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Partner Spotlight with General Magic & Giveth ✨
Recorded: March 29, 2023 Duration: 0:57:51Space Recording
Full Transcription
Just to catch everyone up to speed, we invited Griff up to speak on one of our previous calls, and he wasn't able to use his mic. So we're doing this space today to dive into general magic, giveth, and actually have Griff come up on stage and talk about what he's working on.
So we'll give everyone. So we'll give everyone a couple minutes to trickle in here. If everyone could please share out the space. There's an icon on the bottom right side of your screen. And you should be able to tweet this out with your network. So if everyone wants to just take a minute to do that, let's get more people in here. And I'll share the space out as well on my end.
Thanks, Rachel.
Nouns. Nouns in the house.
And offset plastic waste and offset plastic waste, like single use plastics and things used at conferences. So I'd really love to pick up that conversation with Web3Beach.
Okay, so we'll give everyone another minute to trickle in here, and then we'll get started, you guys. If you haven't already, please share the space out with your followers so we can get more people in here.
Yeah, and I'm still actually, I don't know if it affects the reach, but I'm still sadly shadow banned by Twitter. They're blocking me for some reason.
So how does one get shadow banned? Like what needs to happen for that to happen?
I don't know. I don't know. But I feel like I should get a POAP or something. Like I'm pretty proud in some ways of being shadow banned. But I don't know. You know, Giveth also got shadow banned.
I assume it's because we started a PFP collection and we're selling NFTs. And maybe they're just like hyper-sensitive to all the NFT scams.
Obviously, Giveth is not scamming people with NFTs. But our NFTs have value on the Giveth app, which has lots of users and, you know, real things. So whatever.
It's also, of course, a fundraising strategy for Giveth and something we're hoping to, you know, do it ourselves so that we can help other nonprofits, you know, start NFTs.
And by doing it ourselves, we learn incredible things like, oh, watch out. You might get shadow banned on Twitter. You know, we didn't know that going in.
That's why we do this ourselves first before we subject, you know, actual nonprofits to this crazy world.
I love it. We're learning as we go. So, yeah, I'll just dive into the space for everyone that's joining today.
I'm super excited to have Griff Green here with us today. So, yeah, we'll start out with some introductions.
My name is Rachel. I'm a coalition success behind the Opalist account today.
I lead our Web3 partnerships and basically strategically analyze how to grow the ecosystem and work with other partners such as Giveth and General Magic to help empower individuals to become self-sovereign in the Web3 space.
Now, that being said, Griff Green is just an amazing human being doing good things in the Web3 space.
And I'm super excited to have him on today. So I'll pass the mic over to Griff to give an introduction.
Wow. Thanks so much. Yeah. So, yeah. My name is Griff.
I am, you know, my first project in the space was the DAO and that set me on quite the path of the Ethereum ecosystem where, you know, we basically were the craziest project in the space in 2016 and had the most epic, you know, end of the project where we got hacked for $50 million and forced the Ethereum network, created Ether Classic.
And somehow everyone got their money back and more from this hack, which is just a crazy, crazy experience.
Don't hear of that happening too much.
No, it's it's I'm pretty sure it's the only hack where everyone made money, like literally because the currency was created after the hack.
So we the hack actually created money. So but out of that experience, Giveth was born and we were born with a mission to kind of try to change the way that nonprofits work with the end goal being if we succeed, we can replace governments with functional nonprofits.
The nonprofit, of course, the nonprofit, of course, is the worst label that has ever been given to any industry because it really sets them back and it puts this expectations that people creating value in the nonprofit space shouldn't be rewarded for it.
They should do it by sacrificing. And that's just something that I'm categorically opposed to and I think is some sort of weird backwards mind game that we have in our society that is just like that's just horrible.
And I understand, of course, why it's hard to be profit, to make money by creating value for society.
It's very difficult. But I give us mission is effectively and and all of the give us galaxy is really working to build a world where if you're taking care of the homeless, if you're protecting the environment,
if you're creating value for society at large, you can be rewarded fairly for that value and even become an entrepreneur in that space.
That's the mission that that we're on. And, you know, we're getting closer and closer toward that toward that goal.
Wow. That is just really beautiful, really beautiful initiative. Well put.
It really just sounds kind of like a dream, right? Like being able to do good things for the planet, good things for humanity and make yourself an entrepreneur in the process.
That sounds really awesome. So, yeah, like Griff said, give it.
It's a blockchain based platform and it allows individuals and organizations to create, manage and donate to charitable causes in a transparent and decentralized manner.
And I think that's so cool that they're bringing that to blockchain and encouraging people to do things that have impact on a global scale.
Now, my next question for you, Griff, is let's talk a little about general magic.
What is general magic for those just learning today?
