How Crypto Wealth Will Change the Impact Sector

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 5 June 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, NEAR and FTX US. On this edition of “Long Reads Sunday,” NLW reads “How Web 3 Changes Philanthropy” by Rhys Lindmark. - Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC. - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Boris Zhitkov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.0	The breakdown is sponsored by nexo.io, near an FtX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Sunday, June 5th, and that means it's time for Long Read Sunday.
0:29.3	Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,
0:33.6	give it a rating, give it a review, or if you want to dig deeper into the conversation,
0:37.9	come join us on the breakers Discord. You can find a link in the show notes or go to bit.ly slash
0:42.7	breakdown pod. Also, a disclosure as always, in addition to them being a sponsor of the show,
0:47.9	I also work with FTX. Now, it has been a little dreary, I will admit, on the breakdown,
0:56.0	because crypto's in a weird spot. Markets are kind of circling around as we figure out what the hell's going on from a monetary
1:01.3	policy perspective and whether all this hawkishness is actually going to translate into anything
1:05.5	other than a recession. Critics are emboldened in that sort of environment where crypto is on the
1:10.3	back foot.
1:11.4	Enforcement actions that would have happened, by the way, I believe, whether it was a bull market
1:14.8	or a bear or happened to be coming down at the same time.
1:18.1	And so you are forgiven if you're like, man, there is not as much optimism as I would like to see.
1:24.2	So today we're going to try to bring a little bit of that optimism back into the show
1:28.7	with our selection for LRS. I'm going to be reading a piece called How Web 3 Changes
1:34.7	Philanthropy. It's from Reese Lindmark and is about how the crypto generation could rewrite
1:39.9	the rules of charitable giving. Ten years ago, the rebels hadn't won. There was no Web 3, no non-fundable tokens, no decentralized
1:49.1	finance, no decentralized autonomous organizations, no Coinbase, no Ethereum, no A16Z crypto.
1:56.4	Now, in 2022, we have all of these things. Elon Musk pitches Dogecoin on Twitter, the Miami Heat
	...

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