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Writer's pictureDestini Harrell

"Cryptophilanthropreneurship": Exploring an Emerging Frontier at the Intersection of Investment, Impact, and Entrepreneurship


What is CRYPTOPHILANTHROPRENEURSHIP

*Try saying that 3 times fast*


This interesting term came along during my time exploring and working with a multi-generational, multi-disciplinary pre-DAO team of individuals who were committed finding a way to amplify the goodness in our communities through entrepreneurial support, reimagining approaches to complex problems and think-tanking about emerging concepts that could reshape and ablaze new pathways in industry, communities, and systems of the world at large.


One of those areas that became apparent- and thus was continually researched and explored by us- was the intersection between the emerging crypto space, philanthropy, and entrepreneurship and what that could mean for the future playing field that is still early, but is nonetheless coming.


“Cryptophilanthropreneurship” can refer to how those worlds can act in one collective form or how those worlds interact with one another as separate bodies (crypto + philanthropy + entrepreneurship). Here are some examples of these worlds at work together:



CRYPTO + ENTREPRENEURSHIP

  • Empowering entrepreneurship and creative exploration through the diversification of funding via crypto resources


  • Studying the behavior and implications of Coin and where there is value alignment with the entrepreneurial journey



PHILANTHROPY + ENTREPRENEURSHIP

  • Supporting the growth of more entrepreneurial ventures or entrepreneurial ways of living that have a core focus on community good and the power of activating diverse networks of people and resources to grow entire communities - cultivating both social and economic value



CRYPTO + PHILANTHROPY

  • Organizations engaging a newer, emerging, still largely untapped donor base in philanthropy as a part of their development strategy


  • Helping crypto philanthropists clearly identify the causes they care about and interests they have and matching them with orgs that have an aligned mission and/or vision


  • Educating nonprofits on how to accept, value, and manage crypto donations, rather than just immediately converting them to USD / other fiat



CRYPTO + PHILANTHROPY + ENTREPRENEURSHIP

  • Being an entrepreneur seeking community good/welfare and impact through their work while being powered by crypto, and enabled by the greater Web3 space and the set of values encouraged by that space


  • Fellow entrepreneurs, builders, and creatives being able to invest in each other’s initiatives and visions with the expanded growth potential of giving a store of value vs. just currency



Why Does This Matter?

The intersection of crypto, philanthropy, and entrepreneurship provides the opportunity for the innovation of systems and dated approaches, the reimagination and creation of new segments of existing industries, and the rise of the next generation of philanthropists, investors, nonprofits, and founders who are propelled by a refined set of values.


Also, being at the frontier, there is an opportunity for early adopters from more historically marginalized, omitted, or devalued communities to become that next generation- allocating resources for the spaces that they know need the attention and fresh approaches for impact. In that way, cryptophilanthropreneurship can enable more decentralized, democratized and diversified problem solving and value creation/realization.


Beyond the hype, beyond the skepticism, and debates on the timing of crypto, this intersection is still something worth curiously exploring and learning about- and albeit, if you feel it- preparing for.





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