Yeah, so general magic is a kind of a dev team for hire in the impact space.
So the goal with general magic is really it kind of came out of a necessity of Giveth and DapMode, both of whom were and token engineering commons.
All three of these projects were launching were launching tokens in 2021.
And they had different dev needs that were, you know, outside of what they would need after the launch.
And it was just like a lot of work to get there.
So I started general magic out of that need to be kind of a dev team for hire so that when an impact project doesn't have to hire a bunch of full-time workers and then make the push and then be stuck in the situation where it's like,
oh, well, now I have all these employees, either I have to lay them off or I need to create work for them, you know, because that's just not the that's not the story, the traditional story for most impact projects.
You have development needs for a short time and then you don't, you know, then you build it and then you use it to do your impact in the real world.
And so this is the same story with all of my projects.
They needed this short-term dev story.
So I assume that that's something that a lot of projects might need is, you know, just a few people, a few designers to fill out their team to build this new website.
Or maybe they want to hire a dev team to launch an economy for them and build everything out and then they can just use it.
And that's really what the TUC has.
And so general magic is, you know, we give really high-quality Web3 design, front-end, back-end, and even solidity support to projects that need it.
And we do it at really good rates.
Well, if you're an impact project.
If you're a normal project, we don't like, yeah, we don't, we charge more.
But if you're an impact project, we give you a discount and we try to make it really affordable because we're kind of, we're all on the same team here.
That's awesome.
And while you're speaking, I'm just envisioning, like, how we at Opolis can support this project.
And I feel like in the wheelhouse of employment, right, and empowering individuals to be self-sovereign, I think there's just a ton of alignment with our missions, right?
Like helping to empower people and do good things for people and projects.
I really see a lot of alignment there, and I'm just brainstorming ways that we can work together to support each other's platforms, which I'll get into in a little bit in some of my next questions.
So my next question for you, Griff, is what inspired you to start Giveth and General Magics, and what problems do you aim to solve, and who does this help?
Yeah, well, I'm a crazy crypto-anarchist.
That's, like, the long and short of it.
And I really think that we can do better than governments.
And when governments fail to provide value to society, people start nonprofits.
Nonprofits are the natural replacement for governments.
The problem is that nonprofits are, you know, they're kind of castrated.
They don't have a way to reward people fairly who are contributing.
And, but what's crazy is that nonprofits create value.
There's just no way for them to capture that value and create a regenerative system.
And that's the goal of Giveth, and that's what inspired the creation of Giveth, is that we could, well, I mean, and even when I was working with the DAO, that was really what I was excited about for the DAO,
that we could build systems outside of governments that can solve similar problems that governments solve with DAOs.
And so DAOs, you know, are generally just for the Web3, you know, focused communities.
And Giveth's goal is to take that power and bring it to nonprofits that are on the ground right now.
And the thing with Giveth is it's a donation platform.
It's not a DAO generation machine yet.
It will be eventually, but we have to start with where nonprofits are today.
We have to meet them where they're at and give them the, you know, satisfy, you know, give them one small change at a time, right?
So the goal is this slippery slope can, you know, first the nonprofit raises some money in crypto.
That's it.
You know, everything else is the same.
They started, it's basically a GoFundMe, you know, or a Kickstarter or one of these online donation platforms that they've used a million times,
except instead of connecting their bank account, they just have to get a Web3 address, an Ethereum address.
Then they can raise funds on Mainnet, Ethereum, Polygon, and Gnosis Chain.
And we're trying to add chains as many as possible.
And even hopefully we'll add Bitcoin sometime this year.
Yeah, and the inspiration is really just we can do better than governments.
In fact, we have to do better than governments.
We have no choice because governments are inadequate at solving the problems of our day.
They can't address climate change.
They're not even thinking about addressing potential AI catastrophic issues or, you know, nanobots or, you know, like, look how they handled the pandemic.
It's just, it's a disaster.
We're really looking at some major problems if we don't start solving public goods issues in some other strategic manner.
And I think we can do that with crypto because we can build economic models that can capture the value that people are producing.
In fact, Ethereum and Bitcoin, these are like the real inspirations because they solved this problem.
They solved this problem by issuing a currency and rewarding people who are adding value to the network and achieving the mission.
And then they create demand for that currency.
And if they can do those two things, if they can issue currency and distribute it appropriately so it actually creates value and then create demand for that currency so that the currency that they're issuing actually has other people who want it,
then you can get a beautiful economic system going that is regenerative and can continue to provide value to society in a predictable way.
Whereas, you know, before that was only possible with business models.
So, yeah, that's really what inspired Giveth and why I still wake up every day inspired to push forward and, you know, build the future of giving.
So, yeah, I'm going to give it a little bit more.
So, yeah, I'm going to give it a little bit more.
Wow.
