decade but

specifically in Impact measurement and management over the past seven years and it's kind of a frustration of mine that impact is a lot of the times a PR tool rather than uh a tool to compensate somebody for a job well done or uh you know uh no people don't want to pay things that they don't have to pay uh and so impact has to be kind of marketed as a really great way to show how great your company is rather than doing the right thing and so because it's a voluntary thing you know a lot of organizations don't do it it's cost money you got to pay somebody to do the work check the work verify put it on the market whatever it is uh it's

complicated so you got to hire those people and you don't have to do any of it so why would you uh and and that is essentially what most people do most organizations around the world they don't have like extra budget to to create impact with nor do they see it as their mission in fact it might be illegal for them to use their profits for good because they'll get fired the next day for you know the not having a good fiduciary duty um and you know this is a thing that's always bothered me so the question that we're all kind of thinking about is how do we make impact profitable uh how do we do that and there's um there's kind of the CARiD in the stick there you know there's the regulation that grows there's all sorts of policies that are being adopted and

things that are growing and on the other side and we keep on hearing about initiatives here that are figuring out like how do we reward it how do we give people this stuff uh and some of it's web 3 but but a lot of it's actually super regular uh in terms of you know even in the US right now the uh Ira the inflation reduction act basically gives a lot of incentives to companies to do good environmentally right and and um and that's you outside the carbon market and things like that and so what we're actually seeing happening is there's that carrot there's that stick and then there's this kind of middle space of well how do we manage all this data um and we're not totally there yet right so it's still happening so uh impact Oracle is basically um trying to enable everybody to

realize uh the value that they are creating in their impact so essentially to get paid uh for creating positive impact and the way we do that is essentially by looking at the data what are what are the companies doing uh and how do we compensate them and we're not trying to be the ones that are compensating and we're not trying to be the ones that assess the data we're not trying to do any of that we're just trying to look at what information already exists what do we know about your company already from looking at your uh whatever SAS system your CRM your your Erp your Logistics information what can we glean from that and say oh you know it seems like you folks are uh creating a lot of plastic waste maybe we

can figure out how to reduce that and get you tokens from Plastics which is another organization that I met through Global Unity or if they are sequestering carbon or avoiding uh power usage or maybe they've installed solar panels maybe they can get a tax break for that uh most companies don't really think about this stuff too much they're they're looking at their profit and loss sheet and they're trying to figure out how they optimize their business not their impact uh but if we can put impact into dollar terms and fit that into your accounting system whatever it is then perhaps you will make different business decisions that end up being impactful uh and the idea is to make that really really simple so integrate into whatever systems you're using find the

correlation between whatever impact you might be creating to whatever profit you might be eligible for and essentially make that exchange for you on the back end really simply with the variety of tokens and credits and tax breaks and so on uh that exist out there whether they're web 3 web 2 or uh policy related and so that's essentially what we're doing um yeah won't get too much into kind of how we're doing that but um but I think that this is essential that's I I kind of mentioned this before that's my little soap box like how do we internalize these uh these rewards these incentives these costs so it's clear to whoever is running a business why they should be impactful um and and maybe not even explain to them that it's about

being impactful Maybe maybe we can be a little bit cynical and say Here's a way to just make some more money why don't you just do that and grow your bottom line and they don't care so oh what install solar panels whatever they don't even have to believe in climate change I don't care they they just have to understand why they're like that they need to do this thing uh and so that's kind of the you know uh the systemic thing here most people I think don't wake up in the morning and ask themselves how they can do more bad or more good they just live their lives and do whatever the system has kind of set out for them uh and so I think everybody here is a bit of a systems thinker and kind of sees exactly what we're talking about I was essentially drafted into

this project called the ecological benefits framework which has been really really awesome and uh what the ebf is uh is a language to describe all Impact in terms of air water soil biodiversity equity and carbon and those th Six Things Are a lot of the times where most impact ends up right so most of the times it ends up on air water soil biodiversity Equity or carbon um and then what we do is kind of measure one of them right we look at I don't know how much carbon you've emitted or saved and will compensate you or uh tax you accordingly or whatever depending on where you live um and the thing is that

I kind of got into that project because when I was um working on impact Oracle I noticed that there's all these initiatives that all working on tokens or or compensation in different forms but they don't use the same language to talk about impact kind of there's no um standard right so Plastics want to compensate you for saving plastic they develop their whole own system uh and uh carbon I mean there's like seven different Registries that kind of Define uh what it is and then a thousand thousands of of ways of being compensated for that and so on uh and each one of these is very different and makes things very very complicated and there's not a shared language and so the ebf the the ecological benefits

framework creates a shared language for all of that and uh we just finished working on the first Sprint of that maybe in March we do the second one so I'm looking forward to that and I'll pause here because I see you have questions well I I when you brought that up it just made me curious too because like so your to your point right everyone's measuring what they're measuring and focused on um does that also help you get to like negative second order effects like the obvious example is Tesla you know Focus so much on on saving energy using solar power and then you ignore the second order effect of all of the environmental waste created and un recyclability of it and all that kind of just and mining

minerals for it obviously yeah um so there's there's two answers the first is I've not solved this yet uh so I I I don't know you know exactly how we uh do all of the things uh we're kind of we the the the collective we are kind of in a place right now where um sure everybody wants a holistic impact report and understand exactly you know all these different things but companies maybe don't want to give a holistic view of all of their impact um and so there's always this tension kind of like oh I can be compensated for impact but I can also be punished for impact so what do like where do I end up on this scale and

I would argue that it is the um responsibility of the current powers that be government call it Taxation and so on to dampen the negative effects um and it is uh a market responsibility to a degree to compensate for positive impact now it should all be the state honestly like if we lived in a perfect system it' all be the state but um but it's not and I I I think that it's actually right now that the the problem isn't even that yet the problem is we don't even have a way to talk about this stuff uh we don't have a shared language for this we don't have consensus over what it looks like and so even if the

state wanted a tax and even if I wanted to compensate we might not be talking the same language so I'm not sure that the impact will be that far-reaching because we can't we can't communicate um and that's why this language was really important to kind of pause impact Oracle for about a year now and do this project that I with ecological benefits framework because this can be potentially that language and a lot of people are getting excited about it so um I think that that's where we are kind of in that Journey all right we just heard about Elliot Bev I'm excited about global Unity because of the weaving work they are doing and I also think this impact Mastermind was a full of a lot of really great projects thanks again for listening to the green pill. network

podcast again we were building a coordination a Network Society of thousands of hackers dreamers and doers focused on using crypto to bring positive some digital systems to the world like Elliot like Global Unity like the people that you saw in this impact Mastermind again all episodes during this season are available on chain go to pods. Media to collect this episode and while you're at it why don't you like subscribe share and review the green pill podcast it really helps us with this work of building a movement of building this network Society of more protop and crypto peace and love see you next [Music] time