How to Use the Proof of Good Framework to Build Impactful Web3 Projects
The Proof of Good Framework is a practical, flexible tool designed to help Web3 projects achieve their goals while also delivering real societal value. Here’s a step-by-step guide to implementing this framework, specifically made to founders looking to blend profitability with purpose. Yes, the framework is simple to adapt, regardless of your project’s size or focus.
“I believe Web3 projects could really benefit from having a framework to help them assess the potential impact their work might have on society. It’s important that this framework is both practical and realistic… That’s why I created it!”
Here’s how you can get started.
Step 1: Focus on the pillars that align with your goals
The framework includes multiple pillars that address societal needs, such as inclusivity, transparency, privacy, and sustainability. Don’t feel pressured to tackle every pillar at once. Start with those that align best with your goals and build from there.
Example: A DeFi platform might start by focusing on equity and accessibility to make financial tools available to underserved communities. By narrowing the scope, you can create impact without overextending resources.
Step 2: Use the framework’s guiding questions to identify areas of improvement
Each pillar includes targeted questions to help founders identify areas where societal impact can be strengthened. This is where the framework’s adaptability shines—apply the questions to your project’s core areas and adjust as you go.
Example Question: From the Equity and Inclusivity pillar, ask, “Who benefits from my project’s success?” If the answer is limited to well-resourced users, consider expanding accessibility by lowering fees or simplifying onboarding.
Step 3: Start small improvements
The Proof of Good Framework isn’t about a major overhaul. Begin with small, manageable changes based on your findings, which will gradually bring your project closer to public-good principles.
Example Improvement: If your equity review shows that fees exclude lower-income users, try a tiered fee structure or offer discounts to first-time users. These incremental adjustments allow for sustained growth aligned with societal values.
Step 4: Reassess regularly
Web3 evolves fast. Make it a practice to revisit the framework quarterly or after each major milestone. Regular assessments keep your project aligned with both user needs and public-good principles.
Example Process: After launching a feature, review the Privacy and Data Security pillar to ensure that user data remains protected. This regular check-in helps build trust and keeps your project responsive to evolving expectations.
Step 5: Communicate your commitment
It’s a win-win situation. The Proof of Good Framework also helps showcase your values. Share your progress with users, investors, and partners to demonstrate your commitment to transparency and social impact.
Example of Sharing: Publish a quarterly report or blog post detailing your progress on the framework’s pillars, such as reductions in transaction fees or new privacy features. This openness builds credibility and attracts like-minded supporters.
Let’s take the first step
Starting with the Proof of Good Framework doesn’t require a complete transformation, just the willingness to explore and answer a few core questions. Begin with, “Who benefits from my project’s success?” and “How are we ensuring transparency and accessibility?”
The Proof of Good Framework is here to guide you, whether as a conversation starter or a full roadmap, making impactful Web3 projects achievable for founders of all types. Let’s build a digital future that’s not just profitable, but meaningful.