Social good DAOs to watch in 2022 [47]

Decentralized communities are leading the way to a better future

Good afternoon, friends!

In the last newsletter, I wrote about some of the social challenges that are facing the U.S. and a pair of different decentralized autonomous organizations that have sprung up to help tackle those issues.

The gift of blockchain and Web3 technology is that it makes organizing programmable, transparent, and trustless. The push for social change requires good people participating and the resources to get it done. At the beginning of 2022 multiple DAOs have shown that they’re perfect for this.

When Russia invaded Ukraine, UkraineDAO raised over $8 million by harnessing the power of Web3 and the attention of the crypto community. AssangeDAO raised more than $45 million in less than a week to assist with the legal defense of Julian Assange who is facing extradition from the UK to the United States for his work with Wikileaks.

DAOs do more than just raise money and distribute funds, they also organize people and form partnerships. Using the blockchain the funds received can also be audited by outside parties so that their management can be understood and seen transparently, making them even more trustworthy than other organizations.

So, here are a few DAOs to keep an eye on this year if you want to get involved.

FreeRossDAO is an organization that is working to free Ross Ulbricht, the creator of the Silk Road marketplace, and advance prison reform for other incarcerated individuals.

ChoiceDAO is a newly organized DAO that seeks to use Web3 technology and community organizing to raise $1 million in 26 days to help fund charities providing access to abortion in the wake of the U.S. Supreme Court overturning Roe v. Wade.

HerStoryDAO works to ensure the preservation of Black women, femmes, and non-binary artists in the NFT and crypto space.

Dream DAO seeks to deliver social impact by providing training and mentorship for young people who want to learn how to build with Web3 technology.

KlimaDAO allows people to purchase tokens to help fight climate change with a digital currency that is backed by real carbon assets – it touts itself as “DeFi that defies climate change.”

Big Green DAO is an organization whose objective is to change how grants are distributed and lent to the community and disrupt hierarchies. It focuses on food and gardening for organizations such as schools and urban centers.

As usual, you can find a news round-up below and the long-form write-up after the fold. So far, 2022 has been the year of the DAO and it has not shown any sign that it’s slowing down.

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Blockchain Bulletin

• Intel’s energy-efficient ASIC mining chip ships ahead of schedule. Intel has shipped its high-efficiency second-generation “Blockscale” SHA-256 ASIC mining chip slightly ahead of schedule, reported The Register.

• New York State denies air quality permit to Finger Lakes Bitcoin Mine. The New York State Department of Environmental Conservation denied an air quality permit to the Greenridge Power Station Bitcoin mining facility, although it will continue operating while the operating challenges the decision, reported BeInCrypto.

Blockchain Behind the Scenes

• Primordia DAO emerges to assist social good DAOs during 2022. The Kin DAO has launched Primordia DAO on the NEAR Protocol with the intent of incubating 100 new social good DAOs during 2022 in order to make the world a better place.

• The EU adopts MiCA regulations to control crypto and stablecoins. The European Union has come to a decision on how to regulate crypto and stablecoins that affect the industry, privacy and platforms operating in the region.