Nice job.
So, so something I'm looking at a couple of things here on my end, Griff.
So I'm going through the Giveth website right now and a couple of things that are featured.
I just want to draw attention to some of the resources I shared.
If you guys want to go to giveth.io, some things I see highlighted here is the disaster relief in Turkey and Syria.
And actually donating to these things gives into the Giveth economy and you actually earn rewards for this.
So, Griff, do you want to talk a little bit about the Giveth token?
Yeah, absolutely.
So this is this is what we're what we're building are these economic systems that can replace governments.
Right. And so the Giveth token effectively replaces the 501c3 function in the United States where there's this whole basically economics or, you know, governmental program, government program to validate nonprofits.
And give people a discount for donating to them.
Right. Give them some kind of rewards for donating to them.
And so we recreated that model and made it a Web3 native version where instead of getting a deduction on your taxes, you actually get tokens.
Tokens and much easier than than having to file a bunch of paperwork.
It's borderless, frictionless, totally and totally transparent.
And and really just a magical incentive layer for and public goods Lego for the Web3 space to encourage more donations.
For instance, one inch, you know, if you have a tax, if you have the ability to get a tax deduction, then use the old system.
That's fine. But where we're going, you know, Michael, is basically to get rid of taxes so that we don't need them anymore, that we can actually sustain these these this type of value without needing taxes or donations.
So event there's and there's lots of other projects that don't pay taxes in the Web3 space, like one inch just donated one hundred thousand dollars to Turkey Relief Projects and they did it on Giveth because why wouldn't you?
You know, they don't pay taxes. There's no tax deductible donation for them anywhere.
When they donated one hundred K on Giveth, they got fat stacks of give tokens to subsidize their donation.
And that's better than sending money directly to the nonprofit and really creates even even though like what's interesting is on Giveth, you are sending the donation directly to the nonprofit.
Giveth has no fees and we just give you give tokens for donating.
And then those the money is actually like we don't even have smart contracts there.
You're literally just using our Web site and sending money, a transfer directly to the nonprofit's Ethereum address.
And but on top of that, we we actually track these transactions and we reward the donors with give tokens.
And and so it's just if you're donating crypto in Web3, there's really no better place to do it.
And with the give tokens, we're we we're building lots of extra functionality onto the platform.
So the big the biggest thing is, of course, governance is a governance token.
And with give tokens, you can you can you are an owner of Giveth.
You get to control how the projects are sorted on the homepage.
You get to control how much give backs are given to which projects.
So like we have this thing called give power where effectively you can lock give tokens behind your favorite projects.
And it's very similar to how curves like curve dot finance, curve dot fi and balance VE bow.
And there's I'm sure you maybe maybe you've seen lots of these vote escrow like the VE tokens and the VE governance tokens where people will lock tokens.
And then use those use that locked, they're locked, they're voting power that they get by locking tokens to kind of control the issuance mechanism.
And so in like curve, for instance, they will control the minting of tokens for liquidity mining.
Well, with Giveth, we effectively have donation mining where, you know, currency is created for the people who donate.
And so with with give power, when you stake and lock tokens behind projects, those projects that have the most tokens locked will get more donations.
Well, the donors will get more give tokens.
So you're basically controlling the issuance of give token.
And yeah, and we're going to build we're building out lots of other features on top of this.
This really sounds like the future of giving and donations.
Like, I think it's really admirable that you've chosen Web3 to build this on.
And it allows people to just directly contribute to projects that they care about and not only not pay taxes, but earn through doing this.
I just think like the light bulb is going off for me.
Like this just makes so much sense for the future of philanthropy and giving.
Like this is a really, really beautiful thing that you've built here.
So my next question for you, Griff, what does the community look like of Giveth and General Magic?
Could you give us some insight as to the communities that use this projects that use this and what the communities look like?
Sure. So the Giveth community has a lot of different like subsets.
So there's donors, of course, and the donor community.
And then there's the projects.
And we have the meet the makers calls where we can help projects promote their projects within the Web3 space.
And we give them support.
And there's lots of Discord channels where projects talk about what's going on in there and what they're learning, what they what they want from Giveth.
And then there's then there's, of course, the the farmers and the Web3 regions, the crypto natives who they're not really donating as much and they're not really they're not really starting projects.
But they are interested in this like refi space and they're interested in the project and they hold Giveth and believe that the Giveth token will have value later and will are willing to bet on that.
And then, of course, there's the actual builders, the community that is building Giveth.
And these are generally there we call they are members of the of our DAO.
We have like a reputation DAO within Giveth with an NRGiv token.
And NRGiv tokens are issued every three months.
And contributors who have been contributing for over three months can get NRGiv tokens issued to them.
And and they actually also get give rewards based off of they get give tokens and reward for being part of the reputation DAO.
