Charitable giving in web3

Crypto investors are actually much more charitable than average individual donors in United States. Still, total amount fundraised in 2023 is still quite low. To check this, you can take a look at yearly report which TheGivingBlock prepares every year.

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TheGivingBlock is a industry standard for crypto giving - but it is really not a “representative” web3 project, as donations are done by copy/pasting wallet address or scanning a QR code. Rather crude now-days, with all tech on our disposal.

TheGivingBlock donation funnel
TheGivingBlock donation funnel

So how to leverage a huge daily volume going through DeFi and other on-chain dApps? Imagine plugging in these services and offering a way to give an on-chain micro donation while transacting on Uniswap, OpenSea, etc?

Uniswap frontend with charity donation
Uniswap frontend with charity donation

People donate when they already have money in their hands. In web3 - thats swapping on Uniswap, minting NFTs on OpenSea or staking your ETH on Lido. Being able to do a micro donation in these situations could yield a bunch of funds for charitable goals.

So why this does not exist yet? UX is hard. Altering battle-tested and audited smart contracts is not really an easy decision for dApps. There are trust issues. But there could be a way. Building trust and community slowly, and implementing frontend changes only.