Over the last decade, developments in blockchain and various decentralized technologies have spurred the evolution of “web3,” introducing significant disruptions across various industries and sectors. For many innovators, these technologies can significantly improve existing transaction and verification processes, by making them more transparent, efficient, and trustworthy. For others, web3 serves as an ideal platform for developing and scaling innovative economic and governance models towards a more sustainable, collaborative, and democratic future. However, the clear evidence of frauds and scams accompanying these advancements make some critics question the credibility and legitimacy of the field. As such, it is vital to critically examine the field and pinpoint areas and use cases where these technologies can truly bring positive change and impact. The event offered an opportunity for practitioners, academics and researchers to explore the most promising approaches and use case areas for employing web3 technologies and blockchain to promote positive social impact. Through a combination of presentations and interactive sessions, attendees have engaged in rigorous debate and analysis of the opportunities and challenges of blockchain technology, including discussions of the technical, economic, and social implications.