And of course, this DAO, you know, like the the monetary token has certain governance rights over Giveth.
And then this reputation token that the builders have effectively has more of the day to day, you know, control and decisions that are made within our community.
And I think this should be more common within DAOs than it is where there's like certain economic decisions that are held by the token holders that, you know, they can buy and sell the tokens and just exit whenever they want.
And there's certain decisions that should be in their hands.
And then there's certain decisions that should be in the hands of the of like the core.
You could say core team, but I'd even go a little bit broader than core team.
But like the contributors, the builders and and so we kind of split that up with this two token system and the general magic community, you know, we're general magic.
As I said, it works works with different projects.
So like there's the TEC, there's which we do work on and off for ENS, the theorem name service.
We also do work with we work with that node and Giveth and and there's a couple of random projects that people probably haven't heard of, like asymmetry finance.
And I don't know, a lot of also small startups like, you know, space adapts a group that wants to build in space or.
Yeah. And then also we have a few products that are coming out of general magic, like general magic and common stack work together to build praise, for instance, which is actually Rachel.
Before this call, we were chatting and you were mentioning that you have like an hour of gratitude, like a call where people were talking.
We were just talking, my colleague Toad, who's on the call, we were on a call for a while and talking about like ways that we can create like potentially a voice channel where we could express gratitude and just share that out every day, just expressing what we're grateful for and having a voice channel.
So we can have that more direct person to person communication because nobody wants to get another email or be added to another group and read another thing, actually like sharing our voices and sharing what we're grateful for every day.
So Toad and I were just talking about that before this.
Yeah. So, so general magic start is building this product called praise that giveth uses and like before every community call we actually, I shouldn't say before at the beginning of every community call.
We pass it around and everyone says three things that three, they dish three praises, right?
Where we say like praise Rachel for hosting me on the, on the partner spotlight so I can, you know, she'll giveth in general magic without it feeling so shilly.
And, and, and, and, you know, then I'll give two other praises and we just kind of all praise each other for work that we saw people do.
And it kind of creates this culture of gratitude. And the coolest thing is actually, this is how another way of issuing currency in, in the giveth, in the giv economy, where when you dish praise that, uh, if you type it out in discord, the praise bot, you use the praise bot to type it out.
Then those, those, those praises actually get quantified every two weeks and then, uh, and then they turn into give tokens and actually gratitude and like effectively quality work and quality, the quality of contributions ends up getting measured and rewarded based off of, uh, and while having a second order effect of creating a culture of gratitude.
So it's a, it's a, it's a really cool reward mechanism and, uh, really, really ups the, um, yeah, ups the vibes, you know, and everyone feels appreciated.
Yeah.
I'd really love to get involved in that group. Like that sounds right up my alley. I was actually talking, I don't know if you know, do you know Jacob Lill?
Yeah, very well. Very well.
So I was talking to Jacob Lill. We spent some time together at East Denver and I just kept tweeting like out people that I love in the space that are doing cool things. And I was like, Jacob, what if we create like a project where we can encourage people to like uplift other people and projects that they really believe in and care about?
Um, I'm actually reading this book called, um, the decision-making employee, how to succeed in a decentralized or autonomous organization. And, uh, the author writes about like basically uplifting, he talks about the tenants of improvisation, right? Like through acting. And he talks about uplifting your scene partner, right? Cause at the end of the day, we're all on the same team.
Totally.
We're all working in the web three space. So let's build each other up. And, and Griff, I really would love to get involved in that initiative. That sounds like so cool. Um, and it's something I've been low key brainstorming on. Like how can we uplift each other and, and like, um, build symbiotic relationships that help each other go farther?
Yeah, actually, uh, Jacob is part of my burning man camp. And in, in, that's where praise sort of emerged is, uh, we were during meals, we would kind of just take time to show gratitude and praise each other. And it felt just, it just felt really good.
And then we, uh, when we were launching the TC, we launched, uh, we used praise to actually create a reputation system. And so we turned that concept that really started at burning man, turned it into, uh, turned it into a reputation product and use that to determine who initially got funds, uh, in the TC, uh, like got the free tokens that normally a team would get.
You know, it's like, you know, it's like, Oh, you have a core team doing it. Well, the TC really was, uh, that the token engineering comments was really, uh, had a very decentralized beginning and had like a very large team. You could say it had a community that launched it as opposed to a core team. So, uh, yeah.
That is so cool. I'm so happy to hear that you've had these conversations with Jacob Lill. And another thing I did at East Denver,
I actually just shared my East Denver retrospective from 2023. Um, something I talk about is really honing in on your intention or your why. Um, this is something I actually did at Shelling Point.
I did like a really experimental coordination game and I brought two objects up on the stage. I brought an object to set intention and an object to set our intention or our why out into the world.
