The Report

Check out the infographic below and/or download the full version of Web3 Futures: Unearthing the potential for nonprofits

Web3 Futures

Unearthing the
potential for nonprofits

As a discovery research project for Catalyst, Huddlecraft invited 5 nonprofits to a 3-day learning immersion to explore the potential of emerging Web3 technologies.

The aims of the project:

Discover

Better understand the evolving Web3 landscape and the potential it holds for nonprofits

Connect

Build relationships to support continued learning about Web3

Apply

Learn to use knowledge in different contexts

Disseminate

Share information with the wider non profit sector

Our Discussion

Need for sector change

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Declining trust & Engagement

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Generational & attitudinal shifts

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Power, governance & structural issues

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Funding challenges

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Web3 offers a vision for a better, fairer internet, where power is not concentrated in the hands of so few

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Visions for the future

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Open, transparent and member-led

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Networked collaboration

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Close to the impact of actions

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Fluidly exchanging ideas & resources

Opportunities and areas of development for adopting Web3

In our discussions these Web3 technologies emerged most
relevant for charities:

Decentralised Autonomous Organisations (DAOs)

Sensitive Data > tokens

Non-Fungible Tokens (NFTs)

Smart contracts

These could help with...

there is a vector image of a tree with bright pink/red fruits. Each fruit has one of the following texts: Strengthening engagement with community, improved decision making, new income streams, improved governance, staying relevant, improved security and efficiency
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Strengthening
engagement
with community

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Improved security
and efficiency

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Improved decision making

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Staying relevant

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New Income
streams

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Improved governance

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Participants outcomes:

Increased knowledge & understanding

“Lots of value gained! A brilliant intro to a huge subject”

Enhanced clarity and application

“It was really helpful to feel ahead of the curve on this. To have a clearer sense of how Web3 can be applied in our work and some really concrete ideas to put into action”

Improved confidence

“I learnt so much and feel inspired to continue learning

Increased connection & support

“Always great to connect and learn with others in the sector”

4 carrots planted in the ground

Recommended next steps:

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Iterate the Web3 immersion pilot, building on what we learned

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Split the learning offer in 2: 1light-touch exploration and 1 deeper dive with prototyping and implementation support

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Find more partners who can bring in more resources, capacity and content

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Repeat for other emerging technologies, e.g. Generative AI Large Language Models like ChatGPT

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Repeat this with 2 more tech areas and analyse the outcomes, to understand the sector's future disruption preparedness

With thanks to:
Roald Dahl’s Marvellous Children’s Charity, Save the Children UK, Signalise, Transition Network and The Visionaries for their participation

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