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In episode 180, we’re excited to welcome Simon (aka polymath) from The Soci3ty to explore how they’re using Web3 to build a digital nation that creates value for all its members, and the world. We dive into their unique 7-step approach for participation in their ecosystem, the role of Web3 gamification and incentive mechanisms, how partnerships like the Blockchain Africa Movement are strengthening their ecosystem, and ultimately, how the Soci3ty aims to leverage blockchain to build a fairer, more connected world.

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Key Takeaways

• Blockchain enables the creation of new infrastructure for coordination that has the potential to revolutionize how individuals organize. While there have always been mechanisms to align people with values, there haven’t always been mechanisms to align people financially. With the advent of crypto and Web3, comes new opportunities to combine shared purpose with shared financial incentives, creating systems where communities can collectively fund, govern, and benefit from the initiatives they care about.
• One of the most exciting aspects of Web3 is how it can create the conditions for trustlessness in social impact organizations. Whereas in the past, you had to trust middlemen to ensure that funds were stewarded properly, now blockchain technology enables full transparency and accountability. Smart contracts can automate processes, ensuring that funds are distributed as intended, and on-chain records provide an immutable audit trail accessible to anyone. This transformative shift not only reduces inefficiencies but also empowers donors and stakeholders with greater confidence, fostering a new era of trust and impact in social good initiatives.
• “Competition is a zero-sum game, where collaboration is 1+1=3.” The spirit of collaboration over competition in Web3 makes it a great place to build, fostering innovation and creating opportunities for collective growth that wouldn’t be possible otherwise.-

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Follow Simon and The Soci3ty

Twitter - Simon

Twitter - The Soci3ty

Website

Discord

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Episode Time Stamps:

02:40 - What was your “Ah hah” moment that first got you excited about cryptocurrency/web3?

04:05 - To lay the groundwork for the conversation, can you please give listeners a high-level intro to the mission of The Soci3ty

07:00 - At the basis of your mission is helping individuals around the world coordinate to have a greater impact. Why do you feel Web3 primitives can be a powerful tool for coordinating communities?

11:00 - On your website you share a 7-step approach for participating in The Soci3ty that does a great job explaining it. Do you mind summarizing how participation works from step 1 to 7, and the gamification and incentive mechanisms you’ve incorporated?

22:20 - While The Soci3ty is a global movement, members can also join forces with others with similar values, interests, etc. and form clans. Tell me more about this.

29:50 - You recently announced a partnership with Blockchain Africa Movement is joining The Soci3ty as a business. Tell me more about the Blockchain Africa Movement and how this will benefit their organization.

36:10 - I want to share a quote from your website, and hear your reflections on it: “Forged from the belief that human connection must prevail, The Soci3ty asserts that more value is created through cooperation rather than competition. Its strength lies in the diversity of its members, who hail from all continents and social backgrounds.” Since I started working in Web3, I’ve noticed the strong emphasis on collaboration over competition when compared to other sectors. What are your thoughts on this?

39:50 - What’s the best way for listeners to get in touch and learn more about The Soci3ty?

41:55 - To wrap things up, if you could name one thing that excites you most about the social impact potential of web3, what would it be and why?

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