So I brought a sound healing meditation bowl and I had everyone just stop and take some breaths and really hone in on their why of being there. Um, cause I feel like when you hone in on your values, why you're doing what you're doing, you can align with your higher purpose and do more good when you really get clear on that.
So I had everybody do that. And then I actually brought like a giant beach ball with me. If anyone saw me walking around with a giant beach ball, I was just asking people, like I brought magic markers with me and I was like, all right, what's your why? What's your intention in being here? Let's write this out and let's continue this narrative beyond East Denver and, and share this out. Like, let's share our why's. Um, so I wrote a little bit about this experiment, this experimental coordination game, um, in this article I just shared with you all.
And this actually brings me to something Griff. I wanted to ask you about, I don't have it on our list of questions, but, um, I really love your, um, your intro in, in the green pill book, how crypto can regenerate the world. Um, you write about how you're building this novel coordination mechanism to create public goods and rewarding everyone involved. And you mentioned previously regenerative crypto economics. Can you talk a little bit about the importance of,
the importance of regenerative crypto economics? Yeah, well, this is, this is, you know, man, it's so interesting. It's, it's really this demand side that is that I want to spend most of my time talking about. So like regenerative crypto economics, this is, this is what I've spent all my time doing. And this is the, this is the phrase of the year, I guess you could say, uh, cause it's had many names over, over the years. And, uh, and, and it's really,
really just comes down to issuing a token to reward a certain type of behavior and, uh, and then creating demand for the token. And so the reason that you need to issue a token for these types of regenerative behavior is because when you're doing, when you're doing the work that regen economics, regenerative crypto economics is really focused on, there's usually a lack of business models, right? Like, uh, web, I see web 3B.
You know, when, when, when, when he, when he's rewarding people for cleaning up the beach, who's winning, you know, like everyone wins when there's a clean beach, everyone in the area, there's no real customer, right? Occasionally you can find ways of getting funds, but it's almost always a donation because the, the benefit is to society at large.
And the cost is generally to just a few people. And this is why we have to have governments because they can say, okay, we're going to create this taxation system where everyone has to pay taxes. Uh, well, unless of course you're super rich and can find loopholes or whatever, but in theory, everyone pays taxes.
And then we use that tax money to create public goods. That's why governments are so sticky. That's why when we, there's a revolution in a country, you know, the revolution doesn't end with something other than a government.
In the end, you just replace one government with another government. And we're stuck in this loop, this endless loop and regenerative crypto economics has the opportunity to change that because these things that don't have business models, they are, they can have economic models.
But the challenge is how do we create demand for these tokens that we're issuing, right? So, uh, I really liked this example of a movie theater, right? So a movie theater is an excludable good. It can have a business model and you can, someone, you know, if you want to go watch a movie at a movie theater, you have to pay for the ticket.
But if you want to throw a movie in a park, anyone can walk up and enjoy that movie. You're making the movie effectively a public good, you know, and I don't want to go into the details of public goods versus common pool resources, but we could just say the movie in a park is non-excludable. You can't really charge tickets.
Uh, the movie theater has a business model. The movie in a park right now relies on volunteers. Someone has to bring the projector. Someone has to bring the screen. Someone has to bring the movie. Someone has to choose the park, coordinate advertising, you know, put up flyers. And, you know, there's a lot of people doing a lot of work to build this value.
And I would say a movie in the park, you get everything you want in that you go to the movies for, unless you're on a hot date and you're trying to, you know, there's of course, some reasons why you might want a movie theater and not a movie in the park.
But for the most part, the movie in the park actually provides more value. It's a community event that everyone can enjoy and it brings the whole neighborhood together. You know, you're way more likely to like meet some, you know, nice neighbors and, and like, it's something that we really need in, in a lot of our societies. No one knows their neighbors.
You know, and this is an opportunity to bring people together in a community and you still get all the value of a movie, right? But there's no business model for it.
Maybe they put out a donation box and a couple of people actually send some money there. But what we could do is we could actually create a, my friend Sam just came over and was tapping my feet.
Um, but, uh, uh, uh, what we can actually do is we could create a token where instead of those people who bring the projectors, the people who bring the screen, the, the, you know, the people who, uh, are, are providing value to make this movie in the park happen.
We can issue a token. We don't have to charge customers because there are no customers really. Everyone comes and watches the movie for free, but we can issue a token to reward the people who are making the flyers and making the movie happen.
And, but then where do we create demand for the token? Well, who gets to decide what movie is played? Who gets to decide which park it is or what date is, is put out there?
You know, who may, maybe if someone wants to sell popcorn, they need to actually have so many tokens or burn some tokens. Uh, maybe if, uh, yeah, maybe to have the, like these nice blankets to sit on, uh, you have to pay, you have to like have so many tokens, uh, to get one of the blankets or some special seats.
You know, you can kind of create a, uh, uh, you know, uh, system, an economic system on top of some scarce, some scarce resources that, uh, that, that are like, you know, necessities really, uh, like deciding which movie is going to be made.
Someone has to decide it. And normally it'd just be the guy who brings the projector.
But if we create a token, we give the guy who brings the projector tokens, we can decentralize that decision.
And, uh, there can be a voting algorithm that decides which movie, you know, that rates the movies based off of what people want and, uh, chooses what movie in which park to go in.
So token holders get to decide.
And, uh, yeah. And so we could take something that, you know, you really depend on donations to, to support and you can even make it an entrepreneurial opportunity.
Cause what if this movie in the park park thing really takes off and people, you know, on the other side of town want movies in the park and, you know, it used to just be like this small little neighborhood thing that would go to three or four parks.
And all of a sudden people all over the city are participating and there's more movies in parks and more demand for the token.
And then, you know, then other cities are like, you know, people move to these other cities and like, why are, why are there no movies in the park here?
I love walking by a park and seeing what movies are playing.
Uh, I want to start that here, you know, and, and this, this small entrepreneurial team.
Um, that launched this small project for a neighborhood, it can actually grow and expand.
And as it expands, that creates more demand for the token.
And if demand rises faster than the issuance of the token, then you actually have a profitable system.
And, and there should be a way to make these systems profitable.
It shouldn't just, I mean, I, that's one example of a relatively benign idea of a movie in a park, uh, that if, you know, if this became a nationwide phenomenon, the people who started this economic system around movies in the park, like they would be fucking rich, you know, like, and that's what needs to happen.
We need to have, uh, in the public good space in general, we need to have opportunities where innovators and entrepreneurs can come in and solve our problems, solve real world problems much more than just, oh, we need to meet our neighbors.
And like, you know, people who have time to go watch a movie in a park have access to movies.
Like, okay, that's like kind of dumb, honestly, but what if we could find innovative solutions to helping the homeless or cleaning up beaches or, you know, addressing climate change that can start small and grow and make people rich.
You know, and I'm not talking some bullshit carbon token talking about on the ground activist networks that can be initialized by a small team and actually pay off.
If we can, if we can create these kinds of systems, we will have a much better world.
And, and, and if these systems really start working at scale, then we can even get rid of governments, in my opinion.
Wow. I, I really feel like the, the analogy you, you use was just a really, um, insightful depiction as to how you are building the new giving economy.
Like it's, it's just brilliant.
Seriously, like doing things that create a better world for everyone and enabling people to get paid for that.
Like that's, that's just brilliant.
Um, I want to support in any way, shape, or form that I can over here on the Opelis side for individuals who are becoming entrepreneurs in that space.
Um, I want to support them through Opelis and do some more partnership initiatives in the future.
Definitely.
Um, so now some of the next things I wanted to dive into, um, I guess I'll, I'll make this my last question before we, we get to, uh, opening this up to the attendees.
So I actually want to end the call today with something we talked about and just ending with gratitude and opening the mic up to anyone that wants to come up to share what they're grateful for, or to just put words of kindness out there to anyone that's on the call.
Um, before we do that, I really want to ask, uh, Griff, how your projects aim to enable greater autonomy and self-sovereignty for individuals and communities.
Um, so how are you leveraging this potential of self-sovereignty and the future of work?
Well, with Giveth, you do not need to have a legal entity.
In fact, Giveth and General Magic basically don't have formal legal entities.
Uh, they're, they're DAOs.
And I mean, they, there's some side legal entities here and there that, you know, Giveth actually has a 501c3 connection and things like that.
But with, with, with Giveth, you know, mutual aid groups often don't find value in creating a 501c3.
In fact, it undermines some of their credibility in their community.
And with Giveth, they can still raise donations and give their donors a subsidy.
You know, that, that, uh, we really try hard to make, make it, uh, like kind of outside of this, the traditional jurisdiction and give people who want sovereignty, that want to be free, that don't want to be always worried if their 501c3 is going to be like taken away from them.
If they take like, uh, you know, maybe controversial activist role, uh, approaches.
Uh, so we, we give them the space that they can have the same benefits of, uh, of a legal entity, but actually keep their sovereignty and, and agency.
So, uh, and also, you know, in, in the web, web three space and crypto space in general, there's just a lot of people that don't pay taxes.
And, uh, and, uh, I say more power to them, uh, that's, uh, and I would, I, I'm happy to, uh, give, give them a reason to donate.
So, you know, uh, even if the tax deduction doesn't, doesn't help them because, you know, one thing is like not paying taxes cause you're just trying to save money.
And then another thing is not paying taxes because you think your government is shit.
Uh, and, and it's not like, it's not just the U S where a lot of people make that argument, but I mean, I just got off a, uh, a call with Manu, uh, from, uh, from doing good.
And he's from Venezuela and it's not like, you know, it's really not like you want to support the Venezuelan government or the Iranian government or the North Korean government.
You know, there's a lot of places in the world where, uh, you know, it's, it's like paying taxes.
You're actually making the world a worse place.
You're supporting an evil organization.
So, or evil, maybe, maybe isn't the right word, but an organization you don't want to support.
And so we're trying to say, okay, well, you know, you can still donate here and, and enjoy the benefits of, of all these things.
And general magic as well, you know, we don't require the traditional payment rails or man, sometimes we have trouble working with these organizations that are like, we need a tax ID number, you know, to make invoices and these sorts of things.
And that's just not, that's just not a real style.
So, uh, this is, this is what we're, we're, we're trying to stay outside of the system for the most part, uh, and, and make it easy for people who are also outside of the system to, to still get the services they need.
Awesome.
Well, thank you for all of that insight, Griff.
I feel like the, the light bulb has gone off for me so much more, um, since having you on today.
And I'm, I'm really grateful to learn more about general magic and give it, and like I said, any way that we can support you over here, just let us know.
We're always down to do spaces like these partnership initiatives, and just super grateful for having you on today.
Um, now we have two people who joined up as speakers.
We have toad, uh, my colleague over at Opelis, and then we have web three beach.
So yeah, no particular order.
Go ahead.
If you guys want to share.
Web three, I'll be, uh, more polite and tell you to go first, since we're both just sitting here, being polite to each other, waiting for the other one to go first.
GM, GM, I appreciate that.
Uh, yeah, I just want to say thanks.
Thanks for hosting the space.
Griff, you've shared so much knowledge on, on the projects, and it's just really cool to, to learn more about what's going on with, with all the projects.
And it's just, overall, I'm so grateful for so many, you know, big brain web three people that are all so big hearts.
I think the space has evolved so much from, you know, in the four years that I've been in the space where, uh, it's just all, I remember it was always, you know, number go up and yield farming.
And, you know, I started feeling like how many yield farms do we need really, you know, and, and, uh, when are people going to actually start building real world solutions for, with the tech, right?
We're talking about mass adoption, banking, the unbanked, uh, narratives like remittances and all these things.
And I, I, you know, being from Honduras and, and growing up in, in the U S as, as an undocumented, undocumented immigrant, um, I'm part of the, the remittances world, right.
Which, uh, contributes more to the, to the economy of a country than the whole, than any industry within the country.
So I look at these platforms and, and I look at, uh, projects in developing nations that are listed on there.
And I, I kind of view that as web three remittances, right?
It's like, uh, people from all over the world, seeing impactful projects, trying to do good in their community and sending funds over to help fund that.
That's basically what, you know, our, our compatriots are doing by fleeing these really unpleasant conditions and, and going to another nation, uh, departing from their families and working their butts off to be able to send money back.
So like, this is, this is really cool for me to see, uh, the web three space going towards that.
I mean, it's been happening for a while, but just getting the recognition that deserves recently, I'm, I'm really stoked for.
And it really does encourage people on the ground to take more action and, and it shows, you know, that people care about it.
And I think in, in many times that is more of a driving factor than the actual money amount that you get, you know?
So I know, for example, when I'm in spaces or, uh, I was at DEF CON and my project was mentioned at two of the talks and I was just, I was not expecting that at all.
I was just so blown away.
And it made me feel like, holy crap, people care about this.
You know, this is actually meaningful stuff.
And, and, and sometimes you get really discouraged because it's, it's all hard work.
Uh, but then just getting that, getting that recognition from, from people in the space is just like, makes you want to double down on, on the effort and the impact that you're trying to create.
So yeah, thank, thank you for facilitating this.
Thank you for creating the infrastructure for it.
And, and I'm just super, super appreciative of, of everyone that's working to make this, uh, to make this a bigger space in the ecosystem.
Well, thank you for coming up web three beach.
We're really grateful to have you on today and to be talking about actual functionality of these projects for real world implications.
Like when I first joined the web three space, I discovered a DAO called the sustainable development DAO.
And that's one of the first projects I contributed on as a governor.
Cause I was like, okay, this is a project in web three.
That's actually implementing carbon credits for, uh, sustainable forestry initiatives.
And I'm like, this is dope.
We're, we're combining technology with the good of the world and humanity.
And there's a book, um, that Gitcoin DAO put together called the future history of the open internet.
And there's a page or two pages in here that says, what good is a Lambo when the sky is on fire?
And that's just always, um, stuck in my brain, right?
Like what good is all the year yield farming and like all of these things in the virtual world, if the real world is crumbling around us.
So I really admire just web three beach, uh, giveth general magic for, um, considering real world implications and real world good for projects.
Um, yeah, thanks, Rachel and, uh, and Toad, did you have something you wanted to throw in?
Yeah, I wanted to express gratitude for the builders, the people making the blockchain.
Um, you know, I'm just a person who says words on the internet and I'm grateful for the people who make these coordination systems because it's allowed for folks like giveth to come around, like, you know, griff to come around and build things like giveth.
It's, it's, it enables me to wake up each morning and do what I love to do.
Um, so I just wanted to feel gratitude for the people who are sitting around at dark hours, typing things I'll never understand into places that I'll never be.
Yeah, man.
And, uh, we have some major news, uh, that on April 12th, the major milestone for Ethereum, uh, they'll be, they'll be staying late hours until April 12th for sure.
Where, where, uh, actually the withdrawals will be unlocked finally and, and a huge step for the Ethereum blockchain.
So, yeah, I, I, everything that we do in this space, it's, it's because of these core devs, at least in the Ethereum space, the core devs of Ethereum are working behind the scenes.
And, and I think that they do get some good gratitude, but it's never enough for the value that they're creating really.
And, uh, it's truly incredible.
So, uh, yeah, I think we can all, uh, you know, and now there's this really cool roadmap out there of all the work they have in front of them.
So, it's not like, uh, you know, the, this milestone, hopefully they can have some champagne and, and enjoy, uh, enjoy, uh, a break for, you know, an evening.
But, uh, but then there's the, you know, after the merge, there's the purge and, and the, the verge and the splurge and, and the whole crazy, uh, roadmap.
So, they'll be, they'll be pushing for, for another decade, it seems.
Awesome.
Well, we are eternally grateful to the Ethereum team and all the devs that make this space possible.
Um, I know we're getting to the end of the hour here, so I want to give Alan Barth a moment to speak.
Alan, you've been joining these spaces for months now, and I, I'm really grateful for you for just continuing to show up and, uh, grateful to have you here, man.
Is there anything you wanted to ask?
Gratitude to express questions, comments, concerns?
Can anybody else hear Alan?
I, I can't hear him.
Oh, there we go.
How's that?
Hey, there we go.
Okay.
Thanks, Rachel.
I'm, I'm grateful for your praise.
And I'm also grateful for SF NFT conference that happened last Halloween.
That was my first conference for, uh, NFT and Web3 space.
And I had just prior to that been only 10 gentle involved.
And I'm an artist that, um, wants, that's making the art NFTs now.
So, I got really inspired.
And, uh, so I'm just grateful to all the organizers that put on the SF NFT conference.
And I'm now starting a consulting business to help.
I, I have 25 years experience in environmental studies and I'm, I'm an artist.
So, I'm combining my skills to create art NFTs.
And I want to reach out and find other, um, like disadvantaged folks, uh, people with mental
health or physical disabilities or, uh, underprivileged, uh, people, uh, the BIPOC community and bring
them to the Web3 space and have them feel comfortable.
And it's, um, like, Opolis can be a starting point to get them set up.
Or I'm thinking that I would just provide a market space where I can put their NFTs up and
they don't take risks.
So, um, I'll stop there.
I just, I'm really grateful to the whole Web3 space and seeing the potentials of what's
available.
Awesome.
Thank you so much.
And I actually just DM'd you from the Opolis account.
Uh, so let's schedule a call and strategize how we can work together, how we can support
you in creating this organization and other people that are working with you within your
network.
Um, with that being said, we are at the end of the hour.
Uh, so we're going to go ahead and close the space here in a moment, but I'll open the
floor.
If anyone has any, any last minute questions, concerns, gratitude they'd like to express.
If anyone's got anything.
Well, thank you so much, Rachel, for hosting this space and hosting so many cool projects,
uh, that, that can get a little bit extra exposure because of your work.
We, we all really appreciate it.
Um, I, Hey, that's just what lights me up.
Like I like uplifting others.
I like giving projects that I believe in that are doing good for the world, um, beyond just
what I believe in, but like projects I see actually doing good.
Um, I like to just, you know, lift these projects up projects like general magic and give it,
I believe in what you're doing.
Um, and I'm here to support you.
So, uh, with that being said, we'll close the space out today.
I'm grateful for all of you that joined.
Thank you to all the listeners to sushi son, brock to puss, Valerie, um, everyone in the
audience today.
Thank you all for joining.
And yeah, if you click on the resources, you can get involved with general magic and give
it with the links that I shared.
All right.
Thank you all for joining today.
Thanks Rachel.
Bye everyone.
Bye.
Bye.
Bye.
Bye.
Bye.
Bye.
Bye.
